• 557 days Will The ECB Continue To Hike Rates?
  • 557 days Forbes: Aramco Remains Largest Company In The Middle East
  • 559 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 959 days Could Crypto Overtake Traditional Investment?
  • 964 days Americans Still Quitting Jobs At Record Pace
  • 966 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 969 days Is The Dollar Too Strong?
  • 969 days Big Tech Disappoints Investors on Earnings Calls
  • 970 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 972 days China Is Quietly Trying To Distance Itself From Russia
  • 972 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 976 days Crypto Investors Won Big In 2021
  • 976 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 977 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 979 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 980 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 983 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 984 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 984 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 986 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Scottish Referendum Gives Reasons to be Hopeful

Even though it ultimately failed at the ballot box, the recent campaign for Scottish independence should cheer supporters of the numerous secession movements springing up around the globe.

In the weeks leading up to the referendum, it appeared that the people of Scotland were poised to vote to secede from the United Kingdom. Defeating the referendum required British political elites to co-opt secession forces by promising greater self-rule for Scotland, as well as launching a massive campaign to convince the Scots that secession would plunge them into economic depression.

The people of Scotland were even warned that secession would damage the international market for one of Scotland's main exports, whiskey. Considering the lengths to which opponents went to discredit secession, it is amazing that almost 45 percent of the Scottish people still voted in favor of it.

The Scottish referendum result has done little to discourage other secessionist movements spreading across Europe, in countries ranging from Norway to Italy. Just days after the Scottish referendum, the people of Catalonia voted to hold their own referendum measuring popular support for secession from Spain.

Support for secession is also growing in America. According to a recent poll, one in four Americans would support their state seceding from the federal government. Movements and organizations advocating that state governments secede from the federal government, that local governments secede from state governments, or that local governments secede from both the federal and state governments, are springing up around the country. This year, over one million Californians signed a ballot access petition in support of splitting California into six states. While the proposal did not meet the requirements necessary to appear on the ballot, the effort to split California continues to gain support.

Americans who embrace secession are acting in a grand American tradition. The Declaration of Independence was written to justify secession from Britain. Supporters of liberty should cheer the growth in support for secession, as it is the ultimate rejection of centralized government and the ideologies of Keynesianism, welfarism, and militarism.

Widespread acceptance of the principle of peaceful secession and self-determination could resolve many ongoing conflicts. For instance, allowing the people of eastern Ukraine and western Ukraine to decide for themselves whether to spilt into two separate nations may be the only way to resolve their differences.

The possibility that people will break away from an oppressive government is one of the most effective checks on the growth of government. It is no coincidence that the transformation of America from a limited republic to a monolithic welfare-warfare state coincided with the discrediting of secession as an appropriate response to excessive government.

Devolving government into smaller units promotes economic growth. The smaller the size of government, the less power it has to hobble free enterprise with taxes and regulations.

Just because people do not wish to live under the same government does not mean they are unwilling or unable to engage in mutually beneficial trade. By eliminating political conflicts, secession could actually make people more interested in trading with each other. Decentralizing government power would thus promote true free trade as opposed to "managed trade" controlled by bureaucrats, politicians, and special interests.

Devolution of power to smaller levels of government should also make it easier for individuals to use a currency of their choice, instead of a currency favored by central bankers and politicians.

The growth of support for secession should cheer all supporters of freedom, as devolving power to smaller units of government is one of the best ways to guarantee peace, property, liberty -- and even cheap whiskey!

 

Back to homepage

Leave a comment

Leave a comment