Most of the United Kingdom’s fossil fuel lies off the coast of Scotland – not England. Therefore, the wealth the North Sea Oil generates should arguably be added to figures for total revenue from Scotland that England does not count. This introduces a whole string of important questions if there is a separation. Will this natural resource be returned to an independent Scotland?
If the quality of government institutions really is the secret to future riches, the global economy— and in particular the world’s poorest people—could be in for a great few decades.
How the absence of grift equals quality government exists beyond my mental equations…so many more variables need to be addressed than this to define quality governments.
There are a lot more horrific bites to spit out in this article - enough to excite Nassim Taleb in his normal causal relationship rant - like:
all the people in human history who ever reached the age of sixty-five, half are alive now, reflecting considerably improved global trends in adult health as well.
(actually, it reflects only longer life spans)