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Monday, September 15, 2014

The Illusion of Sovereignty and Scotland

Max Keiser's Scottish Independence Farce

At the end of Adam Smith's (one of the world's most famous Scots) The Wealth of Nations - which you can download for yourself at the link,  he laments his English king's delusion of control of the American colonies.  He pleads to reason for others to see that you can't control a single people, let alone one across the ocean, without any useful means to do it. As soon as Americans decided to kick out the British soldiers and refuse to pay England the control was lost. 

It must have been a contemporary topic of the time to work it's way into this real economic-meaty book.   But the reality is the same today as it was 300 years ago.  Only the instruments that make a difference should men care about. Sovereignty comes not from ideas but from objects that define the difference.  A flag is a lifeless piece of cloth.  A name is a placeholder for an amalgamation of things. 

Society has realized that money is more powerful than the sword, and for nations banking has become the real currency of civilization.  To be independent yet have no currency is to be subservient to another regime. To allow another country to set your interest rates is to have no control of your destiny.  To make it harder for your citizens to secure loans is to fail them.

So why is Scotland so interested in a flag (symbolic sovereignty) and so unconcerned about financial independence (real sovereignty)?

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