Alberta separatists, learn from the disaster of Brexit. I was there
The article draws parallels between Alberta's separatist movement and the Brexit referendum, highlighting the potential pitfalls of such a decision. It warns that Alberta could face economic challenges similar to those experienced by the UK post-Brexit, including slowed growth and reduced investment. The author emphasizes the importance of considering the long-term consequences of secession, which historically tend to be negative for economies.
- ▪Mark Carney compares Alberta's separatist vote to the Brexit referendum.
- ▪The article argues that secession often leads to worse economic outcomes due to reduced market size.
- ▪It warns that referendums can create unpredictable policy environments that deter investment.
Opening excerpt (first ~120 words) tap to expand
Open this photo in gallery:A supporter of NDP leader Naheed Nenshi holds a sign at a rally against Alberta Premier Danielle Smith in Calgary last Friday.Todd Korol/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountJohn Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods.Mark Carney knows what he’s talking about when he draws analogies between the Brexit referendum and Alberta’s separatist vote. After all, he was there. So was I – in a meeting in Cambridge, England, the day then British Prime Minister David Cameron announced his fateful decision to hold a referendum on whether the United Kingdom should leave the European Union.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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