Independence, to do what?
- Published in Articles
Up until today, the debate on the economic impact of an eventual independence of Catalonia has centered itself in an almost exclusive manner on two issues: the dividend that an end to the fiscal deficit with Spain would mean, and the cost of a possible boycott of Catalan products. These are, without a doubt, two important factors and they must be taken into account when evaluating the economic profitability of independence. But the emphasis on these two issues reflects an attitude similar to that of a passive investor or stockholder who focuses solely on how their shares or dividends might increase or decrease after a business has changed hands. This attitude would contrast with that of the investor who is actively involved in a company, and who recognizes that they have been given an opportunity to have an influence, through their decisions, on the profits the company will generate and, thus, on the return on their investment. (+)