Nor do I doubt that Scotland could become an admired, prosperous, and self-governing country along the lines of New Zealand. But to get there it has to behave like New Zealand, which restored viability with the shock therapy of “Rogernomics” in the 1980s after the country’s over-regulated and over-taxed economy ran aground.
Within a decade the country had turned itself from the closed interventionist state of the Muldoon model into the poster child of free market globalism, with a floating currency to take the strain.
Much of Murphynomics is indeed Muldoonism. At that level of regulation and direction – subsidy here and there etc – in detail it is at least. Equally something that doesn’t work…..