Quote:
Originally Posted by Acajack
The "small is beautiful" argument is something that is occasionally trotted out by Quebec separatists.
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I think they would be right, except that the Pequistes never wanted to go all the way.
IIRC, the idea in the 90s was to separate from Canada, but maintain the Canadian dollar and Canadian passports (so, by extension, some shadow of Canadian foreign policy). This would have been the mistake. Quebec should have been able to set at least its own monetary policy.
Bringing this post back to the original thread topic, one of the reasons why Canada has been so successful in history is that it benefits form being a small state that sets its own monetary and foreign policies, but ties itself economically to a large market across its border. It's sort of the same with non-Eurozone/non-EU Western European countries like the Nordic countries.
The debacle of EU states like Portugal, Ireland or Greece is that they are independent states that don't have their own currency or set their own monetary policy. I don't think Quebec would have been as badly off as Greece, but it's never good to have another country that doesn't have to answer to your electorate set the conditions upon which you can do trade.