Politics

Suddenly, the case for Scottish Independence looks incredibly strong

Read in app
Theresa May and Nicola Sturgeon
Theresa May and Nicola Sturgeon  WPA Pool / Getty

When Scotland held its first independence referendum in 2014, the case looked weak.

The country's economy isn't that big, it was dependent on dwindling oil and gas revenue, Scotland wasn't really "oppressed" by British rule, and its population is smaller than Greater London.

In hindsight, it was not surprising that the Scottish chose to stick with the devils they know, by a margin of 55%-45%.

But Brexit will change the entire constitutional and economic basis of the Britain. Now, little more than a year after the 2014 referendum, Scotland is being asked to give up all its European rights and powers, to give up the EU Bill of Rights, and to give up the right to appeal court rulings all the way to the European Court of Justice.

It's also being asked to give up its access to the Single Market, to give up its rights in the Customs Union, and to give up membership of the EEA.

A majority of Scots voted to stay in the EU — 62% to 38% — and now they are all being dragged out against their will. They made one constitutional choice and are having another forced upon them.

You can see how this doesn't feel fair.

This is literally not what they signed up for in 2014.

Suddenly, independence looks like a lifeline for Scotland.

It could let the country re-enter Europe relatively quickly, assuming other countries like Spain — which wants to prevent the independence of Catalonia — allow it in.

And it would hedge Scotland's economy by giving it two horses to ride: The British economy (still the world's fifth largest economy and the second-largest in Europe) and Europe (probably via adopting the euro).

So now the logic for a referendum is much stronger. In 2014, it was weak: There had been only positive changes for Scotland leading up to it, with many political and legal powers being devolved into the Edinburgh parliament. Scottish MPs actually had more power than English ones because the English MPs don't vote on Scottish matters in Westminster but the Scots do.

Former prime minister David Cameron risked the breakup of the UK in 2014 and won. When he left office Great Britain remained intact.

Current Prime Minister Theresa May now has a more difficult path to climb. She could win Britain's independence from Europe but that might come at the cost of losing this thing we call the "United Kingdom."

And then, of course, there is Northern Ireland ...

This column does not necessarily reflect the opinion of Insider.

Read next

Jim is the former editor-in-chief of Insider's news division.Previously he was the founding editor of Business Insider UK.He has also been managing editor at Adweek, an advertising columnist at CBS Interactive, and a Knight-Bagehot Fellow at Columbia Business School. His work has appeared in Slate, Salon, The Independent, MTV, The Nation and AOL.His investigative journalism changed the law in the US First Circuit Court of Appeals (U.S. v. Kravetz), the Third Circuit Court of Appeals (North Jersey Media v. Ashcroft), New Jersey (In Re El-Atriss), and New York State (Mosallem v. Berenson).The US Supreme Court cited his work on the death penalty in the concurrence to Baze v. Rees, on the issue of whether lethal injection is cruel or unusual.He won the Neal award for business journalism in 2005 for a series investigating bribes and kickbacks in the advertising business.Here's a selection of his past stories:   • The alleged betrayal in these photos, texts, and emails cost Snapchat $158 million   • Inside the conspiracy that forced Dov Charney out of American Apparel   • The Evolution of Ev: The creator of Twitter, Blogger, and Medium has a plan to fix the mess he made of the internet   • THE "KNOCK-IN SHORT": Nigel Farage and the massive bet against the pound on the night of the Brexit vote   • eBay worked with the FBI to put its top affiliate marketer in prison   • How Dunkin Donuts ended up hiring a psychotic credit card thief as director of communications   • BEJEWELED: The definitive, illustrated history of the most underrated game ever   • The CEO of Publicis told us how he stared down a furious internal rebellion to bet the future of his $11 billion company on artificial intelligence   • FBX: The billion-dollar Facebook business that never happened   • The €150 million check-kiting scam that bankrupted Leo Burnett in Greece   • My Polaroids of the September 11 attacks led me into America's secret court system for terrorist suspects   • YouTube deleted 130 rap videos to help police fight street gangs responsible for thousands of stabbingsDisclosure: I own shares of Twitter (TWTR).