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Sean's avatar

listening to the rest of it now. Very good.

THIS IS NOT THE UNITED IRELAND / BREXIT WE VOTED FOR!

That should be the no campaign billboard I think.

Is the deficit any difference to other subventions?” is the great question Chris. Well done: Nice and open.

The reality is it is! Northern Ireland’s economy is a basket case and the political mess is even worse. It’s time to face reality: it’s not a real country: it’s a DMZ. A peace project that needs funding from a the UK, considering it’s their mess.

The mad thing is the economics is so strong it’s outweighing culture. There can’t be many instance of this. I’m from a big IRA family background but I can’t be delusional when thinking of what is best for the next generation.

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Jim Power & Chris Johns's avatar

Nice soundbite. You should be a SPAD.

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Jim Power & Chris Johns's avatar

Culture trumps everything. Sometimes with a capital T! The vote for unity will pass, whatever the cost? Maybe.

I don't think many people actually realise how poor is the NI economy: its fiscal position is twice as bad as that of Greece's at the peak of that country's debt & default crisis.

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Sean's avatar

Hi lads. Delighted to see a podcast on this topic because I think public opinion in the republic will be swayed once the less economically literate get a clear tangible picture of just how much we’re talking about here.

I’m writing this as I listen so apologies if this gets covered later on.

One counterargument that pops up is that the northern Irish economy will grow post unification. As you are well aware I’m sure, an impossible argument to either back up or to fully rebut. But I will give it a shot.

Much of the republic’s economic success is built on the multinational sector choosing the republic ahead of other EU states to invest in. At least some of Northern Ireland’s economy is built on the spill over effects from that economic activity in the republic, so they already benefit from this to some degree.

How dubious an assumption is it to say if we expand Ireland’s population size by 50%, we will in the aftermath attract 50% more multinationals required to deliver the same economic model to Northern Ireland? I think if we were capable of attracting 50% more multinationals into Ireland we would have done so by now already. Where will this growth come from?

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Jim Power & Chris Johns's avatar

Thanks Sean. Your point about growth is absolutely right. I emphasised it in a subsequent pod. Growth initiatives most often fail. Or fizzle out. Or, less frequently, they work but only after decades have passed.

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