Scotland’s position should shock you.
We are almost exactly as wealthy as the eurozone countries but we’re exporting wealth at twice the rate of even the most indebted poor countries.
Scotland will need a major industrial development strategy to recapture significant ownership of the Scottish economy.
For example, we must (I mean must) take energy into Scottish ownership, especially ScotWind. We should pass a law meaning that no company can own more than say three Scottish whisky distilleries and fund management buy-outs from the Investment Bank.
We should create a national mutual bank (or mutualise RBS) to create a proper Scottish-owned bank.
It is going to mean a bold, expansive strategy which does all the things that Scottish Enterprise disproves of. It means giving up our suicidal obsession with Foreign Direct Investment. It means a Scottish First economic development focus.
We have become the worst in the world. It is a shocking state of affairs and it can’t be wished away. We can change course now, or we can change course when the economic realities of this hit after independence. The former would be an awful lot easier.
What we should not do is accept this. We have been asleep at the wheel. We need to take a grip. Now.