It is in continental Europe that the consequences of bungling by mainstream elites are perhaps the most damaging. The decades-long march toward a united continent, led by the parties of the center-right and center-left, created a Western Europe in which there was a single currency and monetary authority but without the political, fiscal and banking union that would make it possible for imbalances between those countries to work themselves out without the benefit of currency fluctuations. When it all came to a head from 2008 to 2012, national leaders were sufficiently alarmed by the risks of budget deficits that they responded by cutting spending and raising taxes.
Power is not a right; it is a responsibility. The choice that the Scots are making on Thursday is about whether the men and women who rule Britain messed things up so badly that they would rather go it alone. And so the results will ripple through world capitals from Athens to Washington: People don’t think the way things are going is good enough, and voters are getting angry enough to want to do something about it.