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If the UK manages to extricate itself from the rentier economy model it has pursued while an EU member, and adopt an industrial policy based on innovation and rising productivity growth, that could work.
Münchau has been hoping for this since the Brexit vote (before, he campaigned for Remain) it's taken him over a year to conclude that
The trouble is, I see no signs of that happening.
I think he still believes reversing Brexit would lead to violence. I suspect before he would have argued that the Norway option counted as reversing Brexit, politically. I guess by the time the second anniversary of the referendum comes around public debate in the EU will have shifted enough to make the EEA option acceptable. Maybe.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Nov 8th, 2017 at 11:46:20 AM EST
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