Emeritus Prof Christopher May on Nostr: npub1kr8z9…x8hcd So there are two elements here; the mono;oy functions of the satte ...
npub1kr8z9thp2m6pp33h2jdk3gcezklg6a60l7n0whl3qq6puzptwsnqnx8hcd (npub1kr8…8hcd)
So there are two elements here; the mono;oy functions of the satte (such as the legitimisation of money creation via the BoE) & the geographic distribution of state functions.
There are some clear functions of satte that can only be delivered by a centralised agency, but it does not need to be located in London.
So decentralisation, can involve functionality & location, for many things this may be both, but for some as you point out, it may be just the latter
So there are two elements here; the mono;oy functions of the satte (such as the legitimisation of money creation via the BoE) & the geographic distribution of state functions.
There are some clear functions of satte that can only be delivered by a centralised agency, but it does not need to be located in London.
So decentralisation, can involve functionality & location, for many things this may be both, but for some as you point out, it may be just the latter