By Charles Hugh Smith of two minds.com
The Master Narrative Nobody Dares Admit
All centralized systems, open and shadow alike, act as heavy taxes on the society and economy. This is why they cannot compete with the forces of networked decentralization.
The primary “news” narrative may be the failure of the euro, but the master narrative is much, much bigger: centralization has failed. The failure of Europe’s “ultimate centralization project” is but a symptom of a global failure of centralization.
Though many look at China’s command-economy as proof that the model of Elite-controlled centralization is a roaring success, let’s check in on China’s stability and distribution of prosperity in 2021 before declaring centralization an enduring success. The pressure cooker is already hissing and the flame is being turned up every day.