Decentralised Agreement

Nobel laureate Friedrich von Hayek pointed out that free markets are themselves decentralized systems where results are produced without the explicit agreement or coordination of individuals using prices as a guide. [125] Eleanor Doyle writes that “decision-making in free markets is decentralized among all individuals dispersed in each market and is synchronized or coordinated by the price system.” The individual right of ownership is part of this decentralized system. [126] Hayek analyzed central government control problems and wrote in The Road to Serfdom that decentralization is often based on the principle of subsidiarity. It states that the lowest or least centralized authority, capable of effectively tackling a problem, should do so. According to one definition: “The decentralization or decentralization of governance is linked to the restructuring or reorganization of authority, so that there is a system of co-responsibility between governance institutions at central, regional and local level, in accordance with the principle of subsidiarity, which increases the overall quality and effectiveness of the governance system, while strengthening the authority and capacity of subnational levels.” [33] Leopold Kohr, author of the 1957 book The Breakdown of Nations – known for his statement “Whenever something goes wrong, it`s a little too big” – had a great influence on E.F. Schumacher, author of the 1973 bestseller Small Is Beautiful: A Study of Economics As If People Mattered [17] [18] In the years that followed, a number of bestsellers have encouraged decentralization. Centralized management structures can lead to greater uniformity across the organization, with each division using standardized procedures. Some privatization may be better suited to an urban area than to a rural area; Some types of privatization may be better suited to some states and provinces, but others may not. [57] Decentralization continues across the industry, for example because the decentralized architecture of wireless routers installed in homes and offices complements and even replaces relatively centralized, long-range mobile phone antennas. [153] In an interview with LA BBC Radio 5 Live, one of Redecentralize.org`s co-founders said that fiscal decentralisation can be achieved through user fees, user participation through cash or labour contributions, an increase in local property or turnover taxes, intergovernmental transfers of taxpayers` money from central government to local governments through transfers or grants and approval of municipal loans with national state credit guarantees. . .

.