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marcusverus | 28 days ago
It's true that centralization of political power can bring economic benefits, but the economic benefits stem from the elimination of economic/trade friction, not directly from the centralization of power per se. Which is to say that (most of) these economic benefits can be had without incurring the non-economic costs of political centralization.
ethbr1|27 days ago
Consequently, industry in 1 of those 100 units is always going to be outcompeted, at scale, by industry in the 100x as big entity.
Given more or less global free trade, that leaves the smaller entities economically competitive at... what? Why wouldn't business inherently flow to larger entities?
marcusverus|14 days ago
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...