Radical Decentralization Was the Key to the West's Rise to Wealth and Freedom

The belief that political centralization promotes economic growth is challenged by the historical evidence, particularly in the case of Europe. Europe’s economic success and technological advancement can be attributed to its political decentralization, where competing powers and jurisdictions allowed for the flourishing of private enterprise and the diffusion of best practices. Decentralization limited the power of ruling classes, attracted capital, and protected private property. However, recent trends of political centralization in the European Union and the United States have led to stifled innovation, increased regulations, and trade barriers. Despite the benefits of decentralization, those in power are unlikely to relinquish their control easily.