Decentralization and democracy: Three centuries of debate


17 Sep 2023 4:00 PM

Decentralization has been at the heart of the American political experiment since 1776—for better, and for worse....

  • On September 17th, 1787, delegates gathered in Philadelphia to replace the failed Articles of Confederation with the United States Constitution.
  • The Constitution aimed to build a functional government that avoids autocracy and has been successful in decentralizing power.
  • However, it is ironic to see the United States becoming a global superpower that some view as a tyrant.
  • The 2008 financial crisis led to criticism of centralized financial systems and governments, sparking the blockchain and cryptocurrency movements.
  • Decentralization is seen as a way to ensure transparency, reduce power abuse, and democratize access to finance and political power.
  • The United States itself is now facing a push for decentralization.

The sentiment in the article is mixed. It highlights the success of the United States Constitution in decentralizing power and promoting greater liberties. However, it also criticizes the United States for becoming a global superpower and suggests a need for decentralization.

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You May Ask

When did the delegates gather in Philadelphia to replace the Articles of Confederation?What was the result of the intense summer debate surrounding the United States Constitution?What led to the criticism of centralized financial systems and governments?How does decentralization benefit society according to the blockchain and cryptocurrency movements?What is the current push for decentralization in the United States a response to?

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