Some years ago, Devolve’s Mark Kinzley wrote about the devolution of the economy:
“The globalised economy is the export and import of products across the planet and between regions within the same nation-state. Its values are ‘economies of scale’ and ‘the principle of comparative advantage’: that each region should concentrate on producing those things that it is ‘best at’ and then trade for everything else.
“Economic devolution is the rejection of economies of scale and of the principle of comparative advantage. It is production within a region to meet its needs, by means of maximum diversity of production.”
He advocated shortening the length of supply routes for materials and marketing produce mainly within the region, continuing:
“In order to manage the economy decisions have to be taken where the economy is; if the economy is national, the devolution of ‘political power’ to regions will be a charade. The real power will still lie nationally. If the economy was devolved to the regions, political power would have to follow it . . .”
Kinzley advocated replacing the goal of perpetual growth of GDP by the goal of a steady-state economy, requiring a different form of business with an aim other than expansion and a regionally based education system, bringing up people with more autonomous attitudes, comfortable in co-ops etc . . .–