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Home / Mike Norman Economics / Devolution or Decapitation? Decentralization and the War in Donbas — Elliot Dolan-Evans

Devolution or Decapitation? Decentralization and the War in Donbas — Elliot Dolan-Evans

Summary:
More neoliberalism gone bad.Overall, the main takeaway is that decentralization is not a silver bullet that occurs in an abstract environment. As in other contexts, decentralisation can worsen problems when pursued within insecure environments, where people are already marginalised and/or elite capture is rife, as in Ukraine. Despite promises that decentralization in Ukraine would reduce oligarchic power and empower marginalised groups, it seems these aims have not been met and may now, post-reform and with the 2022 Russian Invasion, be even more difficult to achieve. For Ukrainian decentralization to meet its laudatory aims, concurrent fundamental structural change must dismantle elite patrimonial-criminal nexuses, bring political and economic power to regular and marginalised

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Overall, the main takeaway is that decentralization is not a silver bullet that occurs in an abstract environment. As in other contexts, decentralisation can worsen problems when pursued within insecure environments, where people are already marginalised and/or elite capture is rife, as in Ukraine. Despite promises that decentralization in Ukraine would reduce oligarchic power and empower marginalised groups, it seems these aims have not been met and may now, post-reform and with the 2022 Russian Invasion, be even more difficult to achieve. For Ukrainian decentralization to meet its laudatory aims, concurrent fundamental structural change must dismantle elite patrimonial-criminal nexuses, bring political and economic power to regular and marginalised Ukrainians, and unravel violent capitalist relations.
Progress in Political Economy (PPE)
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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