It is the nation-state, the national unit, that is able to honor the covenantal bond.
We need nations to administer the gift of natural resources as well as the gift of seigniorage. Absent the nation-state it becomes difficult to recognize the challenges of abundance nor can we build the institutions we need to administer those challenges.
It is fitting that natural resources are the source of abundance in the real economy while seigniorage is the source of abundance in the virtual economy.
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