States don't compete nor truly fail in our current environment. They are constantly bailed out and subsidized by the centralized banking entities. There is no true sovereignty at the moment and that's the problem. The people control the money control us.
You sure about that? Because not too long ago, I heard some workers revolted, got rid of their CEO, and found a new one.
Now if you don't mind, I'm going to go listen to Bohemian Rhapsody while making some Free Tibet signs.