I think many people like the idea of decentralized in principle, but when the centralized power shares consequences for the decentralized mismanagement, people

I think many people like the idea of decentralized in principle, but when the centralized power shares consequences for the decentralized mismanagement, people tend to get pissy (see EU financial crisis woes with Greece and friends, or USA state/municipal budget problems of past few years..). Perhaps these are problems solved with policy though?