I think we are definitely heading towards a decentralization and democratization of global power and that's going to be very painful. It is easiest to hit it economically first, because it fucks the lowest class first and upper last. Eventually it smooths things out and becomes a better way, but there is a lot of pain between now and then.
I honestly don't know if this will end up happening. It seems like a pretty half baked idea that some dudes came up with while stoned. It could also be one of the best things that have ever happened to the world economy. What is the end-result going to be? Time will tell!