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The future isn't usually "back to" anything.
I don't think so. Nationalism / security spheres are already making something else happen: trade segregation within blocs. I was spending a lot of time in Moscow when their 2014 EU sanctions hit and they banned all food imports - from their #1 source of fruits and vegetables. For the first months, the grocers had issues, but after 2 or 3 they started selling Peruvian fruits and vegetables (at a massive premium vs the formerly imported EU foods.)
This is the immediate future I foresee, where trade is no longer global, but politics limit free trade with (a growing list of) perceived hostile states. Intriguingly, I remember reading accounts that this was something that happened in Europe right before the 2 great wars. So that doesn't predict a great outcome in the mid-term.
I think that we have 2 markets at the moment:
- A goods and physical services market that is becoming more localized / dependent on diplomacy and regulations
- A digital services market that is becoming more internationalized and dependent on Bitcoin (and improvised semi-regulated stableshitcoins)
A goods and physical services market that is becoming more localized
I don't see this local shift in goods and services globally, precisely because they are under state regulations and therefore won't be localized. There's always someone in the world to supply the demand of people accustomed to products not produced and grown locally. It would be a major cultural break for social groups, and that's why I believe and see this happening more individually in remote locations.
Globally? I don't think so. People need to change their consumerist mindset and their expectation of easy access to resources for that to happen. In small regions? Yes, it’s already happening in places untouched by consumerism, and this trend is likely to strengthen as governments increase digital surveillance and control over their currencies. Bitcoin empowers these local communities.
local economies get sucked/tricked into fiat (codified non-sense), so over time the people living in the locuses on land spend less time tending to the land and more time pushing papers / scrolling & clicking (administrative tasks), thereby draining the land's resources - in other words, parasiting the world (whatever happens inside the flesh so happens outside the flesh);
etymology: locus
there is no future - there is only the now; if right now, in the immediate vicinity, one observes people tending to land, that is great; if one observes people going to a fiat job, that is satanism at work; more attention to land = more prosperity; more attention to fiat = more destruction; the universe is quantal, every hand sunk into the earth counts;
Nah. Globalization is way too big to ignore. You might get some local economy here and there, but it’s always tiny.
Do you think the future would be back to a local economy?