Get ready for it: Another economic collapse is coming.

[Selatius]

28. I don't believe such a shift can be done very easily for many nations.

Take the US, for instance.

It's an economy that is now very heavily dependent upon imports from countries like China and India and other places in the world where mass production is done. If the US were to shift to a localized system, it basically just enacted a policy of "autarky," where the goal is the emphasis of domestic production and self-sufficiency. To do that would essentially mean re-inventing the infrastructure, skill sets, and trouble-shooting know-how needed to resurrect and run the entire industrial capacity of the United States that existed in the 1940s all the way through the 1970s. As it stands, the US can't even produce consumer electronics at a level to meet demand without heavily relying upon China.