This reminds me of the book by Kevin Carson titled New Homebrew Industrial Revolution. He outlines in the beginning of the book how modern economics depends on

This reminds me of the book by Kevin Carson titled New Homebrew Industrial Revolution. He outlines in the beginning of the book how modern economics depends on mass consumption due to our mass production systems. But if mass consumption can't be subsidized by cheaper interest rates or cheaper energy costs (as stated in the summary) then we're boned. Carson gives the alternative as a local industrial base that fits itself to local consumption similar to how flour mills operate. No need to force New York to consume as much as San Francisco.