There are a number of ways down for countries looking down the maw of demographic oblivion and globalization’s collapse, but they all share something in common: reduced interaction means reduced access means reduced income means fewer economies of scale means less labor specialization means reduced interaction. Shortage forces people—forces countries—to look after their own needs. The value-added advantages of continuity and labor specialization wither. Everyone becomes less efficient. Less productive. And that means less of everything: not just electronics but electricity, not just
...more
