I think that if deflation is ahead, this is the best climate for local/regional/internation ('network" local) economic development, in conjunction with development of formal sharing and commons. Participants in the US economy with surplus capacity are more likely in this climate to take a chance at modifying and re-working surplus capacity towards local/regional/internation ('network" local) economic and commons activity.
http://www.counterpunch.org/whitney04182011.html
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