Economic localization offers the key to solving a growing number of global problems, including peak oil, climate disruption, and financial meltdowns. Yet the perception remains that this solution is very costly, because local goods and services supposedly are more expensive than their global alternatives.
In fact, local goods and services are already competing remarkably well in the marketplace—and they are likely to do better in the near future. This chapter lays out why cost effectiveness actually is a reason to embrace localization and argues that the only thing standing in the way of localization flourishing is, oddly, policy-makers committed to propping up increasingly noncompetitive global corporations.