The transition from an economy focused on domestic production to an economy focused on global exploitation takes plenty of time. In the case of the United States, it took a hundred years, from the first wave of American imperial expansion in 1898 to the temporary triumph of globalization in the 1980s. The transition the other way, though, happens a good deal more quickly, as a faltering hegemon generally gets shoved aside by rising powers rather than being allowed to decay slowly in peace. The aftermath of the Soviet Union’s collapse is a good working model here: once the Soviet system imploded, Russia suddenly had to do without the large subsidies it received from the rest of the Eastern bloc, and most of a decade of raw economic chaos followed as the Russian economy struggled to adapt to the task of meeting its own needs domestically. Soviet Russia, it bears noting, was much less dependent on overseas imports for goods and services than today’s America, so the post-Soviet experience should be considered a lower bound for what we’re in for.
The other pillar has similar implications. An economy based on the breakneck consumption of natural resources tends to concentrate influence in the hands of those who control resource flows directly or indirectly, and in today’s America, once again, these tend to be disproportionately members of the salary class. An economy based on the conservation of natural resources tends to concentrate influence instead in the hands of those who own sustainable resources such as land, or those who work directly with those resources; again, the conflict between owners and laborers determines the distribution of wealth and privilege in such societies. Transitioning from a conserver economy to a consumer economy takes plenty of time—in the case of the United States, the better part of two hundred years—while the transition the other way tends, once more, to be much more rapid once the resources run short.
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