"Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned--and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage...

This essay is adapted from the author’s book Homecoming: The Path to Prosperity in a Post-Global World, published by Crown in October 2022. It looks at how and why localization, regionalization, and decentralization will characterize the postneoliberal world