While I agree with the article in principle I think such a move is years away. Back in the 30s FDR and his cronies figured out when you have a group of people who are broke, unemployed, and hungry for a long period of time your government is in danger of being overthrown. It happened all the time in South America since the 1850s. That is why FDR created the federal welfare state and social security. The communists were way more popular than the fascists in the US in the 1930s and FDR rammed the "new deal" through the same way the patriot act was. He didn't do it because he cared about people, he just didn't want to end up like the Tsar if a communist revolution happened.
I think once it begins ,for the most part it has, it will be a chain reaction that even gibbsmedat cant fix. The problem is there will be drastic supply shortage because countries will stop trading with the US whos worthless fiat is just a projection of a country that does not produce anything. In the 1930's people were much more self sufficient and could actually produce enough to keep moving forward without government intervention. Whats happening now is going to be much worse. Because the shortage could only be rectified by domestic production yet a solid 85% of people arent capable of producing anything even if they had to in order to survive. UBI programs cannot correct for physical shortage only a population capable of out producing the shortage can rectify it.
I am not saying it won't happen, but I think it's a couple of years off. Way sooner if China and NK go after SK and we're forced into World War III. They will be rationing shit here wholesale. Now we can produce everything we need here and there will have to be a massive cost of living adjustment (going down) so everything is affordable if the US and the EU cut themselves off from the rest of the world.
Im not sure we can produce everything we need here anymore. We have the raw materials but the mind and spirit are whats lacking. To spin up industry will take 10-20 years maybe longer. A lot of stuff has to be rebuilt and a lot of knowledge was lost and processed materials will be hard to find. The problem is the shortage will kill you now. It wont wait for 20 years while you rebuild.
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