[lxdesk]

I think the probable reversal of the cycle is:

1. Towns revise their taxation and zoning laws so that more classes of business are permitted in residences. They also start issuing more forms of local credit(the technical means to do so are only getting better), excluding big-box participation and restarting the cycle of capital accumulation locally.

2. Costs are lower and incentives are now aligned for more small businesses to survive in marginal areas.

3. Big-box stores increasingly become commodified and unbundled, themselves; the shift from Main Street to Wal-Mart to Amazon is one of the warehouse turning into a store and then back into a warehouse. The services of shipping logistics and delivery become less of a centralized process. Now the local businesses are using the big-box to their benefit.

The reason why Wal-Mart succeeds is ultimately premised on policies that let capital centralize itself according to a national and global framework. But that's only one way of "seeing" the economy, since following that policy, as we know, creates a mix of expensive star cities and dying no-hope towns. It's improbable that the future will simply be a restatement of the post-1970 trends, given what we know about history - something will change.