Why, nobody knows, but one morning people woke up and stopped buying stuff. They started to make do with what they had. They learned how to look after it so that it didn’t lose its value.
When it fell apart they got it mended. Repair became big business and craft guilds returned. Quality control improved because consumers demanded things were built to last.
Buying less, people worked less and had time for hobbies they could turn into new work opportunities. People wanted more from their local neighbourhood: leisure activities, fresh produce, communal life.
The Year this began, everybody agrees, was 2017.
Image: Singularity Weblog