Indeed!

The problem comes in with debt based fiat.

Like, Walmart makes money on the difference in inflation between when the borrow and when they sell.
How do you compete with that?

China has been seriously subsidized. They can make stuff cheaper, because someone is paying.

With crypto and robotics, the local small manufacturer will have a huge advantage.
And, the most important part of what you said, is that the money flows in the local economy. That flow makes everything better.