"Large-scale corporate enterprise has brought humankind much material comfort in two centuries but at the price of fantastic unintended consequences (externalized costs) ranging from the destruction of local communities to climate change. Large-scale corporations will be vulnerable to the collapse of capital formation markets that must accompany the end of the cheap oil fiesta. Corporate enterprise can certainly be reorganized on the small, local community scale, but it will not be the same as . Corporate enterprise in the Long Emergency may revert to being more public in nature and far less sovereign in power. There may be one exception: The most visible… corporate organization that might survive the Long Emergency may be the church. Whether Catholic or Pentecostal or something new we haven't seen yet; the church won't have to rely on oil supplies. Organized religion doesn't have to traffic in awkward material products, only in beliefs, and it can operate at many scales simultaneously. Because American culture is constitutionally allergic to religious governance, we may have problems if churches are the only large organizations left standing—that is, assuming we still have the same constitution."