It's the process where social, political, or cultural meaning is rooted in some context. It's a state of stability and boundaries. For just the economic, the geographic would likely be the centroid of that, but the other vectors are not irrelevant.
One could argue that we suffer to the degree we are deterritorialized, because the effects thereof are alienating. So, we need structure that aligns both our economic and psychological needs. What we have is subordination to the machine, which will do what it's designed to: optimize for its own desire, which is machinic production.
Note that none of this is inherently good/bad. Like anything, a choice has trade-offs. We definitely get more production within the current structure. The cost is born by the individual, aggregating into the social ills that are now endemic.