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> buying locally strengthens the domestic economy whereas importing weakens the domestic economy. That reasoning is flawed as a general principle I don't see h
by baud147258 7y ago
> buying locally strengthens the domestic economy whereas importing weakens the domestic economy. That reasoning is flawed as a general principle
I don't see how it's flawed as a general principle, even if it could be true in specific cases or circumstances (like your local economy moving up the value chain or becoming more productive and more competitive).
- fauigerzigerk 7y agoEconomies moving up the value chain and becoming more productive is not a special circumstance. It's the most fundamental force of economic progress and prosperity. That's why acting in a way that weakens this force should be a rare exception rather than the rule.