4 ms·

I think it’s also about keeping the wealth/supporting the relevant skills in your own community. Saving a dollar here and there helps an individual a little but

I think it’s also about keeping the wealth/supporting the relevant skills in your own community. Saving a dollar here and there helps an individual a little but the community gets damaged in the long run. And the individual suffers in the long run too.

DiogenesKynikos 3y ago
Whether the community is hurt in the long run is a complicated economic question involving many factors. Specialization is one of the most important motors of economic development. Not every community can or should try to produce everything.