- May 9, 2014
- Santa Mira
- Basic Beliefs
I do my best to buy as local as possible for many reasons, but yes, because when I buy locally, the money stays in my community rather than gets shipped off to some entity somewhere else.
This is delusional. It is a delusion to believe that "the money" staying in the community makes the society or community better off. It's only the work done to produce wealth which makes the society better, not what is done with the money circulating, or where it is spent.
I don't see it as very different to actively look for minority owned businesses.
That too is delusional. Only a fool thinks he can rank businesses according to the identity of their owners, according to their race or religion or astrological sign and other phony criteria. The only legitimate criterion is the quality of the service/product and the price. Consumers should not be intimidated into feeling guilty for choosing what's in their individual interest, to satisfy their need for a product or service. To buy a product out of pity for the seller, rather than your need for it, is phony and pretentious. No one knows which companies or workers we should feel sorry for and buy from out of pity toward them, and which ones we should reject as outsiders or aliens not belonging to our club.
No, the place to spend your money is the place which offers you the best deal. It is phony to pretend that your spending choices are based on what's good for society.
By purchasing from LOCAL businesses, rather than businesses who sell and take their profits elsewhere, it makes a lot of sense to purchase from people within the community and to keep the money within the community.
No, it's a delusion that you make anything better by trying to keep the money from flowing outward, as if the money creates wealth by being restricted from flowing to the wrong place. It makes no difference if money flows to other places, as long as this is due to it being spent by consumers according to their free choices, to meet their individual needs.
Question: what is your opinion on illegal workers sending a significant percentage of their earnings as international remittances?
It makes no difference to the economy whether they spend it entirely in the host country or if they send it all abroad, or anywhere in between. If large sums flow to a certain location, it could cause price increases there, but that in turn generates more production/investment in that location and more flow of production there to take advantage of the higher prices. So a large influx of money into the location pushes demand up and attracts new production to meet the new demand.
That money definitely does not circulate in the local community.
It doesn't matter where the money circulates. All that matters is to ensure that buyers and sellers are free to make their choices, including the producers being free to operate wherever they can find a market, hiring anyone who wants to work at whatever terms agreed to by the producer/employer without interference from outsiders, such as government, and consumers having access to all the production happening anywhere. Letting them all be free to make these choices and move themselves or products to wherever it's profitable is what makes the economy better, and the nation more prosperous, regardless where or how far the money flows.