Buy lo­cal

Seaway News - - LIFESTYLE - PER­SPEC­TIVE

We all hear the typ­i­cal Cham­ber of Com­merce slo­gan, “ buy lo­cal... keep the jobs at home.” At first blush this sounds log­i­cal and al­most “ pa­tri­otic,” and in many cases, it’s quite rea­son­able and ap­pro­pri­ate. If I can buy lo­cally grown veg­eta­bles at a lo­cal mar­ket, I get fresh­ness and with less trans­port in­volved; it’s the “ green” thing to do. The price, pre­sum­ably, is also com­pet­i­tive.

This lo­cal idea goes off the tracks, for ex­am­ple, with lo­cal gov­ern­ment pur­chases. If a lo­cal gov­ern­ment or school board gives too much pref­er­ence to lo­cal firms, they will end up pay­ing higher prices. If the coun­cil gets a rep­u­ta­tion for be­ing “ homers,” firms will stop bid­ding. With less com­pe­ti­tion the re­sult is higher prices and thus higher taxes.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.