Earlier quoted context omitted.
> They want to distinguish themselves and buy the feeling of authentic life and values. More than this, I think there is a substantial portion of consumers who aren't as much attempting to distinguish themselves as they are realizing how important their dollar vote is. Buying from a small or local farm keeps money circulating locally (ideally). When there is a community of local businesses, this becomes amplified. It…
Questions to someone with more economics knowledge than me: I understand the sentiment and intuitive reasoning behind this argument (I find myself thinking it every week when I go to the local farmers' market!), but is there evidence that "buying local" actually increases the local standard of living? And a followup: if it does increase the local standard of living, would this behavior, if duplicated in all communiti…
Susan Steed, one of the co-founders of the Brixton Pound explains a bit more in this TEDx video [1]