To add to this, local production means that money can be moving through local financial institutions, with larger balances, which provides more liquidity to the community.
Those financial institutions hire local people. Other local businesses use the same financial institutions.
It's not about "simple economics". This isn't a supply and demand curve. It's about what a higher cash flow/economic output can mean for the subjective quality of life in a community:
- More jobs
- Higher wages
- Improved public services (schools, roads, healthcare)
- Increased property values
Tons of people in these comments talking about the shitty rural experience while seeming to miss the irony in "big cities are so much better" -- big cities started as small cities.
Those financial institutions hire local people. Other local businesses use the same financial institutions.
It's not about "simple economics". This isn't a supply and demand curve. It's about what a higher cash flow/economic output can mean for the subjective quality of life in a community:
- More jobs - Higher wages - Improved public services (schools, roads, healthcare) - Increased property values
Tons of people in these comments talking about the shitty rural experience while seeming to miss the irony in "big cities are so much better" -- big cities started as small cities.