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by whynotmaybe 146 days ago
How would investing in locally produced stuff increase inefficiency ?
2 comments

If you pay someone 3x for work/service/product, x is the price and 2x is what you pay to encourage them to make/do the things instead of the people who could/would do it for x.

However, you're not paying 3x. I assume you're not really paying anything notably higher than x, right? So the encouragement is nearly zero.

Lack of scale or expertise (competitive advantage).