Wellington businessman Jim Donovan celebrates the end of the ‘Buy Kiwi-Made’ campaign with a cracking post that thoroughly explains how, to the extent such a campaign would have been successful, we would have succeeded only in making ourselves poorer.
As Frederic Bastiat so convincingly demonstrated decades ago, "it is better to buy from another what it would be more costly to make oneself." That remains true whether than someone else comes from our village, our city, our country or the other side of the planet. What we save in buying cheaper allows us either to buy or produce even more. If we spend ten dollars on a Chinese T-shirt instead of forty on the locally-made equivalent, we have thirty dollars in our pocket to buy a book, a CD, or dinner for two at Middle East Cafe. Which means that the economy (and ourselves) is richer by that book, that CD or that dinner. Everybody wins.
‘Buy Kiwi-made’ made sense only to those who never look further than their own nose when formulating or commenting on policy.
Donovan does however leave out one reason to celebrate the campaign’s demise: less time in our lounges for louche loser Oliver Driver.
That’s got to be something to celebrate, whatever your political views. Read his post.