I was reading with interest the other day in Bloomberg Businessweek about a prominent politician who favors the flawed (but hip!) fad of “buy local” — whereby people pretend they are living in the middle ages and just buy things from local producers.
This politician believes so much in the cause, and that buying local will improve the economy. A claim which is false.
This leader went so far to say “You must seek [locally]-made products…It’s in your hands, the hands of the people. When you consume, consume indigenously.”
This Businessweek article noted that a judge fined a smuggler $765 not so much for smuggling, but rather because this individual spurred this politician’s “directive on favoring local products over imported ones,” even going so far as to say: “Are you looking to annihilate [country’s] companies?”
Who is this brilliant, patriotic leader who knows so much about economics and world trade? Can’t we get this guy to join the ranks of Nobel Laureate Paul Krugman for great economic thinking? Shouldn’t our politicians be more like him? Can’t we get him a Nobel prize?
Well, despite the fact that this politician’s views would be popular among many on the American left, it seems he’s not so popular on the world stage.
Why? Because he is Grand Ayatollah Sayyed Ali Hosseini Khamenei of Iran.
Despite Iran’s horrible record on pretty much everything, we shouldn’t forget that Ayatollah Khamenei is a leading intellectual force behind the “Buy Local” movement. Who, among other politicians at his level, believes so strongly in the cause?
Don’t forget, dear readers, you should “Buy Local” because Ayatollah Khamenei can tell you that this policy works.