Money given to a megacorp leaves the local economy, leaving the local area poorer, overall. Money given to your neighbors stays in the local economy.
A well-off local economy supports more things than a poor one. Local seed & feed shops are a start, but think of every other business that might be part of a small town: grocery stores, bookshops, art galleries, clothing, musicians, movie theaters, children's party entertainers, furniture makers, car dealerships, repair shops... how many of these things used to be made locally, and are now made by people working under dubious conditions somewhere in Asia, then shipped across the world at a huge, but completely-ignored cost to the environment? How many local shops has Wal-Mart ruined by being large enough to cut predatory deals with suppliers that let them sell stuff below any sane price point? How much money left the entire US economy for Jeff Bezos' pockets during the pandemic?
Keeping money in the local economy leads to better-off neighbors. Better-off neighbors are less likely to resort to criminal acts to feed your family; better-off neighbors are more likely to be able to help you out if something bad happens.
The metaphor that comes easily to mind is water: each local economy is a pool, with the locals the fish swimming in it. Buying stuff from a megacorp may be cheaper in the short run, but every time you do that, the corporation is pumping a bit of the water out of your pond and putting a little of it in their pond, far far away, and most of it in their giant storage tank even further away, where it sits, unused. Ultimately your pond dries up and either you leave for a larger pond that hasn't been sucked dry by corporations, or you end up baking in the sun and dying.
I agree with most of your comments. I would like to add that a LARGE chunk of rural (truly rural) economic rely heavily on Big Ag and selling those products.
From co-ops to seed dealers, chemical dealers, people to apply and plant these chemicals and seed. Equipment (Deere, Case)...if these people vanished, rural america would suffer GREATLY. Locall replacements for these jobs/companies is not clear to me.
A well-off local economy supports more things than a poor one. Local seed & feed shops are a start, but think of every other business that might be part of a small town: grocery stores, bookshops, art galleries, clothing, musicians, movie theaters, children's party entertainers, furniture makers, car dealerships, repair shops... how many of these things used to be made locally, and are now made by people working under dubious conditions somewhere in Asia, then shipped across the world at a huge, but completely-ignored cost to the environment? How many local shops has Wal-Mart ruined by being large enough to cut predatory deals with suppliers that let them sell stuff below any sane price point? How much money left the entire US economy for Jeff Bezos' pockets during the pandemic?
Keeping money in the local economy leads to better-off neighbors. Better-off neighbors are less likely to resort to criminal acts to feed your family; better-off neighbors are more likely to be able to help you out if something bad happens.
The metaphor that comes easily to mind is water: each local economy is a pool, with the locals the fish swimming in it. Buying stuff from a megacorp may be cheaper in the short run, but every time you do that, the corporation is pumping a bit of the water out of your pond and putting a little of it in their pond, far far away, and most of it in their giant storage tank even further away, where it sits, unused. Ultimately your pond dries up and either you leave for a larger pond that hasn't been sucked dry by corporations, or you end up baking in the sun and dying.