The Ideal Society
You have read about how ancient Indian empires used the economic strategy of buying local, you have read about the overseas culture of buying local, you have read various facts about it and about how it can benefit you as a customer. You have read about how it can improve the country’s economy as a whole. You have read about its pros, and its cons.
Today - you guessed it - we are going to imagine the ideal society that implements this strategy. It’s a society where every person does all that is in their ability to promote the local economy. It is the cumulation of what has been discussed in so many of our earlier blogs.
But let’s be real, no society can flourish without foreign trade. There are geographical barriers to products an economy can produce locally. There are demographic barriers to services an economy can generate locally. That is what makes foreign trade and outsourcing such essentialities. Participation in the global economy has an irreplaceable place in economics.
Our ideal society also engages in imports and exports. Foreign trade is what makes it prosperous through a positive balance of trade. It is similar to most countries in that sense. However, it is different in the sense that it has a steadier economic growth. It is more resilient to global economic influence. It has the ability to survive on its own for long, even in times of economic distress or economic cut-off due to unfair taxation. Small local businesses that are the backbone of this economy can stand strong for long enough until the situation gets back on track. It is the strategy that ancient empires used when caught in a siege, and it is a strategy that our ideal society uses to get through tough times of supply-cutoffs.
Our ideal society is fiercely independent, and has rapidly-growing infrastructure. It is a society with wide-ranging economic activities including long-lost handicrafts, art, textile and much more. It is well-connected and even transportation induces internal circulation of money.
From the point of view of a small startup, it is a great opportunity to bring its product into the market. The ability to rely on one’s local community for support is something every entrepreneur aspires to have. Our ideal society is a great place for startups to enter and compete in the market, and flourish.
In addition to this powerful resilience, our ideal society showcases well-connected people. It is a society where residents residing in the same area know each other better, and everyone has a sense of belonging to their community. A sense of belonging involves more than simply being acquainted with other people. It is centered on gaining acceptance, attention, and support from members of the group as well as providing the same attention to other members.
In Abraham Maslow's hierarchy of needs, belongingness is part of one of his major needs that motivate human behavior. The hierarchy is usually portrayed as a pyramid, with more basic needs at the base and more complex needs near the peak. The need for love and belonging lie at the center of the pyramid as part of the social needs. These feelings have a direct link to a happier and healthier society. This in turn has shown to lead to a better-performing and powerful economy.
In conclusion, it is an economy which is fundamentally built for rapid growth. It is an economy where small emerging businesses and start-ups have an equal opportunity to succeed. It is a society that residents love living in, and it is a society that foreign investors love investing in.
It is the ideal society.