I wonder, what are wealthy people more likely to do: (1) but a hand made leather bag from a local hipster workshop (which I would do) or (2) buy a 10x more expensive Louis Vuitton bag which was probably made in a giant factory in China? And generalize to other goods/services.

(1) at least supports local economy while (2) supports limited number of middle men.

I'm not saying (2) is bad, but if it's only wealthy people spending their money only on imported goods then it is not good.