France’s parliament on Thursday backed a string of measures making low-cost fast fashion, especially from Chinese mass producers, less attractive to buyers.
France’s parliament on Thursday backed a string of measures making low-cost fast fashion, especially from Chinese mass producers, less attractive to buyers.
There’s a lot of protectionism though.
Like this will drive higher inflation.
Inflation does not seem worse over there than in "free for all"© capitalism in the USA
PS: to be fair, USA is very protectionist as well, it’s just they only protect the 1%
I’m having good laugh watching Americans call everyone protectionism but passing a law to force foreign company to sell their social media to an US company.
I’m not American. And yeah it’s a shame to see the US abandoning free markets and freedom.
Did they ever have those?
A tax like this will make the prices of some goods go up. Such price increases are measured as inflation.
This is a highly regressive tax. It’s 50% on certain items below 5 EUR (soon 10) and less for items above that. Over the price, the rate goes down. For items at 50 EUR (100 EUR), it is only 10%.
Making cheap clothing in particular more expensive doesn’t sound much like looking out for the 99%.
Well none of the measures to curve rampant consumism lead to cheaper prices
I was happy to hear the side of slowing down “fast fashion” because it is Hot garbage
But you are right, there are more aspects to this issue
Here is an alternative Piped link(s):
Hot garbage
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This is France protecting the 1%.