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French lawmakers vote to slow down fast fashion with penalties
(www.france24.com)
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this post was submitted on 15 Mar 2024
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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%
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
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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?
This is France protecting the 1%.