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.
European countries may not be perfect, but they do seem to have working governments that produce legislation not 110% beholden to economic interest of corporations
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%.