No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, January 9, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

The Fast Fashion Dilemma – Econlib

by TheAdviserMagazine
3 weeks ago
in Economy
Reading Time: 4 mins read
A A
The Fast Fashion Dilemma – Econlib
Share on FacebookShare on TwitterShare on LInkedIn


Shoppers are filling their carts, both literally and digitally, with last-minute gifts. One tempting purchase, whether for gifting or for showing up in style at a holiday sweater party, is ultra-cheap clothing from Shein. Like many around the world, the French hunt for deals in December.

During a recent interview with journalist Thomas Mahler, I learned that fast fashion has become a political flashpoint in France, the country known for haute couture. French lawmakers are considering measures aimed at threatening the economic viability of Shein, the Chinese company that dominates ultra-cheap clothing globally. 

Millions of French consumers shop through Shein regularly. Mahler asked me: Can politicians persuade consumers to buy domestically-made clothes instead, in a country with a proud tradition in domestic fashion? My reply was that this dilemma extends beyond France. Wealthy countries do not manufacture much apparel at home. It’s cheaper to produce at scale in lower-income countries, and residents of rich nations rarely aspire to work in garment factories. 

The French government’s proposed intervention is an “eco-penalty” on fast-fashion items, a tax that could eventually add €10 per garment. The purpose is to make French-made clothing more competitive while also discouraging the environmental excesses of disposable fashion.

Fast fashion generates garbage. Trend cycles in cheap apparel last for only weeks instead of seasons. Shein adds many new items daily, while a traditional French fashion house releases only a few designs each year. Much of the clothing is so cheaply made that it’s worn only a few times before being thrown away. Even charities struggle to accept donated garments because of the flood of unwanted clothes. Discarded polyester shirts pile up in landfills at best, or pollute rivers and beaches at worst. Synthetic fibers shed microplastics. These are real externalities. 

France’s approach thus combines modern environmentalism with a familiar protectionism. It may be politically easier to sell a tariff when it’s framed as discouraging “wasteful” consumption rather than only protecting domestic producers.

Revealed preferences, meaning the preferences people demonstrate through their actual purchasing behavior rather than their stated ideals, show that consumers want affordability and variety. That puts them at odds with protectionist policymakers. When a Shein dress costs €15 and a French-made equivalent costs €100, even patriotic consumers face a hard trade-off. The price gap reflects not just labor costs, but supply-chain efficiencies, economies of scale, and a fundamentally different business model.

Even if these measures succeeded in reducing the amount of clothing bought from Shien, would the French people take garment manufacturing jobs that are “brought back” to France? French youth unemployment hovers above 17%, but garment work doesn’t match the aspirations of an educated workforce. In the United States, the few apparel factories that remain largely employ recent immigrants. Is trying to rebuild a mid-20th-century industrial base like trying to resurrect typewriters? Nostalgia is not an economic strategy in a technologically advancing world. Furthermore, would robots soon “take” most jobs that could be done by French people today in garment manufacturing? 

Mahler also asked me whether people could simply buy fewer clothes to help the environment. It’s an interesting question because we also see this dilemma with food in the rich world today. Calories were once expensive; now the binding constraint is waistlines, not income. Clothing has followed the same pattern. After the Multi-Fiber Arrangement ended in 2005, global textile trade boomed. For example, one Chinese city now produces more than 20 billion pairs of socks per year, which they can export at low prices. For many consumers, the price of clothes is not the main constraint on how many garments they purchase. The result has been the democratization of style and abundance.

Reasonable people can debate the appropriate policy response. A Pigouvian tax on new garments to fund recycling or reduce waste, akin to a carbon tax, is worth considering. Better labeling, such as durability ratings, could help consumers make more informed decisions on how long garments will last so they can appropriately trade off price versus quality. Cultural norms are shifting such that some consumers brag about thrift-store finds rather than new purchases, somewhat reducing the flow of new clothes to landfills. 

While addressing the excesses of cheap fashion, we should resist romanticizing the past. We should not return to a world in which only the rich could afford variety and comfort. Countries like Bangladesh and Vietnam have reduced poverty by joining global garment supply chains. Bangladesh’s GDP per capita was under $500 in 1998; today it is over $2,500. 

Fast fashion is neither a triumph nor a catastrophe. It is the outcome of solving an important problem: how to clothe billions of people affordably. The French, along with many of us around the world, now face a more pleasant question: how much is enough once basic scarcity has been conquered?

Someone from 1850, wearing his one patched coat, would be astonished to learn that we are debating whether people buy too many clothes. That we have the luxury to ask is evidence that, despite its problems, the system has delivered something extraordinary.



Source link

Tags: DilemmaEconlibFashionFast
ShareTweetShare
Previous Post

Intuit CEO says Gen Z is staving off recession by putting it on plastic

Next Post

Tesla: Bullenfalle oder perfekte Einstiegschance?

Related Posts

edit post
The Next Frontier of Climate Accountability: Making Big Food Pay Its Ecological Bill

The Next Frontier of Climate Accountability: Making Big Food Pay Its Ecological Bill

by TheAdviserMagazine
January 9, 2026
0

Yves here. As Trump’s shredding of the international order and domestic law dominates headlines, our climate and environmental crises keep...

edit post
How to Compare Prices and Progress over the Years

How to Compare Prices and Progress over the Years

by TheAdviserMagazine
January 9, 2026
0

We often scoff at supposedly how cheap things cost in decades gone by. For example, my wife and I recently...

edit post
California’s Proposed Billionaire Tax | Armstrong Economics

California’s Proposed Billionaire Tax | Armstrong Economics

by TheAdviserMagazine
January 9, 2026
0

California imposed an exit tax for those wishing to flee the state, but with insufficient funding and desperation to maintain...

edit post
The December jobs report is due out Friday. What it’s expected to show

The December jobs report is due out Friday. What it’s expected to show

by TheAdviserMagazine
January 8, 2026
0

A "Now Hiring" sign at a Cookout fast-food restaurant in Durham, North Carolina, Nov. 25, 2025.Al Drago | Getty ImagesThe...

edit post
The U.S.–Venezuela Coup: The Quiet Part Out Loud

The U.S.–Venezuela Coup: The Quiet Part Out Loud

by TheAdviserMagazine
January 8, 2026
0

There are two mainstream versions of the U.S. abduction of Venezuela’s president, Nicolás Maduro. The first: it was a brilliantly...

edit post
Trade deficit in October hits smallest since 2009 after Trump’s tariff moves

Trade deficit in October hits smallest since 2009 after Trump’s tariff moves

by TheAdviserMagazine
January 8, 2026
0

Maersk and HMM container ships at the Port of Los Angeles in Los Angeles, California, US, on Wednesday, Sept. 24,...

Next Post
edit post
Tesla: Bullenfalle oder perfekte Einstiegschance?

Tesla: Bullenfalle oder perfekte Einstiegschance?

edit post
ACN Earnings: Key quarterly highlights from Accenture’s Q1 2026 financial results

ACN Earnings: Key quarterly highlights from Accenture’s Q1 2026 financial results

  • Trending
  • Comments
  • Latest
edit post
80-year-old Home Depot rival shuts down location, no bankruptcy

80-year-old Home Depot rival shuts down location, no bankruptcy

January 4, 2026
edit post
In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

December 14, 2025
edit post
Democrats Insist On Taxing Tips        

Democrats Insist On Taxing Tips        

December 15, 2025
edit post
Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

December 27, 2025
edit post
Detroit Seniors Are Facing Earlier Shutoff Notices This Season

Detroit Seniors Are Facing Earlier Shutoff Notices This Season

December 20, 2025
edit post
Elon Musk Left DOGE… But He Hasn’t Left Washington

Elon Musk Left DOGE… But He Hasn’t Left Washington

January 2, 2026
edit post
Goldman Sachs raises Reliance Industries’ share price target ahead of Q3 results next week. Here’s why

Goldman Sachs raises Reliance Industries’ share price target ahead of Q3 results next week. Here’s why

0
edit post
How to Compare Prices and Progress over the Years

How to Compare Prices and Progress over the Years

0
edit post
10 Predictions for the 2026 Housing Market

10 Predictions for the 2026 Housing Market

0
edit post
Solana On-Chain Liquidity Leadership Widens As DEX Volume Stays Robust Across The Network

Solana On-Chain Liquidity Leadership Widens As DEX Volume Stays Robust Across The Network

0
edit post
6 Social Security Benefit Coordination Errors Widows Often Miss

6 Social Security Benefit Coordination Errors Widows Often Miss

0
edit post
Former White House advisor on the real reason your health care costs are going up: Medicare’s doctor pay gap

Former White House advisor on the real reason your health care costs are going up: Medicare’s doctor pay gap

0
edit post
Solana On-Chain Liquidity Leadership Widens As DEX Volume Stays Robust Across The Network

Solana On-Chain Liquidity Leadership Widens As DEX Volume Stays Robust Across The Network

January 9, 2026
edit post
Former White House advisor on the real reason your health care costs are going up: Medicare’s doctor pay gap

Former White House advisor on the real reason your health care costs are going up: Medicare’s doctor pay gap

January 9, 2026
edit post
*HOT* MaryRuth’s Biotin Gummies 2-Month Supply only .44 shipped, plus more!

*HOT* MaryRuth’s Biotin Gummies 2-Month Supply only $11.44 shipped, plus more!

January 9, 2026
edit post
10 Predictions for the 2026 Housing Market

10 Predictions for the 2026 Housing Market

January 9, 2026
edit post
How to Buy Cash-Flowing Rentals in 2026 (Despite High Rates) (Rookie Reply)

How to Buy Cash-Flowing Rentals in 2026 (Despite High Rates) (Rookie Reply)

January 9, 2026
edit post
Uniswap Review – Is it Safe to Use in 2026?

Uniswap Review – Is it Safe to Use in 2026?

January 9, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Solana On-Chain Liquidity Leadership Widens As DEX Volume Stays Robust Across The Network
  • Former White House advisor on the real reason your health care costs are going up: Medicare’s doctor pay gap
  • *HOT* MaryRuth’s Biotin Gummies 2-Month Supply only $11.44 shipped, plus more!
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.