this post was submitted on 15 Mar 2024
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Europe

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France’s parliament on Thursday backed a string of measures making low-cost fast fashion, especially from Chinese mass producers, less attractive to buyers.

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[–] exanime 7 points 8 months ago* (last edited 8 months ago) (3 children)

Inflation does not seem worse over there than in "free for all"Β© capitalism in the USA

PS: to be fair, USA is very protectionist as well, it's just they only protect the 1%

[–] Mahlzeit@feddit.de 3 points 8 months ago (1 children)

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%.

[–] exanime 1 points 8 months ago (1 children)

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

[–] PipedLinkBot@feddit.rocks 1 points 8 months ago

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[–] Ziggurat@sh.itjust.works 3 points 8 months ago (1 children)

to be fair, USA is very protectionist as well,

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.

[–] nivenkos@lemmy.world 1 points 8 months ago (1 children)

I'm not American. And yeah it's a shame to see the US abandoning free markets and freedom.

[–] exanime 2 points 8 months ago

Did they ever have those?

[–] nivenkos@lemmy.world 0 points 8 months ago

This is France protecting the 1%.