this post was submitted on 16 Mar 2024
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There is more to business than making a profit, profits are taxed differently, businesses that never make a profit may be very good for the employees and the employer, as well as the customers that shop there.
Absolutely. But is that good enough to keep the alternative business plans going? According to this article, I'm not sure it is.
I posted this on degrowth because the rise of secondhand fashion seems to be an example of degrowth in action - a business shifting from production of new items to refurbishing and reselling existing products.
What works - and what doesn't work - in the battle against fast fashion is an important lesson for degrowth proponents everywhere.