Degrowth

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Discussions about degrowth and all sorts of related topics. This includes UBI, economic democracy, the economics of green technologies, enviromental legislation and many more intressting economic topics.

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The trendy second-hand clothing market is huge and still growing – yet nobody is turning a profit (www.bbc.com)

submitted 5 months ago by [email protected] to c/[email protected]

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[–] [email protected] 22 points 5 months ago (1 children)

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.

[–] [email protected] 9 points 5 months ago

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.