| Textiles is a funny one, it makes for a great (extreme) example for looking at current and past economic system debates. Free market emergence vs centralized design. Consumerism vs.. whatever the alternative is. For a central planner in 2018 (if planned economies were still a thing), clothes would be an easy one. It's easy & cheap to make enough clothes for everyone to wear, in above-median economies. You might face inefficiencies. but, there is little chance of failure like the eastern block's automative industry failures in the 70s. Free markets see efficiency differently, but from a planning perspective, the free market for textiles seems pretty inefficient. The hard inputs are cheap. The biggest "value adds" are not strictly necessary: fashion-design, wholesale, retail and marketing. I realize this is a cheat, but imagine a small, leninist country popped into existence today. The central planning comittee could go to a global clothing manufacturer and order 1 million winter jumpers. They would buy them at a small fraction of retail prices. Jumper problem solved. You can deal with a lot of inefficiency before the cost of a jumper approaches the average retail cost of free market jumpers. The variety, choice and such will be gone, but it's unlikely there will be a shortage of jumpers. I've framed this in a potentially argumentative way, but if we look past the ideological aspects, the fashion industry has a lot more of "avoidable" costs, from a purely utilitarian perspective. Thinking back, It's interesting to recall the last days of planned economies in eastern europe. There were all sorts of shortages. Most iconic was cars. Most ridiculous was consumables like toilet paper or tires. With clothes.. One recurring story from eastern european travelers in the late 70s and early 80s was jeans. Jeans represented western youth culture, rock and roll, liberalism.. People wanted them, really wanted them. I've heard several people (famous people and people I know) talk about exchanging pants with someone (presumably someone they like) in the street, and making their day. I don't think they had pants shortages though. People had pants, they just didn't have cool pants. Curious. The practical, measurable, rationally justifiable needs this industry serves represents a tiny fraction of its economic output. Mostly, it's about decoration. |
Can you really? Primark sells jumpers for less than ten bucks. Can you really buy and distribute for much less than that?