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This whole scenario assumes that the majority of people are just plain dumb, and if that's the case then we are screwed as a society no matter what regulations
by krupan 2y ago
This whole scenario assumes that the majority of people are just plain dumb, and if that's the case then we are screwed as a society no matter what regulations and tariffs you put in place
- mschuster91 2y ago> This whole scenario assumes that the majority of people are just plain dumb No, but price-driven. That's the point. Temu, Shein and whatnot other "fast fashion" is successful because they are so much cheaper than the competition (who has to pay for shipping, customs, ...), and an ever larger part of Western populations has to struggle financially every single paycheck. Replacing domestic or even mid-quality Chinese clothes with Shein is just like the Boots theory [1]. The problem is, once too much of the lower income bracket falls away on the demand side, anything of higher quality on the producer side doesn't have enough of a market to sustain itself. [1] https://en.wikipedia.org/wiki/Boots_theory https://en.wikipedia.org/wiki/Boots_theory
- krupan 2y agoI so want to give you credit for referencing Sam Vines, but in all seriousness, people are going to notice that Temu isn't actually cheaper than Amazon or even Walmar, and that the quality sucks, and your doomesday scenario isn't going to play out. We definitely don't need Trump's tariffs to solve the percieved problem