I have clothing for all occasions, from weddings to lounging with friends. Turns out I'm not alone: the apparent market has grown 60% in the last six years, and that trend isn't slowing down. To understand how and why this is happening, we need to enter the world of fast fashion, where tech-driven clothes are cheap and trend-heavy outfits are king.
Last weekend marked 7-Eleven's latest "Bring Your Own Cup Day," an event when customers trek to the convenience store to fill up cups of all shapes and sizes with ice-cold, sweet, slushy goodness. There used to be no limit on the size of cups until things started getting... a little strange.
Just where would we be without pop stars to tell us about economic policy? Without Annie Lennox, how would we know that people in poor countries don’t get paid very much? For that is what her latest campaign, The Circle, wants to tell us. According to Lennox, the solution is simple: everyone involved in the garment industry should just be paid more money. This lacks a certain economic sophistication, it must be said. In fact, it arguably lacks any economic understanding at all.
When people think of Peru, they imagine archeological sites like Machu Picchu and delicious food, but few outsiders know that in Lima, the nation’s capital, is the largest film library in Latin America. The collection is housed inside a truly unlikely place: a shopping center. But not just any shopping center. Polvos Azules, a 30-year-old market, started when immigrants from rural regions of the country came to Lima and became street sellers in order to survive.
There are many trading platforms that people can use to purchase and sell bitcoin, but sometimes people don’t want to go through the hassle of registering with an exchange. On the other hand, some individuals also don’t want to use Localbitcoins as they may dislike the process of dealing with peer-to-peer traders. Many people don’t know that there are other types of methods individuals can use to purchase and sell bitcoin, and some of them may be at your local convenience store.
According to "TheUpshot" column in the New York Times, there's a problem with cheap goods that needs fixing: "There is a worldwide glut that includes oil wells, steel plants, and eager would-be workers, and it will take more than a United States presidential election and a few months of solid global growth to fix it." The problem is that this presumes the true existence of what is really a mirage: an economy-wide glut.
Last week we had the dubious pleasure of witnessing two of the greatest PR disasters of the new year. First was Pepsi's commercial showing white, rich fashion model Kendall Jenner transforming a civil rights protest into a fashion event, and then there was United Airline's violent removal of a passenger. Unsurprisingly, these have breathed new life into almost-forgotten anti-capitalist theory and protest. But, crucially, yet strangely unnoticed by "anti-capitalist" writers and critics, all the "anti-capitalist" acts of protest are themselves part of the "capitalist system."
