We shouldn’t mourn the loss of high street fashion giants. They represent some of the worst aspects of globalization.

On both sides of the Atlantic major retail clothing chains have been struggling in the midst of coronavirus-related (Covid-19) shutdown measures. Economic commentators have been fretting about the potential fallout. Yet, although the inevitable loss of jobs is regrettable, we shouldn’t mourn the decline of these ‘fast fashion’ giants. In many respects, they represent all that is wrong and destructive about unfettered corporate globalization.

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