this post was submitted on 15 Mar 2024
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European countries may not be perfect, but they do seem to have working governments that produce legislation not 110% beholden to economic interest of corporations
France has a massive Fashion industry with Bernard Arnault competing for the richest person on the planet position. But even a brand like Kenzo is far from being fash fashion (Just checked on Zalando, kids T-shirt at 100 EUR, no wonder why the owner is so rich) so it's not hindering the biggest French corpo.
Bernard Arnault is lobbying against this law, because his companies make a lot of money in the Asian market, especially in China, and he fears repercussions from the Chinese government and a tariff war.