Over the week end I had the pleasure of having dinner with a well known economist and our discussions inevidently turned to the current state of the world economy and to sum up his ideas the issue is economical, social and ecological.
Making drastic shortcuts in what he was saying his position was globally that today people just want to buy things...too many things they don't need and too many cheap things which are then made in China which leads to the western world giving up on industry focusing too much on services and untangible goods.
Its would be too long to get into details but for him our societies need to rediscover the beauty of the hand, crafts and artisans and it is by recognizing the importance of the hand work and human touch that things could change. He gave the example of the Italian textile industry which is made of thousands of small or medium sized ateliers but which are not completely robotized and where the human factor is still quite important and which today plays an extremely important role in the Italian economy.
Interestingly I also stumbles on the following article published on Monocle http://www.monocle.com/monocolumn/2012/07/16/6772/
Quality not quantity
July 16, 2012 — France
Writer: Andrew Tuck
Luxury is a good thing. There, I’ve said it. I know in these straightened times it gets a bad rap – who, people ask, really needs a sleek high-end car, a bag made by artisans in an Italian village or champagne at their parties?
France, the home to many of the world’s leading luxury brands, is even having its doubts. Well, at the Elysée Palace they are. President François Hollande has decreed that costs must be cut and a clear break made from the easy-with-the-euros reputation of his predecessor, Nicolas Sarkozy. So it seems the champagne will remain in the cellars and instead Muscadet is the order of the day at receptions. Ministers have been told to get smaller cars – one has even opted for a bicycle.
Now here’s a very different story. But stick with me, they are going to segway rather nicely. Affordable fashion – aka fast fashion – brands such as H&M, Uniqlo, Topshop and Zara have become so skilled at turning out clothes that look just right for a few weeks, and are cheap enough to throwaway after the same time span, that they have changed the way a whole generation shops.
In her book Overdressed: The Shockingly High Cost of Cheap Fashion, Elizabeth Cline says that the average American buys roughly 64 items of clothing in a year. Much of it is consigned to the bin or rag bank within weeks. Now we all like a bargain but look beyond the price and focus on the business models at play.
What’s really more acceptable: making clothes and leather goods by hand in an atelier that the buyer will treasure for years, or creating a pile of throwaway garments?
As we look at how to create new sustainable models, the world of luxury offers some surprisingly appealing snapshots. Hermès, for example, will repair any bag that you have bought from one of its stores – it doesn’t matter if you have owned it for decades. But further down the food chain the instinct to repair, or even cherish longevity, has all but vanished. Who, for example, even thinks of getting anything electronic mended when it goes on the blink?
Or how about this: 60 per cent of Porsches ever made are still on the road. Not many mainstream auto brands can compete with that. I recently took part in a panel discussion hosted by Volvo and they posited the idea that brands such as theirs were considering how you created a car that could be upgraded when new tech became available, extending the life of the chassis and body. But then Volvo is a company with an eye on the growing market for sustainable luxury.
Then there’s the way people value experiences when they involve a touch of luxury. I wonder what a visitor would value and remember more if invited to sup with President Hollande – a lone glass of champagne or a few glasses of Muscadet?
Luxury brands are also good at using skilled workers and paying them proper salaries, they don’t waste their raw materials and are increasingly scrutinised to make sure they are living up to the ideals they seem to represent.
So let’s hear it for a little luxury and a little less disposable style. I’ll raise a glass of Krug to that.
Andrew Tuck is Monocle’s editor
What's your take on this?