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Comment by anymouse123456

8 days ago

Agreed. A good business will take both short and long term profit into consideration when making a decision. They will strive to maximize profit (within reason) in whatever they do.

I don’t presume to know anything about the fashion industry and generally find it uninteresting.

My point is that I assume the people running those businesses know what they’re doing. Many of them have been around for many decades.

I’m admittedly surprised to find so many people here with so much confidence in their own ability to effectively constrain an entire industry they obviously also know nothing about.

> My point is that I assume the people running those businesses know what they’re doing.

I agree, but their profit-seeking is myopic and there's no reason why it should be allowed.