Comments by "Piccalilli Pit" (@piccalillipit9211) on "Why China’s Luxury Boom Is Over" video.

  1. LVMH employs 85,000 crafts people on an average salary of €75k - should they be unemployed and we all wear sh!t...???
    35
  2. Hopefully, when the EU breaks away from Am3ric4 in the next few years you can see that the EU is not "the west" and your opinion of the west is largely Am3ric4. I left the UK for Bulgaria because it was becoming too Am3ric4nised. I hope the EU and China can have much stronger ties in the future and we can appreciate watching other cultures and the cultural heritage. We can buy your luxury goods and you can buy ours. BTW - I was delighted to see Hanfu dress becoming more popular among the young in China, I'm a tailor of bespoke men's historical English suits and I am absolutely delighted that people are taking pride in their own dress.
    6
  3. They are taught philosophy at school from a very young age
    3
  4.  @mariad.b.6344  Post, post WW2 austerity generation. You had WW2 and following that [in most of the world] you had 20 years of austerity, real shortages of everything, rationing in the UK for another 11 years [?]. But living frugally was by then just a way of life for the WW2 generation and the Boomers. Gen X in the 80's and 90's were starting to feel mote like consuming, credit was becoming available but they had parents who remembered austerity. I'm 54, my grandmother used to make us take the wrapping paper of presents carefully so she could trim the tape off and re-use it next year...!!! These people knew real hardship. Then you had the switch to ultra-cheap goods from China just as the younger Gen X and Millenials grew up and they started consuming like crazy - Millenials could not afford houses so they bought **** instead Now you have Gen Z saying "this is a bit gross actually" and turning away from hyper consumption. In China they wanted to follow the west as the model for prosperity - but being better educated and having the failure of the west to look at - they are stopping quicker than we did.
    3
  5.  @iamhardwell2844  You don't understand luxury.
    2
  6. You are right to be disillusioned with the West - 50% of the west is disillusioned with the west. Hopefully, when the EU breaks away from Am3ric4 in the next few years you can see that the EU is not "the west" and your opinion of the west is largely Am3ric4. I left the UK for Bulgaria because it was becoming too Am3ric4nised. I hope the EU and China can have much stronger ties in the future and we can appreciate watching other cultures and the cultural heritage. We can buy your luxury goods and you can buy ours. BTW - I was delighted to see Hanfu dress becoming more popular among the young in China, I'm a tailor of bespoke men's historical English suits and I am absolutely delighted that people are taking pride in their own dress.
    1
  7. AH - the US is demonising them - the US does not make the luxury goods...!!!
    1
  8.  @xx133  well there is a massive contradiction in your comment. " I’ve seen the same excuse used for defense contractors, fossil fuels, etc. " IE lots of highly paid highly skilled jobs ", especially when virtually zero craftsmanship, artistry is involved. " IE no highly paid highly skilled job
    1
  9.  @bd8594  This is not true - or it should not be true. LVMH have damaged the luxury goods industry by trading off brand names. True luxury goods are hand made by very skilled artisans from the finest materials and that costs a LOT of money and employs a LOT of people - LVMH employ 85,000 artisans. A bad by Hermes [and I cant stand Hermes BTW] should last you 50 years of every day use
    1