Definition

An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.

During my sustainability and identity lecture capitalism was spoke about and became topic of conversation in many seminars. I have researched further into capitalisms association with fashion and the fashion industry.

The fashion industry It is worth $1.5tn a year. It is one of the most globalised trades of them all, and has been since at least the British empire. It is also one of the very few businesses allowed to present itself as not being wholly about commerce.

Fashion is among the most hyper-capitalist businesses of the many industries as it produces goods for short-term use with the aim of them to be updated or thrown out every six months. The industry is also sourced from all over the world which faces the issue of cross overs and different laws, regulations and working standards from different countries.

(it is estimated that one in three textile workers in Cambodia are medically underweight) or death, as in the perennial textile factory deaths of the Indian subcontinent.