It is easy to find evidence that
Back in the golden age of the 1960s and 70s, our community offered those ‘up-and-comers’ a shot at the American dream – not just for the mouth-y high-fliers who gave great parties. There was a complete cross section of an industry cluster; with an enviable infrastructure. These days, more than 87% of the $39 billion shipped, in apparel and textile finished products, are made elsewhere. Every year, more companies leave the business than enter it.
Not only that, but most analysts and poll-takers rank
Meanwhile, it has never paid to bet against an industry with as many inventive people as we have here. Even if
Perhaps this new ‘crisis’ brought about by the troubled assets of our largest lender will promote what the politicians call ‘structural reform’. The truth is that we can learn from other apparel production centers and other business models. There is no perfect model; it is our genius to have 7000 companies competing to find out what works best. The relentless competition of clever new firms from