November 24, 2007 8:54 AM Subscribe
Luxury items, once made by European artisans, fetched a high price due to the craft of making the items by hand in small workshops. But now, although the prices are even more astronomical, the products themselves are really cheaply produced in Chinese factories, similar to those that make Gap socks, or baseball caps. Despite this, they continue to be worn as badges bought on thinning credit.
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