The Devil Who Sells You Prada

Interesting interview with Dana Thomas about her book, "How Luxury Lost its Luster".

I think the ultimate effect of this is that the true cognoscenti will be abandoning Prada etc. and buying their goods from little hole-in-the-wall companies that still make stuff by hand. When the luxury brand name is so diluted that it's become a mass brand without a luxury cachet, the people who can afford well-made stuff will spend the money for something that nobody else has -- a really hand-made leather satchel or hand-sewn suit.