Well, “capitalist communism” seems to be working for the Chinese.
Daily Mail/Zero Hedge
There’s no better example of groupthink taking over people’s common sense than $41.7 billion clothing retailer Lululemon, who sells signature yoga pants for $128, holding a seminar on “resisting capitalism”.
But, it’s 2020 and so, the examples of hypocrisy shall play on!
Lululemon got caught promoting a workshop on how to “decolonize gender” (whatever that means) and “resist capitalism” on its social media account yesterday. The seminar is being hosted by “company brand ambassador” Rebby Kern, according to the Daily Mail.
Meanwhile, sales at the retailer have exploded during the pandemic, as workers look to shift to the casual attire that comes with working at home. Shares have rallied more than 100% off their coronavirus lows in March and the company’s Q2 comps were up 2% despite the chaos of the pandemic.
Chip Wilson, the company’s founder is a Canadian billionaire. We’re guessing he didn’t “resist capitalism.” And as a result, Lululemon found itself being ridiculed on Twitter:
Categories: Economics/Class Relations