{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/6355d904dd5e0e0012da88d1/6a9afa84d024784c9990a54d?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"W. David Marx: Fashion Is Bigger Than Ever — but Worse at Rewarding Invention","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/6355d904dd5e0e0012da88d1/1788541549943-16acf7a8-0ad6-466d-a28b-9b1f68612101.jpeg?height=200","description":"<p>In the summer of 2007, BoF founder Imran Amed landed in Tokyo for the first time. A young American writer named W. David Marx took him on a menswear tour of the city's back streets of Shibuya and Harajuku. That trip would eventually lead Marx to become BoF's first contributor — apart from Amed himself.</p><p><br></p><p>Nearly 20 years on, Marx is still in Tokyo, watching a city that experienced three of fashion's biggest shifts before anywhere else: luxury as a middle-class product, the rise — and now retreat — of streetwear and menswear as a global obsession. Marx is the author of three books on Japanese and global culture. The first, “Ametora,” is about how Japan absorbed, and then improved, American style. The most recent, “Blank Space,” is a cultural history of the 21st century, arguing that something has gone missing from the way we make culture today.</p><p><br></p><p>Amed sat down with Marx in Tokyo to discuss all of this and more in what is a fascinating conversation about the state of global culture and global fashion today, and how Japan’s place in it has changed.&nbsp;</p><p><br></p><p><br></p><p><br></p><p><strong>Key Insights:&nbsp;</strong></p><ul><li><strong>Japan taught the luxury industry that luxury could be a mass-market business.</strong>&nbsp; Marx traces Japan's luxury boom back to the 1970s, when newly wealthy Japanese travellers began bringing home souvenirs from Paris. He argues Japan is where brands like Louis Vuitton first learned that \"luxury could become a middle class market,\" building duty-free stores in airports rather than relying solely on flagship boutiques for old-money customers — a model since exported across the world.</li></ul><p><br></p><ul><li><strong>Tokyo Was the Origin Point of the Global Streetwear Boom: </strong>Marx lays out how Bathing Ape's underground Tokyo stores became a phenomenon so outsized it reshaped how the rest of the world thought about streetwear. He recalls a Stüssy veteran saying, \"Bathing Ape blew streetwear out of the water.\"</li></ul><p><br></p><ul><li><strong>Luxury's growth problem is structural, not cyclical. </strong>Marx argues luxury goods are fundamentally different from something like an iPhone, because \"for every additional handbag you sell to a new consumer, you do decrease the value of the handbag that you sold originally.\" That tension between scarcity and growth, he says, “is at the root of the industry's current slump”.</li></ul><p><br></p><p><br></p><ul><li><strong>Culture Has a ‘Blank Space’ Where Invention Used to Be:</strong> Marx’s&nbsp; central argument is that value shifts, not a lack of talent, have pushed culture away from art for art's sake. He points to hip-hop and graffiti as movements built by outsiders pursuing invention for its own sake, contrasting that with today's incentives: \"If you are making things to get attention, if you're making things to make money, it's just very unlikely that your strategy's going to be to be the most inventive as it could possibly be.\"</li></ul><p><br></p><p><strong>Three Books W. David Marx Recommends</strong></p><ul><li>Fashion is Spinach, by Elizabeth Hawes&nbsp;</li><li>On Human Finery, by Quentin Bell&nbsp;</li><li>For a Critique of the Political Economy of the Sign, by Jean Baudrillard</li></ul><p><br></p><p><strong>Additional Resources:</strong></p><ul><li><a href=\"https://www.businessoffashion.com/articles/retail/nigo-human-made-ipo-explained/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Streetwear’s First IPO, Explained | BoF</strong></a></li><li><a href=\"https://www.businessoffashion.com/articles/luxury/luxury-portfolio-recalibration-lvmh-kering-richemont/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>How Big Luxury Is Rewiring for the Future | BoF</strong></a></li><li><a href=\"https://www.businessoffashion.com/articles/retail/bape-a-bathing-ape-interview/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong><em>How BAPE Kept Its Cool for Decades | BoF</em></strong></a><strong><em>&nbsp;</em></strong></li></ul><p><br></p>","author_name":"The Business of Fashion"}