“The economic downturn was needed, he says, it had gone too far. “I see it like a cleaning up – it was too rotten anyway – so it had to be cleaned up…I see it like a healthy thing – horrible but healthy, like some miracle treatment of the world.”
Will it be harder to sell handbags? Or are his products dreams – expensive dreams, to be sure – but dreams to aspire to?
“What is the real world?” he asks. “If you have no dreams, or if you don’t try to improve real life of everybody, people would ask why they get up in the morning…. “I can be interested in a $20m diamond I will never buy, without desiring the diamond. If you want only things you can afford, it’s boring too. It’s great to see things you may not buy – because you don’t have the money – but it is very ugly to think they shouldn’t exist because you can not buy them.”
To an extent I agree with him. But the people who were barely making ends meat during the best of economic times aren’t going to be consoled by the fact that they, at least, have something to “aspire” to. I also have to wonder how much Karl makes from Chanel (and just his earnings from Chanel…he has so many jobs that I know his income is pretty large) and how the recently dismissed employees feel about that.