Related note: aren't Louis Vuitton bags being made so crap nowadays that even their own anti-counterfeiting staff can't tell what's real and what's not? I remember hearing of someone who made wallets out of discarded LV bags and got harassed for it by the company.

My personal opinion is that the business model of selling status items - specifically those which only have status because of an artificially limited supply they control - is inherently predatory and should be restricted. Not because I'm the morality police and want to stop people from buying a bag that says "I spent $2000 on a bag", but because there is nothing that stops the company from cost-reducing that to oblivion. If you are going to sell a $2,000 bag, it should be marketed on quality, not a cult.

Clothing items tend to have quality roof that past that, it doesn't matter and it's not 2000$ for handbag.

Clothing has been used as wealth/class indicator for thousands of years, trying to change that will be extremely difficult lift.