What John Galliano going to Zara tells us about fashion—and everything else

Fashion, it turns out, is a leading indicator. Long before mainstream business commentary catches up to a structural shift in the economy, the runway has usually already staged it. The announcement that John Galliano—arguably the greatest couturier alive—has signed a two-year creative partnership with Zara is one of those moments. It looks like fashion news. It is actually a signal about the future of value creation itself. The most surprising move in fashion in years To understand the sho...