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Of course greed comes into it, though I believe (based on nothing) that small (like really small) companies can’t afford greed as easily as corporations.
Vastly inflated prices compared to what? Good wages, good working conditions, good materials - what did that cost in the 1950s? Virtually everything now is vastly cheaper in relation to income in the wealthy west. In the early 70s you could buy a tv for about $500, that was two months pay back then in Canada.We just buy more shit more often.
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Greed is also comparative, a tiny company turning out, say, 10 garments a day with one 'guiding light' one person making it happen and 3 people actually making stuff would do quite nicely on $1000 per item downy garments. The makers might not starve, but the principal certainly won't.
It make sense to have properly warm winter clothing in Canada, but in mild, damp and drizzly Britain it is a pure pose. I have an ex who was born and raised in tropical Siberia and managed to survive without the ludicrously priced outerwear which some on this soggy island deem necessary.
It also depends on whether you believe that the vastly inflated prices are due to the clothing being meticulously assembled by well-paid elves from magic dust and Unicorn faeces. Surely the prices couldn't be justified by pure greed?
Then, I am a cynic.