>> But the people who can afford the clothes in the first place will
>> simply buy other things instead, so some other economy will be
>> increased to match the decrease in textiles.
>
> How many of those "other things" can be produced locally with limited
> means?

Builders, teachers, cleaners, doctors, nurses etc all will be more in 
demand if people have more money to spend on education and medicine. 
Even imported good need an infrastructure to deliver them, so demand for 
drivers, packers etc.

> People without a market for their labor or goods can't take their
> "clothing money" and reallocate it to education or medicine.

What else would they do with the money if they didn't need to spend it 
on clothes anymore?

> They have
> gone from almost no money to no money at all.

???

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