Overdrying clothes damages them. Hang-drying clothes increases the clothes' longevity.
(My towels are a very distinct shade of red, a color I never wear. The lint is the exact same color.)
For shirts I run through the dryer, they don't seem to have suffered much by it. But I don't run printed designs through the dryer, because they take serious damage that way.
Considering how popular synthetics are these days, I suspect it's because they use small combo washer/dryers in Europe. Certainly my British washer/dryer combo did a good job.
(Joking aside yes this is completely correct.)