Economics,  General interest,  Markets

A great TED talk: the horribly dark side to buying your counterfeit handbags and watches

The dark side of counterfeiting is something I have to say I knew nothing about, and while this is only one guy’s input, it’s an eye opener. Alan Gray, a counterfeiting investigator, explains the margins on counterfeit goods being 20 times higher than drugs, attract organised crime and even terrorists.

When you’re on a trip and buying the fake watches, or handbags or T-shirts it’s easy to think of counterfeiting as a victimless crime, I mean who’s going to feel sorry for Gucci or Rolex? But this trillion dollar industry is built on the likes of child slavery and exploitation, and at worst that harmless holiday memento can come back to us through the specter of terrorism.

 

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