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A cop's view of Chinese counterfeiting

Fantastic post by Bill Heinze, who recommends the post "Faked in China," in which Todd Datz writes for Chief Security Officer Magazine about a 2005 report from the National Chamber Foundation (a think tank affiliated with the U.S. Chamber of Commerce) with an interesting comparison between counterfeiting and cocaine dealing. Here's Heinze's excerpt of Datz's post:

A kilo of cocaine costs about $47,000, and a dealer can sell it on the street for $94,000; that same $47,000 can purchase 1,500 bootleg versions of Microsoft Office 2000, which can be sold for $423,000. Although an unscientific example, the point is clear -- counterfeiting pays well. "There's no marketing overhead, no taxes, and you're not paying workers normal rates," says Simone. Annoying expenses like R&D, advertising and other costs associated with turning an idea into a brand also conveniently disappear.

Posted by Laurel Newby on January 19, 2006 at 03:16 PM | Permalink | Comments (1) | TrackBack (0)

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