Why the counterfeit business is booming

Comments · 2.8K

• MH

  @mhsidibe1 · 3 years ago

  We live in a world where bigger thieves call smaller thieves illegal

  5.3K

• MN

  @mnkwazi · 3 years ago

  The Economist needs to do a 6 part in depth series on how luxury brands pay the people sewing their shoes/clothes in sweatshops peanuts. That type of crime does not seem to be problematic it seems.

  2.5K

• AN

  @anonnymous4684 · 3 years ago

  In an age where multi billion dollar corporations  willfully exploit cheap labour in the developing world -  often in appalling conditions - simply  to increase their profit margins, it's hard to get too worked up  about the  criminality that  counterfeiters  may or may not be involved in.

  2.3K

• AS

  @aslam7952 · 3 years ago

  The biggest problem is that most sneakers these days are essentially foam (plastic) with a polyester (plastic) upper. These things are dirt cheap to manufacture compared to the past where they were made from leather. Maintaining these high prices whilst using cheaper (plastic) materials has provided huge incentive for the counterfeit market.

  515

• BU

  @bubbleteaichooseyou · 3 years ago (edited)

  Limited product + unreasonable price = crying when someone else making it available.<br><br>I hope this never get shut down

  289

• PE

  @petersmith6508 · 3 years ago

  The same shoes, made in the same factory, by the same workers, using the same materials, one pair costs $1000, the other pair $29.95. <br>Why are we not prosecuting the confidence tricksters instead of the free marketeers?

  3.1K

• KE

  @kepstein8888 · 3 years ago

  If companies are deliberately limiting supply to drive up prices, what did they think would happen?

  3.6K

• RA

  @RAYDEEY17 · 3 years ago

  What did they expect? You deliberately limit products to drive up prices and expect us to buy them from scalpers at extortion rates. I’ll buy knockoffs any day

  1K

• LI

  @licensedrivers · 2 years ago

  As a Chinese, I recently bought a pair of counterfeit new balance shoes. and imo if the counterfeit&apos;s appearance is identical to the authentic ones, it&apos;s an authentic pair of shoes. No one will take off your shoes and soles on the street to see if the stitches are correct. It&apos;s all about appearance.

  79

• PA

  @Paul-zu1iv · 3 years ago

  <a href="https://www.youtube.com/watch?v=4cyqL8OTMXc&amp;t=606">10:06</a> - &quot;often the fakes come from the same factory as the genuine&quot; - Therefor why pay extra for the ones sold in a retail store with a crazy price tag added for them? I am of to Reddit for a new pair of sneakers! Thank you The Economist!

  42

• SA

  @Sami-Nasr · 3 years ago

  Counterfeit goods are a curse for the rich and a blessing for the poor

  2.4K

• YE

  @yengsabio5315 · 3 years ago

  &quot;Strong toxic smell...&quot;<br><br>She has to have a large hazard pay &amp; a premium health insurance.

  340