Chinese Theft o' the Year: 360,000 Fake Components
European and American officials vowed to crack down on fake IT components after a two-week raid at the end of 2007 yielded more than 360,000 counterfeit items. The seized goods were fake versions of products from Intel, Cisco, Phillips and others and are worth more than $1.3 BILLION. The raids took place at airports in Germany, France, Britain and the U.S. Trade in fake goods has reached $200 billion a year, and most of it originates in China.
8:21 AM * PERMALINK * 3 comments
Comments:
You definitely have to watch where you buy stuff these days. There are tons of shady websites that are popping all the time.
It's a shame we have to worry about this type of thing.
If the companies hadn't outsourced their manufacturing to China, this wouldn't have been happening. It is the fault of their own greed and lack of caring for their own (former) American workers.
I've never understood blaming the US corps who are outsourcing for this - they're the most innocent. You can blame the greedy Chinese corps who are actually breaking the law or you can blame the greedy American people for caring more about price than whether a product is made in a country with a corrupt government. Heck, you can even blame the greedy shareholders of a company for caring more about next quarter's bottom line than long term company growth. But blaming corporations for not building a product that's twice as expensive that no one will buy is just plain silly.
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