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The $500 Billion/Year World of Counterfeits

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We are in the Museum of Counterfeits, where you can find examples of goods

that are subject to counterfeiting.

Why would you ever counterfeit a lighter?

Well, even though they are cheap,

they still offer some margins

for profits that counterfeiters exploit.

There is lots of costly technology behind these products.

All these safety related aspects are very costly.

To make a chainsaw that is safe costs money.

Counterfeiters do not observe any of these norms.

These objects can be really dangerous.

I would not be willing to get even closer to this one.

You can see in illicit trade,

everything ranging from illicit pharmaceuticals, narcotics,

tobacco, alcohol, you name it.

This is a problem that is much bigger than anyone can imagine.

Fake cocoa, fake toys, fake escalators, fake masks.

That do not meet any safety norms.

Counterfeiters say I’m going to use the cheapest components that I can.

I’m going to sell it for 20% of the price.

Think of all these goods that can be potentially dangerous,


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