Stand up for nonprofit news & help us reach our $100,000 goal! GIVE NOW

Measures to counter fake products

Lisa Napoli Oct 3, 2007
HTML EMBED:
COPY

Measures to counter fake products

Lisa Napoli Oct 3, 2007
HTML EMBED:
COPY

TEXT OF STORY

Scott Jagow: There’s a big conference in Washington today on counterfeit products. Piracy has become so rampant, it seems almost impossible to stop. But that doesn’t mean U.S. companies or the government are gonna give up.

Today’s agenda includes Utah Senator Orrin Hatch and NBC Universal President Jeff Zucker. The summit is sponsored by a huge business group. More now from Lisa Napoli.


Lisa Napoli: Caroline Joiner of the U.S. Chamber of Commerce says 1 in 5 Americans cops to having bought something pirated in the last year.

Caroline Joiner: We’re not talking just about CDs and DVDs and software. We’re talking about dangerous and defective products, like pharmaceuticals or brake pads.

A recent bust in Queens even turned up counterfeit night-lights for your kid’s room. Another raid unearthed 20,000 pairs of fake Nikes tied to a sophisticated criminal operation.

Joiner says it’s impossible to put a price tag on the cost to the American economy:

Joiner: These guys don’t have board meetings and, you know, report to their shareholders.

Joiner says the growing problem isn’t gonna stop until people realize how far-reaching its impact has become.

In Los Angeles, I’m Lisa Napoli for Marketplace.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.