Counterfeit Handbags and Terrorism
In most major cities in the world, there is an active and highly profitable shadow economy in phony consumer goods that generates (in some estimates) upwards of 500 billion dollars a year. If have ever been down to “Counterfeit Alley” in midtown Manhattan, you have seen one of the biggest counterfeit marketplaces in the world. While many of us spend our waking hours lusting after the latest fashion designs from our favorite designers, there are a lot of people out there who purchase knock-off or phony items without fully appreciating the consequences.
