It was interesting to learn about piracy on a global scale. I figured the most popular kind would be music. What really shocked me is when the book mentioned brand names such as Rolex and Cartier are sold every year netting illegal profits of at least 500 million. Not only is that a huge about of money, but there is more money lost due to trademarks, copyrights and patents. They said this translates into more than two million lost jobs. I remember in high school reading about how artists make their money since a lot of people illegally download their music, (I don’t remember how it ended), but basically it’s the easiest and cheapest to copy and pay nothing for. If this has always been a problem, why doesn’t someone fix it? I didn’t know software was also included in the same category and that seems like a more serious problems to countries.
Chase Moceri says
Rachel,
As I was in Hong Kong, I walked through many markets that had lots of piracy of different brands. These brands usually were all designer and the material was insanely cheap. I even bought my sister a fake louie purse to make her happy. That is interesting to hear music is not the number one thing people steal. Software is definitely something companies may need to watch out for if they are in that industry. I’m sure Microsoft is watching all these new tech companies closely to ensure no one is stealing their innovative ideas.