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All Fake, All The Time
February 16, 2004
Angry Chinese Blogger says the culture of counterfeited consumer items is holding back the Chinese economy. All of this has lead to a culture of mistrust, you know that the seller is not widely dishonest but that you are buying a fake. There is more concern and distrust of stores here than in any developed country, it is now a part of the culture and is serving to hold back the emergence of a truly and open free market economy. People are so used to merchants trying to sell low quality goods as high quality merchandise that when something genuine comes along it is often lost amongst the crowd of counterfeits. People aren’t willing to pay the extra for the genuine article because they don’t believe that they are genuine, or that the quality is any better than the quality of the counterfeit items. This perpetuates the cycle of piracy by making genuine CDs, clothes and other goods hard to sell and hard to make a profit from. People would rather buy cheap pirates knowing that they will get what they pay for in quality, rather than buying something that is more expensive, and in their eyes is probably a fake, but at a higher price. Posted by Matt Rosenberg at February 16, 2004 08:45 AM Trackback Pings TrackBack URL for this entry: Comments:
Ah, property rights. No economy will be successful and expand strongly unless property rights exist and are protected. Many people express a fear of future Chinese economic might and forsee real competition between the US and China. If China can't get it's act together over property rights, we have nothing to fear. Posted by: Gary B at February 16, 2004 01:37 PMSeriously. And think of all the work for Chinese attorneys, enforcing property law! Talk about synergy. Posted by: matt rosenberg at February 16, 2004 07:33 PMPost a comment
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