LIES, DAMN LIES, KNOCKOFFS

Knockoffs are products that people buy knowing they are not real because of the quality, price or the place where they get them. What they have in common with counterfeits is that they are both categorised as ‘stealing’. We are rarely thought that creativity and creative ideas have a value too.

COUNTERFEIT=THEFT

A research was conducted by Debbi Mayster; asking a thousand 18 year olds about piracy and found out that it was generally understood, but they still do it.

The production of knockoffs, counterfeits and pirate copies is easy money.

  1. break in somewhere physically (locks, cameras and guards). You are limited by the amount of product that can be found and find someone willing to ‘fence’ it.

  2. when product is knocked off, counterfeits usually have never been near your building, they are able to make as many as it is possible to sell.

06/2024

THE LITTLE GUY LOSES

IP its often dirty business. As long as a business has something valuable, that is when issues begin as only 0.02% of products that are patented get to market.

Therefore counterfeiting uses someone else’s Intellectual Property for profit. If the IP exists then it is ‘stealing’.

IP has been beneficial to society as inventors have the ability to create as they can then make it their own and make money from it. When the market for the product is exhausted, the employer the employer has an incentive do develop a better and improved product to protect its position. When the IP expires (usually after 20 years) other companies can replicate low-cost copies of the product to benefit more people.