* The market for fake goods, of course, ranges far beyond Chinatown and New York. After gathering momentum for more than forty years, the phenomenon is now a formidable affair. Counterfeiting is illegal almost everywhere on our planet, though the severity of the punishment varies from country to country, as does people’s view of the morality of buying counterfeits. (See Frederick Balfour, “Fakes!” BusinessWeek, February 7, 2005.)


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