Why knock-offs are a bigger problem than you might think

If you’ve ever been to New York’s Chinatown, Los Angeles’ Santee Alley or Hong Kong’s Gage Street, you know what draws the crowds: the chance to snag knockoff Jimmy Choo shoes, a Rolex watch or a pair of Ray-Ban sunglasses for a fraction of the retail price. While consumers may think it’s a “victimless crime” that only hurts big corporations, counterfeiting harms countless individuals as well, from sweatshop workers who toil without legal protections to consumers themselves, many t

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