GAO To The Rescue Again: Suggests Counterfeiting Not Nearly As Big A Problem As Industry Claims
from the hurray-GAO dept
We were recently pointing out that the Government Accountability Office (GAO) seems to be doing a consistently fantastic job cutting through bogus and misleading claims from politicians and corporations. They've trashed e-voting machine testing, pointed out that grandstanding politicians were wrong in suggesting file sharing resulted in more porn, told the FCC that the way it measures broadband competition is bogus (multiple times) and recently explained how the way the patent system is currently set up, it could be slowing down the development of new drugs, rather than speeding it up. It really is nice that the GAO hasn't become politicized and really does take its job pretty seriously. The latest report from the GAO suggests (not too surprisingly) that all the whining you've been hearing about counterfeit products coming into the US, including the claim that 5 to 7% of world trade is in counterfeit products, is totally overblown. The GAO looked at the actual data and found that the numbers suggest a much, much smaller percentage of the economy is built on counterfeit goods.