Amazon and Ebay Opened Pandora's Box of Chinese Counterfeits
I believe American companies are uncompetitive in the &quot;new world order&quot; - where 99% of durable consumer goods (yes, that&#x27;s how economists call it) categories are either made in China, or not being made at all (edit.)<p>Americans are not as innovative and strong as Chinese in the way they appropriate designs and ideas: Chinese extract all value from novel high margin niches quickly, they run at the forefront at the race to the bottom in mass market goods, and do painless exits from product niches that are sucked dry and are out of trend&#x2F;hype cycle.<p>American companies needs to become more innovative to compete with Chinese. Completely scraping the useless concept of &quot;intellectual&quot; property of every kind, and the idea that one can &quot;own&quot; and idea and create captive markets through that ownership will be the first step in that direction.