The sale of counterfeit and pirated goods is big business. The estimated value of the Canadian counterfeit market is between $20 billion and $30 billion. Fake iPhones, NBA jerseys, Oakley sunglasses, Calvin Klein boxers, and Canada Goose parkas can be purchased in street markets, boutiques, and malls in many parts of Canada. Counterfeit goods are not limited to branded goods. Increasingly less expensive items like CDs, DVDs, pharmaceuticals, makeup, batteries and toys, are being counterfeited, mass-produced, and sold.

What are the legal, ethical, and economic problems posed by the manufacture and sale of counterfeit goods?

Why do some people view counterfeiting to be a victimless crime? Do you agree with that view?Why or why not?