Terror’s Purse Strings

LUXURY fashion designers are busily putting final touches on the handbags they will present during the spring-summer 2008 women’s wear shows, which begin next week in New York City’s Bryant Park. To understand the importance of the handbag in fashion today consider this: According to consumer surveys conducted by Coach, the average American woman was buying two new handbags a year in 2000; by 2004, it was more than four. And the average luxury bag retails for 10 to 12 times its production cost.

[...]Shoppers descend on Canal Street in New York, Santee Alley in Los Angeles and flea markets and purse parties around the country to pick up knockoffs for one-tenth the legitimate bag’s retail cost, then pass them off as real.

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Sales of counterfeit T-shirts may have helped finance the 1993 World Trade Center bombing, according to the International AntiCounterfeiting Coalition. “Profits from counterfeiting are one of the three main sources of income supporting international terrorism,” said Magnus Ranstorp, a terrorism expert at the University of St. Andrews, in Scotland.

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So it comes down to us. If we stop knowingly buying fakes, the supply chain will dry up and counterfeiters will go out of business. The crime syndicates will have far less money to finance their illicit activities and their terrorist plots.[...]

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