Yes, contrary to one of the posts above. If a company builds a crappy product and sells it for a high price with ridiculous claims, that’s one level, and should eventually sort itself out in the free market. If an overseas company builds an out and out counterfeit with a famous name attached, that's an entirely different category. They’re criminally trading on that established brand, and also effectively cheapening it with their deceptive practice. The idea that there’s even a thread trying somehow to quantify this is offensive. Counterfeiters are thieves, there’s no candy coating it.
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