BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Knock Off Fashion

Market Movers

by Yves Smith and Felix Salmon
Main
There's No Such Thing as an Objective Credit Rating   Managers Have No Professional Ethics

Recent Blog Posts

Links

Sep 18 2007 12:00am EDT

Knock-Off Fashion

I'm very happy that James Surowiecki has used his bully pulpit in the annual Style Issue of the New Yorker (perfect bound, with a Gucci ad on the outside back cover) to take a well-aimed potshot at the ridiculous (and counterproductive) idea that designers should be able to copyright their clothes. Surowiecki convincingly explains that when clothes are copied that's good for the original designers, not bad.

I do, however, have one question about Surowiecki's description of the extent of the "problem," insofar as it's a problem at all (it isn't). He paints a picture of knock-off artists scurrying to copy all the latest designs, and even claims that "private-label designers for major department stores trumpet the fidelity of their imitations."

This doesn't ring true to me. After all, major department stores are precisely where the high-priced originals tend to get sold: would they really hire people whose job is to copy those high-priced originals as faithfully as possible – and then allow those designers to "trumpet the fidelity of their imitations" in public? That doesn't sound like good business to me.

On the other hand, as Surowiecki notes, people in the fashion industry don't always act in a profit-maximizing way. If they did, they wouldn't be supporting this bill. And Condé Nast, which is a prime recipient of the fashion industry's billions, might not be so keen to risk angering its biggest advertisers by publishing Surowiecki's column.

blog comments powered by Disqus
Real Business, Real Results
Out of the 'Family'

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Cruz Missile Lands

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Scandal Chic

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More