CNBC nails Trump's psychology perfectly.... [View all]

[Pholus]

in analyzing Jack Ma's overtures to Trump with his "million jobs" pledge. Not as exciting as urine, but where you really need to be operating to survive the Trump years.

http://www.cnbc.com/2017/01/10/jack-ma-trump-pledge-is-fantasy.html

"Jack Ma is great at PR and Trump is a sucker for anybody who kisses his whatever," said Harley Lewin, a partner at New York law firm McCarter & English who's spent 40 years protecting brands and fighting infringement globally. "Ma is going to say that because those are the buzzwords that appeal to the incoming administration."

of course, like anything Trump thinks is a good idea the effect is likely exactly OPPOSITE of the hype.....

It will be FAR harder to get a foothold in the Chinese market because of knockoffs....

In Lewin's extensive work in China, he's noticed a consistent pattern: When a product or category proves to be popular, the number of counterfeits explode, and brands are powerless to stop it, no matter how much policing they do. Ma even acknowledged in a speech in June that the fakes are often of "better quality, better prices than the real products, the real names."

Those knockoffs rapidly appear back in the US....and cost our innovators their jobs in return.

That's not all. Once a company has introduced its product to Chinese counterfeiters, they can start selling their knockoffs globally, whether on Alibaba, Amazon.com or eBay. That makes Chinese counterfeiting a problem that extends far beyond China.

The real reason for the overture is to allow Chinese manufacturers to flood the US online markets.

While Taobao has failed to crack the U.S. consumer market, Alibaba.com and the AliExpress site have served as suppliers to U.S. retailers, who turn around and sell those products at higher prices on Amazon and elsewhere.

But a stupid little man can't look at the big picture in the face of flattery. Even without Trump's help, the Chinese are already dragging our internal economy down.

According to the Counterfeit Report, counterfeiters destroy some 750,000 U.S. jobs and cost domestic businesses over $250 billion a year.

Sad.