Anyone who still believes that piracy and counterfeiting are victimless crimes should read Knockoff, which documents the story of the world's fastest-growing crime wave. These offences constitute a global epidemic that is now worth $600 billion. It affects virtually every sector in every country, and is having devastating effects on the economy, our businesses and wider society.
Such statements, especially from the chairman of a record company, are often met with cynicism. There is a perception that somehow big business deserves to have its products stolen; that only the big players are affected; that buying a few fake CDs or a knocked-off bag is just a bit of harmless fun.
Tim Phillips' frank account of the grim realities of the global counterfeiting trade explodes such myths. He describes a senior official explaining how he bought a fake Rolex in Beijing while on Government business - a depressing insight into how casually some policymakers take counterfeiting. The attitude sums up how many consumers feel: buying fakes is a way to hit back at the global luxury brands they feel rip them off.