Interesting news here that Alibaba, the Chinese tat emporium, is spending very large sums of money on chasing down the purveyors of forgeries and counterfeit products. Near a couple of hundred million on chasing down those sellers in fact. And this backs up something I've been saying for a number of years now. We've all been making a mistake in public policy when we include intellectual property (IP) protections in the various trade treaties we sign. TRIPS and all that follows from it has been the wrong thing to be doing. For what that does is imposes our versions of IP protections on people who really aren't very interested in protecting our interests. What we would prefer is that people impose IP protections upon themselves because it is in their interests to do so. And that is what happens as economies pass a certain level of production and wealth. As we're seeing in this Alibaba case.