Did anyone but me have to chuckle at this 60 Minutes story last night? (I think this was a repeat of a broadcast earlier in the year, but I missed it the first time around.)

Name an American brand. Any brand, and any kind of product.

Clothing, computer chips, car parts. Just name it and we’ll tell you something about it. It’s probably being counterfeited in China as we speak.

For years, China has been the workshop of the world. And for years, American and other western firms have set up shop in China to tap into the enormous, cheap labor force.

The question is: Once the Chinese know how to make an American product, what’s to stop them from copying it?

The answer?

Nothing at all.

And what's to prevent the Chinese from shipping these counterfeits back to the United States? Not much.

With all these American companies outsourcing to other countries, I just had to chuckle that maybe some of this is coming back to bite them!

Of course, it does have its downside as the story ends by reporting that dozens of children from one eastern Chinese city died after being fed counterfeit baby formula and I hope they can stop that. But the Guccis and the Calloways and the Nikes...hey, it's just too bad...you reap what you sow, no pun intended.