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A Time of Reckoning

Piracy And Counterfeiting And What It Costs

Thank you, Dan [Christman], for that introduction. Let me begin by applauding Tom Donohue and the U.S. Chamber of Commerce for their commitment to confronting the worldwide epidemic of counterfeiting and piracy. The Chamber, representing the broad sweep of U.S. business, recognizes the severity of this epidemic and understands what is at stake.

Any civil society rests upon two strong pillars: physical security and economic security.

Five years ago, we learned, tragically, that our physical security is under attack. Since then, we've been a nation at war, with immense resources mobilized to fight a difficult struggle against an elusive enemy.

Today, I want to suggest that the second pillar, our economic security, is also being challenged.

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