Naked Capitalism Link of the Day

Today's link : China frauds that kill people, at Bronte Capital. From the story:

Rock climbing equipment is sold by name and reputation.  There is not a government standard but climbing equipment is tested to destruction by the International Mountaineering and Climbing Federation (the UIAA).  The UIAA produces one of the best private safety standards in existence.

Now to add to children's toys containing lead there is fake climbing equipment coming out of China.  Petzl - a reputable manufacturer - has been putting out warnings about equipment which copies their logo and stamps but does not meet UIAA standards.  The equipment fails under 70 percent of required test loads.

The Chinese frauds I write about will hurt you financially.

This Chinese fraud will splatter your brains on the ground.

That is a lot worse than breaking a cheap wrench working on the tractor.