So what you are saying is: buy something on credit; hope they don't catch you in 5 years and it is yours for free!
There is another line of thinking... If it is not yours fight it, if it is your debt, pay it. If you borrowed money and didn't pay it back, you stole their money. I had a zombie debt pop up and I paid it. Why? Because I legitimately owed the money, I had lost my job and couldn't pay at the time.
This is more a victimless crime than Identity Theft. Why isn't there a warning on your ssn card?