Somalia's Pirates Have Created Their Own Stock Market - And It's Booming
source: http://io9.com/5417575/somalias-pirates-have-created-their-own-stock-market-+-and-its-booming
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Excited about the booming pirate economy? Now you can get a tiny cut of Somalian pirate booty by investing in their stock market - that's right, these pirates are now offering stock in their plundering operations.
According to Foreign Policy's Passport blog:
The pirates have set up an exchange in Haradheere, the main port used by the bucaneers, where shares are traded in a whopping 72 pirate outfits. The profits have so far bought countless SUVs, other luxury goodies, and even a slice of revenue for the local government programs. Says the pirate interviewed [by Reuters]: "The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials ... we've made piracy a community activity."
Well no wonder piracy won't go away. Given the options (poverty, militancy, theft), who wouldn't become a pirate? Besides, one wouldn't want to disappoint the shareholders.
At what point does a pirate economy just become a regular old economy?
http://io9.com/5417575/somalias-pirates-have-created-their-own-stock-market-+-an...
According to Foreign Policy's Passport blog:
The pirates have set up an exchange in Haradheere, the main port used by the bucaneers, where shares are traded in a whopping 72 pirate outfits. The profits have so far bought countless SUVs, other luxury goodies, and even a slice of revenue for the local government programs. Says the pirate interviewed [by Reuters]: "The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials ... we've made piracy a community activity."
Well no wonder piracy won't go away. Given the options (poverty, militancy, theft), who wouldn't become a pirate? Besides, one wouldn't want to disappoint the shareholders.
At what point does a pirate economy just become a regular old economy?
http://io9.com/5417575/somalias-pirates-have-created-their-own-stock-market-+-an...
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