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politics Uncategorized

Pirate Democracy?   – Why Nations Fail

Pirate Democracy?   – Why Nations Fail In his fascinating book The Invisible Hook, Peter Leeson shows that such democracy was the norm amongst pirate crews who ravaged the Caribbean and other parts of the world in the 18th century. Pirate crews not only elected their captains on the basis of universal pirate suffrage, but […]

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Mystery Somali mercenary army concerns Obama administration

The Obama administration is concerned about a private military force aimed at combating piracy in northern Somalia’s semiautonomous Puntland region because there are unanswered questions about who is behind the operation. From Salon.com Is this a 3rd or 4th front on the war on terror?

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economics Uncategorized

Somali Pirates Open Up a “Stock Exchange”

‘Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 “maritime companies” and now we are hosting 72. Ten of them have so far been successful at hijacking,’ Mohammed [a wealthy former pirate who took a Reuters reporter to the facility] said Somali Pirates Open Up […]

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politics Uncategorized

Obama the Pirate Killer, in graph form

From jamiemottram by way of andrewsullivan

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politics Uncategorized

Blackwater vs. Blackbeard

Blackwater is now receiving inquiries from dozens of new clients, mainly shipping companies and shipping insurance companies. All of them want the same thing: for Blackwater mercenaries to guide their freighters and tankers safely past Somalia, through the world’s most dangerous waters, the hunting grounds of bands of pirates armed with Kalashnikovs and grenade launchers, […]

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Why is Washington exaggerating the pirate threat?

Despite their impressive exploits of late—seizing oil platforms off the coast of Nigeria and, memorably, firing rockets at a cruise ship off Somalia—modern maritime pirates have been robbed of the mystique that once made them stars of the criminal underworld. A steady increase over the last decade in the number of thefts, hijackings, and killings […]