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We've made piracy a community activity.

From BoingBoing:

Somali nautical pirates have established a stock-market where guns and cash are invested in upcoming hijackings, with shares of the proceeds returned to investors

Emergent Chaos strikes again…

Originally published by Richard on 2 Dec 2009
Last modified on 2 Dec 2009
Categories:   emergent chaos   Uncategorized  

3 comments on "We've made piracy a community activity."

  • David says:
    2 Dec 2009 at 3:58 pm

    The business aspects of piracy fascinate me. I mean, yes, these are criminals raiding ships, but they also have some of the organizational and financing challenges that any company has, and it’s weird to see them in this context. I remember hearing that one police action had captured a low-level member of one of these piracy organizations, and one of the things they found on him was a *time sheet*.

  • kme says:
    2 Dec 2009 at 11:17 pm

    There’s a great book on the business, economic and organisational aspects of piracy – “The Invisible Hook – The Hidden Economics of Pirates” by Peter T Leeson.

  • David says:
    3 Dec 2009 at 1:08 pm

    Thanks, I’ll check it out.

Comments are closed.