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More on those pirates…
The Nation magazine (U.S.) has an interesting short read by Richard Pollak on the market incentives for just letting ocean piracy happen. As it turns out, it is far cheaper for shipping companies to do nothing than to protect their crews: No reliable statistics measure the annual cost of piracy, but one likely high estimate…
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Pirates, Propaganda, and CNN
-“Heroes and villians” — it is standard rhetorical fare for elected officials, media outlets, and the general public. We all want our uplifting stories of freedom, set against the backdrop of immorality and danger. The story of the Somali pirates is no exception. This is not to say many of the pirates are in fact…