So I saw this crazy article on slashdot.org today about how Somali Pirates are starting up a stock exchange of sorts. This makes me think of future headlines like.... Ninjas rock Somali Pirate Stock Exchange.... Pirate Booty Futures taking a Black Swan Dive.
Excerpts from the article:
"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."
The gangs have made tens of millions of dollars from ransoms and a deployment by foreign navies in the area has only appeared to drive the attackers to hunt further from shore.
It is a lucrative business that has drawn financiers from the Somali diaspora and other nations -- and now the gangs in Haradheere have set up an exchange to manage their investments.
1 comment:
You know the ninjas would destroy it.
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