Cutthroat Capitalism: An Economic Analysis of the Somali Pirate Business Model (Wired)

[Editor’s note: It’s been a while since I’ve seen gradient country fills (!) on a map but this month’s Wired magazine obliges with their highly stylized map of piracy off the Somalia coast. The Flash version of the print graphic has a nifty approach to panning the zoomed image, but beyond the novelty is not an effective navigation tool, especially with the single zoom in level.]

Republished from Wired.

Most of Somalia’s modern-day pirates are fisherman who traded nets for guns. They’ve learned that ransom is more profitable than robbery, and rather than squandering their loot, they reinvest in equipment and training. Today, no ship is safe within several hundred miles of the coast.

Continue reading at Wired . . .


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