An Economic Analysis of the Somali Pirate Business Model

Came across a nice article on Wired.com magazine...

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

Good read…funny and informative (with charts and equations)! J

Interesting to know that even pirates “rather than squandering their loot, they reinvest in equipment and training.” …in short, there is no escape from continuous learning and upgrading skills, no matter what you do for living J

http://www.wired.com/politics/security/magazine/17-07/ff_somali_pirates

http://www.wired.com/politics/security/magazine/17-07/ff_somali_pirates_attack

http://www.wired.com/politics/security/magazine/17-07/ff_somali_pirates_negotiation

http://www.wired.com/politics/security/magazine/17-07/ff_somali_pirates_resolution

~ Kaustubh