Wednesday, May 6, 2009

Told You It Could Be Done

Proof that the pirates can be reasoned with, especially if you speak Money.

... they actually found time sheets onboard the ship after the pirates had left. "We could see that there was a time sheet on a particular person who had been onboard and dates they had been onboard and so many dollars per day, and then a total sum on the time sheet," he says. The pirates, in effect, were clocking in and out.

From this and other ransom situations, here's a typical accounting for a piracy operation: About 20 percent goes to pay off officials who look the other way. About 50 percent is for expenses and payroll. The leader of an attack makes $10,000 to $20,000 (the average Somali family lives on $500 a year). The initial investor — who put in $250,000 of seed capital — gets 30 percent, sometimes up to $500,000.

http://globalguerrillas.typepad.com/globalguerrillas/2009/05/journal-guerrilla-entrepreneurs-take-to-the-seas.html

Again, I insist that investment of capital and more importantly, philosophy, from the west could turn the situation in Somalia from chaos breeding government, to chaos breeding liberty.

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