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Somali Pirates Open Up a "Stock Exchange"

kdawson posted more than 4 years ago | from the send-in-the-sba dept.

Security 666

reginaldo writes to clue us that pirates in Somalia have opened up a cooperative in Haradheere, where investors can pay money or guns to help their favorite pirate crew for a share of the piracy profits. "'Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 "maritime companies" and now we are hosting 72. Ten of them have so far been successful at hijacking,' Mohammed [a wealthy former pirate who took a Reuters reporter to the facility] said. ... Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out after one of the gangs freed a Spanish tuna fishing vessel. 'I am waiting for my share after I contributed a rocket-propelled grenade for the operation,' she said, adding that she got the weapon from her ex-husband in alimony. 'I am really happy and lucky. I have made $75,000 in only 38 days since I joined the "company."'"

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Paging Bernie Madoff Clients... (5, Funny)

Skellbasher (896203) | more than 4 years ago | (#30293456)

Have we got a great deal for you!!

Re:Paging Bernie Madoff Clients... (2, Funny)

francium de neobie (590783) | more than 4 years ago | (#30293584)

Is it the type of offer they can't refuse?

Re:Paging Bernie Madoff Clients... (2, Funny)

fuzzyfuzzyfungus (1223518) | more than 4 years ago | (#30293664)

Almost certainly better than the last one they got, ironically enough...

Re:Paging Bernie Madoff Clients... (2, Informative)

skine (1524819) | more than 4 years ago | (#30293750)

Almost certainly better than the last one they got, ironically enough...

Most deals are better than the one the Somalians got...

That being foreign companies overfishing their waters in some areas, while dumping toxic waste in other areas*. This is a huge blow seeing as their main food source is fish.

This is not to condone their actions, but to explain why they feel justified in stealing from passing ships - since "passing ships" have destroyed their livelihood.

*The coastline of Somalia has as much coastline as the US does from Maine through Louisiana, so dumping and fishing do not necessarily imply that the former contaminates the latter.

Re:Paging Bernie Madoff Clients... (-1, Offtopic)

Anonymous Coward | more than 4 years ago | (#30293966)

hey wait a sec, Somalians are negroes aren't they?

Re:Paging Bernie Madoff Clients... (2, Interesting)

Shakrai (717556) | more than 4 years ago | (#30293972)

since "passing ships" have destroyed their livelihood.

Don't the warlords who destroyed their country and turned it into a failed state deserve some (most?) of the blame for that? If they still had a functioning state they would have a Coast Guard and the ability to regulate their waters. Why don't they turn all of those AK-47s and RPGs on the warlords?

John Smith would be proud. (2, Insightful)

BlackErtai (788592) | more than 4 years ago | (#30293468)

Behold the mighty reach of Capitalism! The waves crash and the seas may boil, but the market reaches into the hearts of even the most desperate!

Re:John Smith would be proud. (0)

Anonymous Coward | more than 4 years ago | (#30293526)

Capitalism? This sounds more like Mutual Aid to me.

Mutual aid is a term in political economy used to signify the economic concept of voluntary reciprocal exchange of resources and services for mutual benefit. The concept is central to libertarian socialist and anarchist thought.
en.wikipedia.org/wiki/Mutual_aid_(politics)

Re:John Smith would be proud. (0)

Anonymous Coward | more than 4 years ago | (#30293760)

Wait wait. You are telling me that exchanging money for goods and services is a central concept to libertarian socialism?

Adam Smith? (1)

A nonymous Coward (7548) | more than 4 years ago | (#30293616)

Probably. Too many Smiths in history.

Re:John Smith would be proud. (0, Redundant)

Valdrax (32670) | more than 4 years ago | (#30293880)

Behold the mighty reach of Capitalism! The waves crash and the seas may boil, but the market reaches into the hearts of even the most desperate!

Who is John Smith?

Hey Somali Pirates! (4, Funny)

MillionthMonkey (240664) | more than 4 years ago | (#30293474)

Do you need an interactive website? Is telecommuting OK?

Re:Hey Somali Pirates! (2, Funny)

fuzzyfuzzyfungus (1223518) | more than 4 years ago | (#30293774)

Just tell them about your extensive experience with RPGs. Make sure to keep a straight face when you tell them that "zork" is, in fact, a particularly obscure unlicenced eastern-bloc knockoff. You'll definitely get the job.

Re:Hey Somali Pirates! (2, Funny)

Shakrai (717556) | more than 4 years ago | (#30293866)

Just tell them about your extensive experience with RPGs.

Does extensive experience [wikipedia.org] with panzerfausts [wikipedia.org] count the same?

Re:Hey Somali Pirates! (4, Funny)

MichaelSmith (789609) | more than 4 years ago | (#30293824)

They should first get themselves a good domain name [piratebay.com] .

Re:Hey Somali Pirates! (1)

Dexter Herbivore (1322345) | more than 4 years ago | (#30293862)

Can I get a few shares if I refer you to these guys? http://www.assob.com.au/ [assob.com.au]

Stock Tip (3, Interesting)

Tehrasha (624164) | more than 4 years ago | (#30293878)

Anyone feel like starting a fund to buy these guys a bunch of life-jackets with little bulls-eyes on them?

Consider it an investment with the intent to sell short.

Shark Riders! (1)

Cobra Spaz (1480491) | more than 4 years ago | (#30293478)

I want to invest in the Shark riding pirates somebody mentioned about in the thread about the net cannon.

WANT TO EARN $8000 A MONTH? (1)

cosm (1072588) | more than 4 years ago | (#30293480)

'I am really happy and lucky. I have made $75,000 in only 38 days since I joined the "company."

Sounds eerily familiar to the emails I find in my spam box. I wonder if the investors have to participate in 2 out of 3 other pirate offers to qualify.

Yesss!! (4, Funny)

jocabergs (1688456) | more than 4 years ago | (#30293482)

Now half of my dream equation is complete; however, my plans will truly come to fruition the day there is a Ninja stock exchange. Then the eternal hypothetical fight of the ages past can be settled, "Who would win in a stock trade battle, Ninja's or Pirates?" (btw, by settled I mean the Ninjas will trade the shit out of the Pirates...)

Re:Yesss!! (1)

MechaStreisand (585905) | more than 4 years ago | (#30293974)

Don't you mean, "Ninja's or Pirate's?"

All together now... (1)

Jhon (241832) | more than 4 years ago | (#30293486)

Ho ho, all together.
Hoist the colors high!
Heave ho, thieves and beggers
Never shall we die!

That's funny, expecting her share? (1)

areusche (1297613) | more than 4 years ago | (#30293490)

They're freaking pirates! This woman is an idiot if she expects any money from this. It's not like she's seeding a movie!

Re:That's funny, expecting her share? (4, Interesting)

cptdondo (59460) | more than 4 years ago | (#30293544)

I think you miss the point. They're not rogues; it's a lucrative business that is the most profitable job out there.

They've been doing this for a while, and by now there has to be an infrastructure supporting this. The pirates have to have ports, ships, backers.

It's just come out into the open.

Understand Africa; a couple of US$ will buy a Kalashnikov. A $75,000 payday is a fortune that is more than most Somalis will see in a lifetime.

You can bet this will succeed, until something better (more profitable) comes along.

Remember that archelogists pay the going exchange in gold to their workers if they find any artifacts. Same thing; shipping companies will pay this as long as it's cheaper than the alternatives. As long as the Somalis charge 95% of the other routes, it will prosper.

Re:That's funny, expecting her share? (1)

FooAtWFU (699187) | more than 4 years ago | (#30293624)

On the other hand, the Albanian economy was devastated by Ponzi schemes in the 1990s - investment vehicles which were contributed to largely by people who were aware something was afoot, but assumed they were buying into some sort black-market operations (not outright scams).

Re:That's funny, expecting her share? (1)

MillionthMonkey (240664) | more than 4 years ago | (#30293548)

Well it all depends on whether the Somali government will bail out the pirates. They'd better... I've got a CDO riding on the pirates not defaulting on this lady.

Re:That's funny, expecting her share? (0)

Anonymous Coward | more than 4 years ago | (#30293566)

don't worry, the somali's don't do this "government" shit.

Re:That's funny, expecting her share? (5, Funny)

fuzzyfuzzyfungus (1223518) | more than 4 years ago | (#30293810)

Actually, by virtue of a large number of competing governments, and very low barriers to entry, the free market now provides Somalis with some of the finest governance available!

That's how it works, right?

Re:That's funny, expecting her share? (4, Funny)

MillionthMonkey (240664) | more than 4 years ago | (#30293846)

And they don't have to worry about implementing a cap-and-trade program because if sea level rises they'll just float.

Re:That's funny, expecting her share? (1)

black3d (1648913) | more than 4 years ago | (#30293586)

I guess you're maybe going for a +funny mod, but its too subtle to be sure. ;)

In relation to the claim, pirates have been paying shares in rewards to their support groups for some time now. This appears to be simply formalising the process. This is real, and she WILL get her share.

Re:That's funny, expecting her share? (1)

Chyeld (713439) | more than 4 years ago | (#30293736)

Till one day one or the other sides gets greedy, and the lady gets her RPG returned to her the old fashion way.

Re:That's funny, expecting her share? (2, Insightful)

Erinnys Tisiphone (1627695) | more than 4 years ago | (#30293872)

That woman needs a Wikipedia for posterity's sake. All peoples' talk about globalization, and philosophy, and humanism seems pretty laughable - Sahra Ibrahim got a -R.P.G.- as divorce alimony. And then bet it on a pirate expedition. Is anybody else still working on this mental image? Pretty hard to comprehend from where we're sitting.

Re:That's funny, expecting her share? (5, Informative)

pla (258480) | more than 4 years ago | (#30293718)

They're freaking pirates! This woman is an idiot if she expects any money from this. It's not like she's seeding a movie!

Historically, pirates (in the 1600s US/Caribbean/Europe trade route sense) observed a fairly strict code of conduct which included reimbursing investors their fair share; widows/orphans got their ex-father's share, and generally they did a lot less killing than their reputation suggested.

It sounds like modern pirates appear to follow fairly similar rules, which makes for some interesting cognitive dissonance in those who romanticize the old-school version but demonize the Somali version.

Re:That's funny, expecting her share? (5, Insightful)

JoshuaZ (1134087) | more than 4 years ago | (#30293952)

It sounds like modern pirates appear to follow fairly similar rules, which makes for some interesting cognitive dissonance in those who romanticize the old-school version but demonize the Somali version.

The difference in attitude comes from four things: First, the pirates who are primarily romanticized are pirates from European countries. Since the people doing the romanticization are Westerners this makes them more appealing since they potentially share more (geographicaly, culturally, ethnically etc.) Notice how Americans don't romanticize the Barbary pirates. Second, Somalia in particular has a history of problems interacting with the United States (remember the battle of Mogadishu?) and so the attitude their carries over directly to anything Americans hear anything connected to Somalia. Third, the current piracy more directly impacts our society's well-being. It is much harder to romanticize people when they are taking your goods and capturing people who are alive and have family to tell their stories and hardships to the media. This is directly related to the fourth point, romanticization is much easier when it is something that happened a long time ago. In that regard it is similar to humor (joking about the Inquisition, ok but potentially tasteless. Joking about the Holocaust. You need to be careful. Joking about 9/11? Yeah, that's going to be hard to pull off).

All of that said, I don't think people really romanticize historical pirates that much. Most of it is deliberately silly. Look at all the Ninja v. Pirate junk. The closest one has to genuine romaniticization are the Pirates of the Caribbean movies but those were a) Disney movies and b) utterly ridiculous (heck, the so called pirates did very little actual pirating unless they were clearly the bad guys).

Re:That's funny, expecting her share? (5, Funny)

allknowingfrog (1661721) | more than 4 years ago | (#30293796)

Pirate: I'd like to borrow some money.
Banker: For what?
Pirate: I'm planning a bank robbery. The return on your investment will be considerable.
Banker: That sounds reasonable...

there's one born every minute (-1)

timmarhy (659436) | more than 4 years ago | (#30293492)

There will be moron's who invest in this. my guess is they won't see a cent, and the extra money will ramp up piracy to the point ships stop using that route or they have armed escorts which blow somali's out of the water.

Re:there's one born every minute (4, Insightful)

HBoar (1642149) | more than 4 years ago | (#30293638)

I'd say they may well get their money back, plus much more. The pirates aren't the same guys as the scam artists. These guys are getting some serious money, but they do need investment upfront to fund the operations... Just because they are criminals in one respect, doesn't necessarily mean they are in all respects.

Re:there's one born every minute (4, Insightful)

AdmiralXyz (1378985) | more than 4 years ago | (#30293704)

I think you're missing the point. This is not something Wall Street bankers are going to be investing in. The kind of people chipping in to this operation are probably the sort of people who are just as likely as the pirates themselves to not take being cheated so well, and express that dissatisfaction with automatic weapons.

Re:there's one born every minute (1)

Shakrai (717556) | more than 4 years ago | (#30293834)

This is not something Wall Street bankers are going to be investing in

That's too bad, it might be a more solid investment than subprime mortgages and credit default swaps ;) I wonder what Jim Cramer is bullish on them or not?

Re:there's one born every minute (0)

nametaken (610866) | more than 4 years ago | (#30293882)

This already happens. If you'll recall the occasion recently, US Navy SEALS took some of these bastards to school.

In most cases ships will try to repel pirates with non-lethal technologies, which is god-damned retarded. They need to send every one of these animals to the bottom of the ocean.

Imagine being a young Somalian, and choose (1, Insightful)

Anonymous Coward | more than 4 years ago | (#30293500)

a) be poor and out of work ... watching the rich pirates having a good life (who are sharing a little of their money to the locals)
a) die on a overfilled boat to Europe / get sent back if you manage to get there.
c) become a pirate

Re:Imagine being a young Somalian, and choose (2, Insightful)

timmarhy (659436) | more than 4 years ago | (#30293618)

the reason their country is so fucked is because of pirates and other militant activity that prevents any kind of stablity which is required to be prosperous. you left out option d. be productive in some way.

Re:Imagine being a young Somalian, and choose (1)

HBoar (1642149) | more than 4 years ago | (#30293692)

True, but that option is probably just as well obscured to many potential pirates as it was in the GP post.

1) Define 'some way'

2) Tell the africans

3) ????

4) Profit

Re:Imagine being a young Somalian, and choose (2, Informative)

Metasquares (555685) | more than 4 years ago | (#30293848)

3: Open up a branch office of your multinational corporation [wikipedia.org] and employ lots of locals for nearly nothing by the standards of the developed world?

Re:Imagine being a young Somalian, and choose (4, Insightful)

Nadaka (224565) | more than 4 years ago | (#30293724)

Its honestly the other way round. Somalia is a failed state, a pure anarchy, and has been that way for a long time. Many of these pirates are teens that have never known what its like to have a government and are desperately poor and close to starving. Its cheaper for them to buy an AK-47 than to buy a meal. The area is in a terrible famine and drought, farming is not sustainable. The fishing grounds have been bleed dry as they were the only productive food source for a time. They have a choice of joining the islamists as suicide bombers, the genocidal warlords as child soldiers or becoming a pirate.

Re:Imagine being a young Somalian, and choose (-1)

Shakrai (717556) | more than 4 years ago | (#30293766)

They have a choice of joining the islamists as suicide bombers, the genocidal warlords as child soldiers or becoming a pirate.

Actually they have another choice. They could turn those AK-47s that are so easy to come by on the assholes that are fucking up their country. Neutralize the warlords and islamist extremists and the rest of the world might be more willing to invest the resources and capital required to help lift that country out of poverty.

If nothing else at least they could take control of their own destiny for a change.

Re:Imagine being a young Somalian, and choose (1)

dtml-try MyNick (453562) | more than 4 years ago | (#30293958)

If nothing else at least they could take control of their own destiny for a change.

With 75.000 dollars in their pockets on payday I'd say they have a pretty firm grip on their future.
I imagine that's the Somalian equivalent of being a millionaire in Europe or the U.S.

Re:Imagine being a young Somalian, and choose (1)

poopdeville (841677) | more than 4 years ago | (#30293784)

And yarr, I'll be damned if being a pirate isn't better than all the other choices. I'll be damned anyway.

Re:Imagine being a young Somalian, and choose (3, Insightful)

Anonymous Coward | more than 4 years ago | (#30293780)

Actually "pirate" is probably a misnomer - these guys are the Somalian navy. Did it ever cross your mind that it's a little odd for Spanish fishing boats to be off the coast of Somalia, in Somalian waters? The collapse of the Somalian government triggered a "free-for-all" attitude among more disreputable seagoing firms, and the Somali fishermen were suddenly being crowded out of Somali waters by huge foreign firms, many of whom used dangerous and (in other places) illegal tactics to push out the locals. ("Hey, what are you gonna do, call the Somali police on us? Ha!") There have also been a number of vessels dumping wastes in Somali waters, resulting in pollution of beaches in spots along the coastline.

Piracy in this case might better be called privateering - a sort of privately run military aimed at safeguard local fishing rights against theft and prevent encroachment on Somali territory. And if some innocent foreign vessels passing nearby get looted, well, that's just hard luck.

Piracy has never been rare, and usually when there is a government, it winks and nods rather than acting against it. (Queen Elizabeth I was rumored to have made a great fortune through her country's pirates) The Somali "pirates" are primarily condemned so strongly because no government has their backs.

Silly girl... (0)

Anonymous Coward | more than 4 years ago | (#30293504)

'I am really happy and lucky. I have made $75,000 in only 38 days since I joined the "company."' -- Piracy investor Sahra Ibrahim

She's sowing the wind. Wouldn't want to be her come reap-time.

Perhaps (4, Funny)

nightfire-unique (253895) | more than 4 years ago | (#30293512)

Perhaps we can send some folks from the BSA and RIAA over there to educate them about actual, real piracy. Might help them to stop confusing the term with copyright infringement.

regulation (2, Interesting)

vxice (1690200) | more than 4 years ago | (#30293514)

what happens when you have a totally free economy. On the other hand with a completely regulated economy you end stifling entrepreneurship. And with a poorly regulated economy people screw up because they think if what they were doing was wrong there would be rules against it. Lesson is that we need a properly regulated economy, but that is where my insight ends and I revert to criticizing what other people doing I can't be wrong.

The thing is... (1)

symbolset (646467) | more than 4 years ago | (#30293728)

People argue left, and right and liberal and conservative. Here we have a group of people who went off the liberal end of anarchy and came out on the other side of unfettered capitalism. Soon there will be moguls, and the moguls will need a stable society to protect their winnings. The imposition of social order will be difficult at first, but they're heavily armed and well motivated.

Ah, there really is nothing new under the sun.

just bomb them (-1, Flamebait)

Anonymous Coward | more than 4 years ago | (#30293528)

I don't understand why people negotiate with these pirates. It only encourages them. I know I will appear hearthless but the best way to minimise harm would be to send a warplane and sink any vessel a pirate group get control off. It would kill a few innocent people but it would save many more lifes at the end.

Re:just bomb them (1)

afidel (530433) | more than 4 years ago | (#30293640)

Because it's cheaper to pay out a small percentage on an insurance claim then it is to lose vessels, cargo and civil suits over the dead crew. Of course in the long run the correct answer is to do what the American's did and run anti-terrorist operations against them but not many ships fly the American flag anymore even those owned by American companies.

Re:just bomb them (1)

A nonymous Coward (7548) | more than 4 years ago | (#30293650)

How would it save any lives? Very few hostages die. That would be bad for business; pirates don't get ransom for dead crew or sunken ships, and if they tried to, their negotiating credibility wold sink just as fast.

This is a really bad idea (1)

slashqwerty (1099091) | more than 4 years ago | (#30293532)

for everyone but the pirates. Participation in this scheme would be a criminal conspiracy to commit piracy, kidnapping, theft, and hostage-taking. Even if the pirates' plan is to swindle money from the investors and not pay out anything it is still a crime to participate in a scheme where the intent is to commit a crime.

The only reason the pirates have gotten away with their actions so far is because they are outside the jurisdiction of any interested government. People who participate in this scheme from pretty much anywhere but Somalia are likely to find themselves in quite a lot of legal trouble.

Re:This is a really bad idea (2, Interesting)

mysidia (191772) | more than 4 years ago | (#30293740)

That's what brokers are for. People in Europe will give their brokers some money to be "invested in Somalia"

The broker's job will be to get contacts and have them select the most lucrative investments available.

Plausible deniability across the board.

The investor doesn't know exactly who the broker's contacting.

The broker doesn't know what assets the investments are going to. Only that they are going to a "fund" managed by contacts in Somalia.

The fund managers in Somalia operate privately and have strict secrecy and describe investments in only vague terms.

Wrong. (0)

Anonymous Coward | more than 4 years ago | (#30293762)

Piracy is not illegal in Somalia. Once again like a typical ignorant American, you make the mistake of arrogantly thinking U.S. law applies everywhere outside your declining nation. Stick to playing your video games and stuffing your obese body with junk food. I myself am going to invest $100.

Re:This is a really bad idea (1)

Higaran (835598) | more than 4 years ago | (#30293800)

Dude, its Somolia, the only law there is who has a bigger gun or more ammo, and your right no country gives a crap.

Re:This is a really bad idea (1)

DaMattster (977781) | more than 4 years ago | (#30293868)

If this is in international waters, then it stands to reason that killing the pirates would be perfectly legal! I hate to sound crass, but, "Target practice, anyone?" It is one thing to aid a starving or sick person and I am all for that and would gladly assist a Somali boat that flies a distress signal. But pirates wreck havoc for all. Just think of the Maersk crew that nearly perished during a heist. On top of that, the pirates were amped up on khat, an amphetamine making them even more unpredictable.

Why not? (4, Interesting)

mister_playboy (1474163) | more than 4 years ago | (#30293534)

Just a brief read of the article about the Dutch East India Company [wikipedia.org] makes me wonder just how different the two really are.

Legitimacy as a company seems to be determined by how well you succeed and how long you've been around, more than your morals or ethics.

Re:Why not? (1)

ibsteve2u (1184603) | more than 4 years ago | (#30293708)

Seems to be a disturbing correlation between decreasing ethical and moral standards and increasing size, too.

Behold, a free market evangelists dream takes form (2, Funny)

Nadaka (224565) | more than 4 years ago | (#30293538)

This is unregulated laissez faire capitalism at its finest. I'm so proud, little Somolia is growing up.

Re:Behold, a free market evangelists dream takes f (1, Insightful)

Loomismeister (1589505) | more than 4 years ago | (#30293568)

How you got modded up is beyond me...

Re:Behold, a free market evangelists dream takes f (1)

Nadaka (224565) | more than 4 years ago | (#30293610)

A: I start at +2 due to excellent reputation, have not been modded here yet.
B: We both have the comedian achievement. You should understand.
C: Its funny because its true.

Re:Behold, a free market evangelists dream takes f (1)

Shakrai (717556) | more than 4 years ago | (#30293808)

C: Its funny because its true.

No it's not. Even the most die-hard capital 'L' Libertarian would agree that the enforcement of property and human rights are a legitimate function of the state. That would include preventing assholes with AK-47s from holding property and human beings hostage until a nice fat ransom is paid.

Re:Behold, a free market evangelists dream takes f (1)

bendodge (998616) | more than 4 years ago | (#30293720)

It's obviously not rule of law. You're trying an implied attack on the United States' economic model, which is heavily dependent on the rule of law.

Re:Behold, a free market evangelists dream takes f (2, Insightful)

Trepidity (597) | more than 4 years ago | (#30293804)

I read it as an implied attack on anarcho-capitalism, which is not the United States' economic model.

Re:Behold, a free market evangelists dream takes f (1)

jeffrey.endres (1630883) | more than 4 years ago | (#30293844)

It's obviously not rule of law.

And what are regulations if not laws?

Re:Behold, a free market evangelists dream takes f (4, Insightful)

phantomcircuit (938963) | more than 4 years ago | (#30293742)

This is unregulated laissez faire capitalism at its finest. I'm so proud, little Somolia is growing up.

Wrong. There is partial regulation.

In a truly unregulated market the vessels losing millions of dollars would instead pay millions of dollars to have all of the pirates killed.

But they cannot do that because they are regulated.

This is nothing more than an example of uneven regulation (which is usually a sign of corruption, I'm looking at you united nations).

Re:Behold, a free market evangelists dream takes f (2, Insightful)

jeffrey.endres (1630883) | more than 4 years ago | (#30293894)

In a truly unregulated market the vessels losing millions of dollars would instead pay millions of dollars to have all of the pirates killed.

It could be that it is cheaper just to wear the occasional losses.

Re:Behold, a free market evangelists dream takes f (2, Interesting)

Cabriel (803429) | more than 4 years ago | (#30293898)

So, how long do you think it will be until they rewrite the history books and become the freedom fighters who put down the unlawful regime?

Re:Behold, a free market evangelists dream takes f (0)

Anonymous Coward | more than 4 years ago | (#30293908)

Unregulated laissez faire capitalism doesn't include taking your competitors money at gunpoint.

Re:Behold, a free market evangelists dream takes f (2, Interesting)

MindlessAutomata (1282944) | more than 4 years ago | (#30293946)

There's laissez-faire capitalism on the government level, too, I guess, as nobody stands above governments to regulate them. And since there exists bad governments, and since every government oppresses its citizenry on some level, clearly the entire endeavor is a failure and we need god to regulate government, and then something to regulate god.

Also saving the environment (2, Funny)

aurelianito (684162) | more than 4 years ago | (#30293562)

By supporting the pirate industry, they give jobs and new opportunities to the local people. But this is not the only reason why we should support them. They do an amazing job reverting the global warming [wikipedia.org] . Every ecologically responsible person should invest in this stock exchange.

In unrelated news, it is rumored that the Rainbow Warrior [wikipedia.org] will join their fleet.

Gunboat diplomacy (0, Redundant)

martijnd (148684) | more than 4 years ago | (#30293572)

Sorry to tell the investors this -- but since they are now all complicit in murder,piracy and being (registered) members of a criminal organization this more or less legally opens them up to off-shore shelling by naval warships.

Re:Gunboat diplomacy (1)

A nonymous Coward (7548) | more than 4 years ago | (#30293668)

In your dreams, chickenhawk. If they haven't acted by now, this silly little news won't get their blood boiling any faster.

Re:Gunboat diplomacy (1)

Barny (103770) | more than 4 years ago | (#30293936)

Ahh, but you see they are not terrorists (yet), so they are off the radar of the general public.

Give your government some credit though, Somalia will be invaded to preserve freedom soon enough.

Who says crime doesn't pay? (1)

GrubLord (1662041) | more than 4 years ago | (#30293594)

... but what kind of a maniac gives his ex-wife an RPG in alimony?

He's just lucky she decided to 'invest' it, rather than go all Blues Brothers on him.

Sharing resources for a common goal? (0)

Anonymous Coward | more than 4 years ago | (#30293612)

Sounds like socialism to me...

I'll invest.. (1)

RJFerret (1279530) | more than 4 years ago | (#30293626)

...in the Sirens.

Anarcho-capitalism? (0)

Anonymous Coward | more than 4 years ago | (#30293672)

Ahh, what a perfect example of good old free market capitalism at work. Somalia: its a libertarian dream come true! How perfect that my captcha for this post is "markets."

Re:Anarcho-capitalism? (2, Insightful)

Barny (103770) | more than 4 years ago | (#30293964)

As another person pointed out, its not free market capitalism at work, since the people the pirates are preying upon are not free to spend a few million on some guns themselves.

Its a breakdown in the UN sure enough.

Welcome to Distopia (1)

meerling (1487879) | more than 4 years ago | (#30293764)

Guess we should all calm down and order something from Costa Nostra Pizza.

[Snow Crash reference for those that don't know.]

Re:Welcome to Distopia (2)

MichaelSmith (789609) | more than 4 years ago | (#30293864)

Yes I am sure the mafia can make the pirates listen to Reason.

So if I can pay in guns... (1)

Jeian (409916) | more than 4 years ago | (#30293770)

So if I can pay them in guns, any ideas where I can get some exploding AK-47s?

"I am really happy and lucky." (1)

Concerned Onlooker (473481) | more than 4 years ago | (#30293814)

The murdered crew members...not so much. Being happy and feeling lucky on the pain and suffering of others is wretched, no matter who you are or what the business is.

Poor little Somalis (1)

jpmorgan (517966) | more than 4 years ago | (#30293818)

After reading that article, I never want to hear 'they've been driven to it by foreign overfishing and waste dumping' again.

Simple and Elegant (0)

DaMattster (977781) | more than 4 years ago | (#30293826)

Arm the crew of the container and cargo ships with 20mm cannons to repel the pirates - shoot holes in their boats and let them become shark bait. A few dead pirates and, all of a sudden, the "company," will cease to exist. I have no love for piracy and I believe that the world is too leniant on them. They know this too, that is why they continue.

Really? (1)

Mantrid42 (972953) | more than 4 years ago | (#30293832)

Why would anyone think it's a good idea to give their money to professional thieves?

Got an RPG as alimony? (1)

Quila (201335) | more than 4 years ago | (#30293852)

Somalia rocks!

I've just come into some money (0)

zonker (1158) | more than 4 years ago | (#30293874)

I got an email from some guy in Nigeria who says I've come into some money. This sounds like a great investment!

BTW, I've also got an offer on a bridge in New York.

I'm pro-Somalian pirate (1)

svunt (916464) | more than 4 years ago | (#30293888)

Good on them for including the general population. Foreign business has been gouging Somalian waters for fish & dumping toxic shit in their waters for years. The bulk of the Somalian populace considers this to be a fair means of compensation from the criminals who rob them, and I'm not far behind them.

Tomorrow: Somali pirate SEC. (3, Insightful)

Kaz Kylheku (1484) | more than 4 years ago | (#30293900)

To crack down on insider trading and other white collar crime.

Interesting angle... (1)

KingAlanI (1270538) | more than 4 years ago | (#30293912)

They're businesspeople. Criminal businesspeople, to be sure. But the framework in which we should look at this problem thusly is different form the framework in which analyze fundamentalist-terrorism issues.
Okay, okay, Somalia has both going on...

company....means CIA (1)

CHRONOSS2008 (1226498) | more than 4 years ago | (#30293932)

um yea so this is a CIA operation that was or is being done to give the word piracy a bad name ...correct?

GPS (1)

m1xram (1595991) | more than 4 years ago | (#30293938)

Does this exchange have GPS coordinates?
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