Tuesday, January 13, 2009

Where's the Phantom when you want him?

Where's the Phantom when you want him? After reading the story from the BBC about the pirates who live in Eyl a town in Somalia is almost with a sense of total disbelief that one reads about the inability of modern societies to prevent gun toting pirates in this day and age.

Where is the money going is another good question? Any country whose total GDP is 20 million per annum this story purports that the ransoms obtained by the pirates for the shipping they have hijacked amounts to something like $30 million per annum. What do people do with an amount of money that is greater than the total amount of money that comes through their own country. It appears that one thing they did not do is to head for politics to become part of the government of the country. After all why would they need to do this they have demonstrated to all and sundry that they could make more money than the government on any day of the week and that their families can benefit from their entrepreneurial skills far better in this environment that if they were living under normal government regime. Read the story for yourselves and then tell me what you think about piracy in 2009.

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