Search Helium

Home > Politics, News & Issues > International Politics > International Politics (Other)

The economics of modern day piracy

by Richard Watkins

Created on: April 22, 2009

There are two sides to every story, the media has a bad habit of bringing to the publics attention only one side. If its story like this about a crime such as piracy, the media will usually command our attention towards the pirates and the wrongs they are committing. While piracy is wrong, bad, and a crime; the unreported "other" side of this two sided story is atrocious. Why would the media make a mountain of a molehill when they already have a mountain they could have reported regarding the Somalia


piracy? Mula baby, of course, its always the money. It is all about making a profit.

Italian and Swiss hazardous disposal firms, Progresso and Achair: In the early 90's, companies began importing their toxic bio-hazardous waste to the Somalian waters. While this fact has not been mentioned on the six o'clock news, during the piracy reports; it is well documented. The United Nations was approached by concerned Somalians and they ignored them. There are photos that show broken containers that floated to the shore after the 2005 Tsunami that once held radioactive hazardous hospital and chemical waste. There is the recorded levels of heavy metals and nuclear waste in the waters off the coast. So, there is no doubt that this side of the story is not true. How much is the Italian Mafia who runs 40 percent of Italy's waste management saving that government by having these corporations take barrels of toxic waste out to the waters of Somalia
to dump them? It's a HUGE savings. Contracts signed by the two companies and former Somalian president Ali Mahdi Mohammad agree that for 10 million tons of toxic waste, they would pay 80 million dollars. This works out to approximately $8.00 per ton. The cost to properly dispose of this type of waste in Europe? $1,000.00 per ton. Now, that's a deal. One that if you were a corporation, which psychologists say if a corporation were a human being, they would possess the personality a dangerous psychopath, you couldn't pass that up. I highly doubt this deal between the former president and these two evil corporations, ever benefited one single Somali. It's very easy to corrupt the leaders of countries as poor as Somalia
and corporations do it all the time. They live high and mighty on one side of the planet and crap on the other side and that's how they manage.

The people of Somalia: The average ransom asked for when a ship is taken over by pirates is 2 to 3 million, but in some cases they've demanded as much as six million. For a few clans

Helium Debate

Cast your vote!

Will insurgency in Iraq ever end?

Click for your side.

Featured Partner

OCD Chicago

more


CONNECT WITH US

Read
our blog
Helum for writers

Write and get published
Share with other writers
Polish your freelancing skills

Join our active writing community
Helium Content Source for Publishers

Quality articles from proven freelancers
Exclusive rights, fast turnaround
Brand engagement, business blogging -- our writers do it all

Get custom content today!

INFORMATION


Helium, Inc.
200 Brickstone Square Andover, MA 01810 USA
#