Tag Archives : Gulf of Aden

Scott Carney published an interesting article in Wired about the relationship between capitalism and piracy in Somalia. In addition to generating controversy with the union of the two issues, the editors decided to launch a game on your site called “Cutthroat Capitalism” to illustrate and make the content a little more interactive. Carney explained [...]

The pirates are definitely winning the battle of the seas. Pirate attacks continue. The piracy trade continues to flourish. Piracy is a crime. Criminality has its root cause in other socioeconomic conditions. Pirates are the same thieves, kidnappers, hijackers, and marauders. Only, their crime scene happens to be the sea. This is the reason why piracy [...]

Somali pirates are businessmen. They have a pricing policy. They have traders working with them. They even have a spokesman. Just as financial traders and market speculators can be, they can also become excessively greedy and aggressive. This is clearly what is happening today off the eastern coast of Africa. These buccaneers-entrepreneurs certainly [...]

Somalia’s parliament has unanimously approved the application of Islamic law or Sharia in the country. This decision is but an endorsement of a resolution made more than a month ago by the cabinet, as well as a logical result of the election in late January of an Islamist as President of Somalia, Sheik Sharif Sheik Ahmed. This does not come as [...]

Somali pirates have threatened to retaliate after two hostage rescues by foreign forces have killed at least five of their companions. The last operation undertaken by US forces gained the release of Captain Richard Phillips. Three Somali pirates perished during the rescue operation. Recent events have raised fears of increased violence in the shipping [...]