Somalia's Pirates Have Created Their Own Stock Market - And It's Booming

Excited about the booming pirate economy? Now you can get a tiny cut of Somalian pirate booty by investing in their stock market - that's right, these pirates are now offering stock in their plundering operations.

According to Foreign Policy's Passport blog:

The pirates have set up an exchange in Haradheere, the main port used by the bucaneers, where shares are traded in a whopping 72 pirate outfits. The profits have so far bought countless SUVs, other luxury goodies, and even a slice of revenue for the local government programs. Says the pirate interviewed [by Reuters]: "The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials ... we've made piracy a community activity."

Well no wonder piracy won't go away. Given the options (poverty, militancy, theft), who wouldn't become a pirate? Besides, one wouldn't want to disappoint the shareholders.

At what point does a pirate economy just become a regular old economy?

via FP Passport