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Behind The Business Plan Of Pirates Inc.

Piracy off the coast of Somalia has become an international problem — and an international business. Navy SEALS rescued an American merchant captain earlier this month after Somali pirates raided the Maersk Alabama as it was making its way around the Horn of Africa to deliver aid.

But the issues of criminality and the potential for violence aside, a closer look at the “business model” of piracy reveals that the plan makes economic sense.  Listen here.

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