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Sunday, February 07, 2010

Freer enterprise

Suppose you wanted to do an experiment to see what the natural set of economic arrangements in society might be, perhaps curious to see if free enterprise is a self-emergent property of economic systems that lack central co-ordination (as it is in World of Warcraft, for example).

The thing to do would be to go somewhere where there is no government and see. Well, the experiment is underway even as we speak. There is a place where the writ of government does not run and people are free to pursue their dreams. Not in some dreary Welsh commune full of welfare warriors, but in everyone's favourite seaside tropical paradise, Somalia.

In Somalia's main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate.

[From Somali sea gangs lure investors at pirate lair | Reuters]

"Criminal" is in the eye of the beholder, of course, but this is exactly what my sons and their friends get up to in World of Warcraft: pool effort and go off and kill people and steal their stuff. Anyway, these enterprising heirs to Sir Walter Raleigh and Sir Francis Drake, absent Spanish treasure fleets from South America have been raiding treasure fleets from the new Eldorado, the Gulf. And a pretty profitable business it is too.

"I am really happy and lucky. I have made $75,000 in only 38 days since I joined the 'company'."

[From Somali sea gangs lure investors at pirate lair | Reuters]

Yes, it's the Indian Ocean Bubble!

In the future, everyone will be famous to fifteen people.
[posted with ecto]

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