The Truth About Somali Pirates

"Remember When We Were Just Fishermen?"

"Remember When We Were Just Fishermen?"

I detest when pundits from the left trot out the whole “root causes” thing in defense of shameless acts on the part of America’s enemies.  I equally loathe the black-and-white, right-and-wrong absolute views espoused by the right when clearly, there is some crucial nuance to some of these stories.

The taking of hostages or hijacking of any vessel is criminal.  Furthermore, taking a ship flying under the American flag and holding one of our citizens as a hostage basically entitles this crew of Somali pirates to a beatdown of epic proportions in my book.

But what if the pirates were created by forces larger than themselves?  Why do the people of Somalia support the pirates by an overwhelming margin of 70%?  Why do many of the pirates consider themselves a “Coast Guard“, while they consider the western ships in their own territorial waters to be the “Sea Bandits“?

I recently read an article that made be think twice about the other side of the pirate situation.  Johann Hari, writing in The Huffington Post, gives us a rationale for why the Somalis have taken to the sea in gunboats.

The basics:

  • The Somalian State collapsed in 1991.
  • European commercial fishing operations moved in and began wholesale poaching of the country’s native food supply from the ocean.  More than $300 million worth of tuna, shrimp, lobster and other sea life has been taken away, putting the local fishermen out of business.
  • European hospitals, power producers and industrial companies also used the opportunity to dump hazardous waste and materials in Somalian waters.
  • The Italian Mafia is in the “disposal” business for these Euro concerns using the coast of Somalia to offload everything from mercury to lead to cadmium to nuclear materials.  This has further destroyed the fishing trade for Somalians and polluted the coastal region.
  • After the tsunami of 2005, barrels of nuclear waste began washing up on Somalian shores leading to the deaths of more than 300 people from radiation sickness.
  • The United Nations‘ response has been nil.

None of these items justifies piracy, hostage-taking or hijacking, but clearly, when these are looked at as a whole, we can say that the Somali people have been put into a position where they feel they do not have a choice.  Thanks to European abuses and the lack of response from the rest of the world, we now have pirates in the Indian Ocean shipping lanes off the horn of Africa.

And the people in Somalia believe that the pirates are acting in defense of their own people.  Nice situation we’ve allowed to develop.

I pray for the family and the safe return of American captain and hostage Richard Phillips.  I also pray we can find a way to stop dumping nuclear and medical s&$% in other people’s backyards.

Full Story:  You Are Being Lied To About The Pirates (HuPo)

Tags: , , ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Alexander McQueen commented on Aug 21

    Alexander McQueen

    […]just beneath, are a lot of entirely not associated websites to ours, having said that, they may be surely worth going over[…]

  2. Bottega Veneta commented on Aug 22

    Bottega Veneta

    […]please take a look at the internet sites we adhere to, such as this a single, because it represents our picks in the web[…]

  3. Burberry commented on Aug 23

    Burberry

    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless genuinely really worth taking a look, whoa did a single find out about Mid East has got additional problerms at the same time […]

  4. Salvatore Ferragamo commented on Aug 23

    Salvatore Ferragamo

    […]check beneath, are some totally unrelated web-sites to ours, on the other hand, they are most trustworthy sources that we use[…]

  5. Tom Ford commented on Aug 23

    Tom Ford

    […]we like to honor numerous other net websites on the web, even if they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  6. lesbicos commented on Aug 24

    lesbicos

    […]below you will discover the link to some web-sites that we believe you ought to visit[…]

  7. خرید vpn commented on Aug 24

    vpn ایفون

    Admiring the commitment you place into your website and in depth data you provide. It’s amazing to appear across a weblog each as soon as in a while that isn’t the exact same old rehashed details. Great read through! I have bookmarked your web site and…

  8. kakie prazdnici segodnia commented on Aug 24

    kakie prazdnici segodnia

    […]here are some hyperlinks to websites that we link to simply because we consider they are really worth visiting[…]

  9. apps for pc download commented on Aug 25

    apps for pc download

    […]we came across a cool internet site which you could possibly take pleasure in. Take a search should you want[…]

  10. xmobile pro commented on Aug 25

    xmobile pro

    […]please take a look at the websites we follow, like this 1, as it represents our picks through the web[…]

  11. free laptop games download commented on Aug 25

    free laptop games download

    […]The facts mentioned inside the report are a number of the top readily available […]

  12. pc apps for windows 10 commented on Aug 26

    pc apps for windows 10

    […]that may be the end of this report. Here you’ll locate some web pages that we feel you will enjoy, just click the hyperlinks over[…]

  13. discount codes commented on Aug 27

    discount codes

    […]although web sites we backlink to beneath are considerably not associated to ours, we feel they may be basically really worth a go by means of, so possess a look[…]

  14. free porn xxx commented on Aug 27

    free porn xxx

    […]please take a look at the web pages we comply with, such as this one, as it represents our picks in the web[…]

  15. Adult SEO commented on Aug 27

    Adult SEO

    […]usually posts some incredibly fascinating stuff like this. If you are new to this site[…]