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. Xxx live sexy cams commented on May 04

    Xxx live sexy cams

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

  2. Trending hip hop commented on May 04

    Trending hip hop

    […]please go to the websites we comply with, such as this one, because it represents our picks from the web[…]

  3. Sex live commented on May 05

    Sex live

    […]Here is a good Blog You may Come across Fascinating that we Encourage You[…]

  4. belle notre dame de paris testo commented on May 05

    belle notre dame de paris testo

    […]Every the moment in a although we decide on blogs that we study. Listed below are the most recent sites that we choose […]

  5. Fuel delivery commented on May 05

    Fuel delivery

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless truly worth taking a look, whoa did 1 find out about Mid East has got more problerms also […]

  6. Inspections Hawaii Inc commented on May 05

    Inspections Hawaii Inc

    […]just beneath, are various totally not related websites to ours, nevertheless, they are certainly worth going over[…]

  7. Sex girls live commented on May 06

    Sex girls live

    […]always a large fan of linking to bloggers that I love but do not get a good deal of link love from[…]

  8. Freexxx commented on May 06

    Freexxx

    […]just beneath, are quite a few entirely not connected web-sites to ours, on the other hand, they are surely really worth going over[…]

  9. lesbian sex commented on May 06

    lesbian sex

    […]here are some hyperlinks to web pages that we link to because we consider they’re worth visiting[…]

  10. Porno videos commented on May 06

    Porno videos

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless seriously really worth taking a look, whoa did one particular understand about Mid East has got extra problerms too […]

  11. Tranny cams commented on May 06

    Tranny cams

    […]one of our visitors recently encouraged the following website[…]

  12. Iphone deal posted on May 07

    Iphone deal

    […]usually posts some really exciting stuff like this. If you’re new to this site[…]

  13. Cheap iphone cases posted on May 07

    Cheap iphone cases

    […]that will be the end of this report. Here you will come across some web-sites that we assume you’ll enjoy, just click the hyperlinks over[…]

  14. lelo vibrator commented on May 07

    lelo vibrator

    […]Here is an excellent Blog You might Obtain Intriguing that we Encourage You[…]

  15. Cases for iphone X commented on May 07

    Cases for iphone X

    […]very couple of web sites that transpire to become comprehensive below, from our point of view are undoubtedly properly really worth checking out[…]