Friday, March 26, 2010
PIRATES MEAN BUSINESS
I discover in my travels that the Somali pirates actually have a business model, and I must confess that I silently sigh that all revolutions could be so well organized, even if you do have to bring your own machinegun. I also discovered in some collateral wandering that the unprotected seas around Somalia have been used by developed nations as a dumping ground for waste, toxic or otherwise for years now, giving the already deeply fucked-over Somalis more to be mad about.
“To be eligible for employment as a pirate, a volunteer should already possess a firearm for use in the operation. For this 'contribution', he receives a 'class A' share of any profit. Pirates who provide a skiff or a heavier firearm, like an RPG or a general purpose machine gun, may be entitled to an additional A-share. The first pirate to board a vessel may also be entitled to an extra A-share. At least 12 other volunteers are recruited as militiamen to provide protection on land of a ship is hijacked, In addition, each member of the pirate team may bring a partner or relative to be part of this land-based force. Militiamen must possess their own weapon, and receive a 'class B' share -- usually a fixed amount equivalent to approximately US$15,000...
When ransom is received, fixed costs are the first to be paid out. These are typically:
• Reimbursement of supplier(s)
• Financier(s) and/or investor(s): 30% of the ransom
• Local elders: 5 to 10 %of the ransom (anchoring rights)
• Class B shares (approx. $15,000 each): militiamen, interpreters etc.
The remaining sum -- the profit -- is divided between class-A shareholders”
(Click here for the whole thing.)
Click here for The Deviants
The secret word is Mainbrace
Posted by Mick at 3/26/2010 02:40:00 PM