Duc, sequere, aut de via decede!

Deviant economics

August 30th, 2009 . by Matt

This is quite interesting. Here is the synopsis.

A new class of global actors is playing an increasingly important role in globalization: smugglers, warlords, guerrillas, terrorists, gangs, and bandits of all stripes. Since the end of the Cold War, the global illicit economy has consistently grown at twice the rate of the licit global economy. Increasingly, illicit actors will represent not just an economic but a political force. As globalization hollows out traditional nation-states, what will fill the power vacuum in slums and hinterlands will be informal non-state governance structures. These zones will be globally connected, effectively run by local gangs, religious leaders, or quasi-tribal organizations – organizations that will govern without aspiring to statehood.

Anyone interested in the underground of the global economy should watch this.

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