Non Olet

tiffehr:

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.

…

“The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials … we’ve made piracy a community activity.”

Via Planet Money. I’ll bet there are investors who are shareholders in both the piracy and the shipping insurance companies. Piracy as a bubble?

[I suspect this is—in historical terms—partnership in commendam rather than stock exchange per se.