Heavy Lifting - thoughts and web finds by an economist
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Friday, November 28, 2008
One wonders about the recent trend of Somali Pirates. They clearly violate property rights at one level. However, Ragnar Danneskjöld, the pirate in Ayn Rand's Atlas Shrugged, argued that the apparent paradox of his form of piracy was that the cargo on the ships wasn't the property of thosewho "owned" the ship.
It seems that the modern pirate is violating property rights, and in the case of any private ship carrying private cargo, I suppose that is the case. However, when the ship is carrying T-72 tanks? Whose property is that and how were the tanks procurred? Through taxation or voluntary contribution/trade?
Here's a list of the ships seized thus far. Many of them seem to have the same flavor as the ships that were pirated or scuttled in Atlas Shrugged.
Something to think about.
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