Cutthroat Capitalism

It turns out the the story about Russian luxury yachts taking people to hunt pirates off the coast of Somalia was a hoax. Doesn't the world suddenly seem like a sadder, emptier place?

Well, we'll have to settle for the digital next-best. To accompany a feature about the new pirate menace and its economic implications, Wired released a Somali pirate simulation today: Cutthroat Capitalism.

Of course, Reason has been all over the pirate econ beat, with a fat review of George Mason economist Pete Leeson's new book The Invisible Hook here, and the story of how he hooked a wench for life here.