Real life eBay for Pirates. You can’t fault the enterprise.

Free enterprise is alive and well in Somalia, seemingly the spiritual home of piracy in the Horn of Africa. Just shows you will never know when evidence of entrepreneurial spirit will pop up and surprise you. This report from Thomson Reuters reports on the pirate exchange that has been set up in Haradheere, Somalia that enables locals to invest and profit from the activities of pirates operating off the coast. “Piracy-related business has become the main profitable economic activity in our area and as locals we depend on their output,” said Mohamed Adam, the town’s deputy security officer. “The district gets a percentage of every ransom from ships that have been released, and that goes on public infrastructure, including our hospital and our public schools.”