Drug trafficking is one of the most resilient and lucrative industries in the world, with estimated revenues of $300 billion a year. Despite the tens of billions of dollars that governments spend every year trying to disrupt them, drug cartels have shown tremendous ingenuity, adaptability, and entrepreneurship to satisfy over a quarter billion customers worldwide. Tom Wainwright will use insights from classical economics and modern business theory to explain how drug cartels work, why they’re thriving, and how the illicit business could be defeated by the laws of economics—that is, by recognizing the futility of prohibition.
Watch video:https://cdn.cato.org/archive-2016/cbf-03-02-16.mp4
Describe how drug cartels are able to recruit new members when their members are murdered. Describe also how the concept of drug cartels’ corporate social responsibility makes it difficult to control drug trafficking in Latin American countries
Do you agree that drugs cartels are actually socially responsible? If not, why not?
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