This is a unique look into the huge and fascinating multi-billion dollar international drug industry. Rather than reporting it as a “war,” Wainwight looked at the drug trade as a business, with a quarter billion customers and worldwide revenues of about $300 billion a year—with similar concerns as any Fortune 500 business, such as human resources, outsourcing and corporate social responsibility.
Some of Wainwight’s insights to help turn the way we think about the war on drugs on its head include:
•Supply and demand. Drug cartels, as monopoly-buyers, use tactics like forcing their suppliers, the farmers, to absorb price shocks when coca fields are eradicated, rather than absorb it themselves.
•Research and development. The cartels have invested in innovative ways to increase yield from c ...Read More
This is a unique look into the huge and fascinating multi-billion dollar international drug industry. Rather than reporting it as a “war,” Wainwight looked at the drug trade as a business, with a quarter billion customers and worldwide revenues of about $300 billion a year—with similar concerns as any Fortune 500 business, such as human resources, outsourcing and corporate social responsibility.
Some of Wainwight’s insights to help turn the way we think about the war on drugs on its head include:
•Supply and demand. Drug cartels, as monopoly-buyers, use tactics like forcing their suppliers, the farmers, to absorb price shocks when coca fields are eradicated, rather than absorb it themselves.
•Research and development. The cartels have invested in innovative ways to increase yield from c ...Read More
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