Narconomics: How to Run a Drug Cartel

Narconomics: How to Run a Drug Cartel

Author: Cato Institute March 2, 2016 Duration: 1:21:46
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. Moisés Naím will relate the book’s insights to current hemispheric affairs.

Hosted on Acast. See acast.com/privacy for more information.


Step inside the Cato Institute's renowned Washington, D.C. events without leaving your desk. The Cato Event Podcast brings the lecture hall and briefing room directly to you, featuring unfiltered audio from live policy forums, author discussions, and Capitol Hill briefings. Each episode captures the substance of these gatherings, where scholars, policymakers, and leading thinkers engage in detailed conversations about liberty, governance, and current affairs. You'll hear substantive debates and thoughtful commentary that cut through the noise of daily headlines, offering deeper analysis on the issues shaping legislation and public discourse. This isn't a produced studio show; it's a front-row seat to the kind of candid exchanges that happen when experts gather to challenge conventional wisdom. The Cato Institute, through this podcast, provides a direct conduit to these discussions, emphasizing a perspective rooted in individual freedom, limited government, and free markets. Tune in for a raw, intellectual experience that goes beyond soundbites, perfect for anyone who wants to understand the foundational ideas behind today's political news.
Author: Language: English Episodes: 102

Cato Event Podcast
Podcast Episodes
The Federal Role in Public Transit [not-audio_url] [/not-audio_url]

Duration: 56:12
Transit ridership is declining nationwide despite billions of dollars in federal subsidies, observes Randal O’Toole, one of the nation’s leading critics of the transit industry. He argues that the federal government shou…
The Liberal International Order: Past, Present, and Future [not-audio_url] [/not-audio_url]

Duration: 1:17:11
Recent political tumult and the election of Donald Trump to the U.S. presidency have driven anxious commentators to lament the collapse of a post-1945 liberal world order. Invoking the supposed institution building and m…
The Indian Child Welfare Act at 40 [not-audio_url] [/not-audio_url]

Duration: 1:25:58
Passed in 1978, the Indian Child Welfare Act (ICWA) was intended to stop abusive practices by state and federal officials, who often removed Native American children from their families without sufficient justification.…
Of Rockets and Robotics: GROUNDING "UBER OF THE SKY" [not-audio_url] [/not-audio_url]

Duration: 1:00:27
Innovations in aerial technology present regulators, lawmakers, and entrepreneurs with numerous challenges and opportunities.Although there have been advances in supersonic engine technology, the Federal Aviation Adminis…