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
Cato University 2016: The Science of Liberty [not-audio_url] [/not-audio_url]

Duration: 53:36
From Cato University 2016: Summer Seminar on Political EconomyThe Cato Institute’s premier educational event, this annual program brings together outstanding faculty and participants from across the country and, often, f…
The Syndrome [not-audio_url] [/not-audio_url]

Duration: 27:45
During child abuse trials, jurors naturally defer to the testimony of medical experts who are called to explain an infant’s injuries. But if that medical testimony is based on questionable science, innocent people will b…
Panel 2: Obstacles to Ratification: If Not Now, Then When? [not-audio_url] [/not-audio_url]

Duration: 1:06:11
The Trans-Pacific Partnership is a trade agreement reached last year between the United States and 11 other Pacific-Rim nations. The deal was signed earlier this year, but congressional ratification faces substantive and…
Reforming the U.S. Postal Service [not-audio_url] [/not-audio_url]

Duration: 37:04
The U.S. Postal Service has lost more than $50 billion since 2007 as mail volume has plummeted. House and Senate committees are working on legislation to stem the losses, and a stamp price hike is in the mix. Meanwhile,…
Panel 3: The Case for Restraint: History and Politics [not-audio_url] [/not-audio_url]

Duration: 1:12:43
For the past two decades Democratic and Republican leaders have viewed U.S. military power as indispensable to global stability. Known as "primacy" or "liberal hegemony," U.S. military alliances, they believed, would sec…