Drug Trade Big Enough To Be G20 Member

If you had any doubt that the War On Drugs has been a massive failure:

“If the drug trade were a country, it would have the 19th largest economy in the world. In 2005 the UN estimated that the illegal drug trade is worth more than $320 billion. If currently illegal drugs were taxed at rates comparable to those on alcohol and tobacco they would yield $46.7 billion in tax revenue.”

By the way, does anyone believe for even an instant that our rich financiers, politicians and generals in drug-producing areas aren’t getting their cut of that very lucrative pie somehow?

Bonus Read: The James Bond Banker and the Killer Bag Lady: who really killed CIA financier Nick Deak, who was also implicated in laundering hundreds of millions for Columbia’s cartels?

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Steve Hynd

Most recently I was Editor in Chief of The Agonist from Feb 2012 to Feb 2013. My blogging began at Newshoggers and I’ve had the immense pleasure of working with some great writers there and around the web ever since, including at Crooks & Liars. I'm a late 40′s, Scottish ex-pat, now married to a wonderful Texan, with Honours in Philosophy from Univ. of Stirling, UK 1986. I worked most of life in business insurance industry (fire, accident, liability) including 12 years as a broker/underwriter/correspondent at Lloyd’s of London. Being from the other side of the pond, my political interests tend to focus on how US foreign policy affects the rest of the planet. Other interests include early and dark-ages British history, literature and cognitive philosophy/science.

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