No, this is not about health care.
The news site UN Dispatch has a fascinating article on the financial structure of Somali piracy, which is summarized below:
When ransom is received, fixed costs are the first to be paid out. These are typically:
• Reimbursement of suppliers
• Financiers and/or investors: 30% of the ransom
• Local elders: 5 to 10 %of the ransom (anchoring rights)
• Class B shares approx. $15,000 each: militiamen, interpreters etc.
The remaining sum — the profit — is divided between class-A shareholders [the pirates].
It’s no surprise that ransom demands are pretty high.
What baffles me is: How can all this be legal, without first being elected to Congress?