Plus, the cost of the ransom doesn't come close to the cost of replacing what is stolen. It is cheaper to get held up and pay ransom than to risk losing it all and not paying the ransom. The companies see it as a cheap trade off.
Somali Pirate Update
by leavingwt 13 Replies latest social current
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BurnTheShips
And Ma Deuce emplaced on the deck speaks louder than financial incentives.
Ma takes care of her children.
BTS
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BurnTheShips
Plus, the cost of the ransom doesn't come close to the cost of replacing what is stolen. It is cheaper to get held up and pay ransom than to risk losing it all and not paying the ransom. The companies see it as a cheap trade off.
Oh boy. The lessons are learned, but never remembered. If you pay the Dane-Geld, you never get rid of the Dane.
Dane-Geld
A.D. 980-1016
It is always a temptation to an armed and agile nation To call upon a neighbour and to say: -- "We invaded you last night--we are quite prepared to fight, Unless you pay us cash to go away." And that is called asking for Dane-geld, And the people who ask it explain That you've only to pay 'em the Dane-geld And then you'll get rid of the Dane! It is always a temptation for a rich and lazy nation, To puff and look important and to say: -- "Though we know we should defeat you, we have not the time to meet you. We will therefore pay you cash to go away." And that is called paying the Dane-geld; But we've proved it again and again, That if once you have paid him the Dane-geld You never get rid of the Dane. It is wrong to put temptation in the path of any nation, For fear they should succumb and go astray; So when you are requested to pay up or be molested, You will find it better policy to say: -- "We never pay any-one Dane-geld, No matter how trifling the cost; For the end of that game is oppression and shame, And the nation that pays it is lost!"
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leavingwt
OK, this is a strange twist. Telegraph UK is reporting that some pirates WANT to be caught, so that they can move to Europe.
