!!> BOOKS ✶ Narconomics: How to Run a Drug Cartel ✬ Author Tom Wainwright – 1sm.info

Narconomics: How to Run a Drug Cartel Narconomics How to Run a Drug Cartel 2016 1 2 The title should not frighten anyone because this non fiction book will not involve any difficult finance theories or the like In this book, Tom Wainwright looks at the functioning of a drug cartel from the point of view of an ordinary business If we view drug operations through the same prism that we use to evaluate an ordinary company then maybe it will be possible to devise solutions that will actually reduce mobsters business and stop the reach of their operations Wainwright embarks on his own exciting investigative work to show us how a drug cartel, like any other legal business, seeks to control the supply side, diversify, multiply its offshore locations to reduce its cost, as well as makes movements into the domain of the Internet to reach a wider pool of customers Interesting comparisons are made with McDonalds, Walmart, Coca Cola and , and, in light of these, Wainwright proposes unorthodox solutions to change policies to better tackle the issue A dramatic and interesting picture emerges of the situation and functioning of drug cartels in the world The author s main argument is very simple drug cartels function like any other business and the sooner policy makers and enforcement agencies recognise this, the sooner th Narconomics How to Run a Drug Cartel, by Tom Wainwright, is a book that examines the modern drug business both illegal and legal in terms of actual business principles What results is a fairly interesting and innovative book that mixes both journalistic style interviewing and reporting with business and economic principles though these lightly Wainwright starts off examining the point of origin, ie Coca farms in Colombia and Bolivia, through the chain to the US border and the large recreational drug market in the United States While on the road, the book examines principles of the business world supply management, human resources, offshoring, alternative products and diversification From the supply side, Wainwright examines the mark up mostly of cocaine He starts in farms both illegal in Colombia and legal in Bolivia that grow Coca These farms are often poorer, and leaves sell for as little as 100 for a large bundle The mark up as it approaches the US border continues to increase, as various drug running gangs and cartels begin to take hold of the product, and the risk associated with it increases The sale price in the US, after all is said and done, is astronomically higher thousands of percentage points over the original price Drug cartels achieve similar mark ups to large corporations like WalMart they put all the p This Is A Unique Look Into The Huge And Fascinating Multi Billion Dollar International Drug Industry Rather Than Reporting It As A War, Wainwight Looked At The Drug Trade As A Business, With A Quarter Billion Customers And Worldwide Revenues Of About 300 Billion A Year With Similar Concerns As Any Fortune 500 Business, Such As Human Resources, Outsourcing And Corporate Social Responsibility.Some Of Wainwight S Insights To Help Turn The Way We Think About The War On Drugs On Its Head Include Supply And Demand Drug Cartels, As Monopoly Buyers, Use Tactics Like Forcing Their Suppliers, The Farmers, To Absorb Price Shocks When Coca Fields Are Eradicated, Rather Than Absorb It Themselves Research And Development The Cartels Have Invested In Innovative Ways To Increase Yield From Coca Plants So Even Though Less Coca Is Now Grown, It Yields Cocaine, Thus Keeping The Supply Chain In Good Shape Mergers And Acquisitions Why The Violence And Bloody Battles Of The Mexican Cartels Have Been Generated By Opportunistic Takeover Attempts Competition And Collusion Why The Mafias Running El Salvador S Drug Gangs Realized That Violent Competition Was Hurting Profits And Opted For A Strategy Of Collusion Social Responsibility How Cartels Give Back To Society By Meeting Social Needs That Governments Have Been Unable To Satisfy Media Relations How Dedicated Press Officers Communicate With And Threaten Local Journalists To Secure The Kind Of Coverage The Cartel Wants And Use The Media To Send Intimidating Messages To Their Rivals Human Resource Models How Cartels, In A Business With A High Turnover Of Personnel Because Of All The Killing Use Prisons As Employment Agencies And Training Academies To Ensure A Steady Stream Of New Recruits For Jobs That Are Risky And Don T Pay Particularly Well Franchising Lessons The Cartels Have Learned From Some Of Fortune 500 S Restaurant Business.Using Classical Economics And Modern Business Theory To Explain Why Drug Cartels Work In The Way They Do And Based Seven Years Of Reporting In Than A Dozen Countries, Wainwright Provides Fascinating, Humorous And Novel Insights Into A Multibillion Dollar Worldwide Industry And Provides An Innovative Blueprint To Address The Drug Problem, As Well As A Range Of Other Criminal Activities If Mobsters Think Like Businessmen, Law Enforcers Can Thwart Them By Learning To Think Like Economists. Once in a while you read a book that shatters your preconceptions and updates your world view In the wonderful Narcoeconomics How to Run a Drug Cartel , Tom Wainwright an editor at The Economist , explores the narcotics industry through an economic lens You ll see how drug cartels are much like McDonalds or Walmart than you previously thought optimizing their supply chains, competing, forming mergers, colluding, worrying about human resources, public relations and brand building, offshoring, franchising, investing in RD, dealing with rise of disruptive online marketplaces, diversifying kidnapping, prostitution, human trafficking You ll see flawed prison systems much as recruiting grounds, jobs fairs or networking events You ll see full body tattoos as an employee retention strategy By the end of it, you ll emerge with a complete and coherent picture of the narcotics industry and its dynamics, underst Despite reading cover to cover, I am no closer to establishing my own drug cartel Apart from this dissapointment, I d recommend the book. Wainwright, an economist sent to Mexico to cover the drug wars for financial magazines, decided to apply business analysis after hearing cartel honcho after cartel honcho use business jargon to explain the trade jails are human resource departments, there are franchises, there are advertising and media branding campaigns, even price collusions with rivals if the incentives are right What ended up being really striking was the reminder no Someone told me that economists can make everything sound boring, and it s true.You literally tell how to run a drug cartel but economic jargon and specific point of view make it kind of uninteresting.This book isn t bad, you get what was promised in the title, and Outstanding analysis of how cartels operate and why the war on drugs has been and continues to be a dismal failure Easy read Recommended. More addictive than a bag of illicit drugs one can imagine , this book takes a look at the multi billion dollar global drug industry in an entirely different way, viewing it as a business and showcasing its different business functions Narconomics, the economics of narcotics, in other words.This is not just a book about drugs but a look at many areas of business and economics through a practical lens It is all strangely addictive, informative and engaging Tabloid newspapers need not fear this book does not advocate the taking of illegal drugs or put the drug cartels on a pedestal in any way As a business worth conservatively over USD300 billion a year, clearly those running it know what they are doing No matter about the law, you just cannot run something of this scale or size without having finely tuned structures in place If anything, the operation could arguably be even larger and certainly efficiently were it legal.You can look at the book in two distinct ways, either learning about the global drugs trade and seeing how it uses big business techniques to good effect, or you can use the examples given as a wa First off I m not about to become the next El ChapoEl Chapa Anyways I had a couple reasons for reading this book One I was looking for books on economics, and this one kept coming up as an interesting substitute to typically dry textbooks Two understanding drug culture and understanding how to better fight it is incredibly handy in my line of work So I thought I could kill two birds with one stone I wasn t disappointed At no point did I feel like this book was dry It did take me a while to get through it, but I think that has to do with the busy ness that is my life right now Tom Wainwright initially came across as a bit of a pompous ass to me, but eventuallly that seemed to go away and I really enjoyed his perspective I didn t agree with everything he had to say, but his perspective on the war on drugs was very unique His suggestions were interesting and got me thinking a bit differently than I have before It was mentally stimulating to see a perspective different than mine On the downside, I felt like a lot of his solutions were lack

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