Piracy and Economic Localization

Piracy is on the rise (see here, here and here for more.) Not only do these attacks capture the imagination, they also offer an opportunity for some Tom Friedman-esque analysis. As one might expect, shipping insurance is more expensive these days. Shippers are even hiring security consultants, and I doubt it will take long for some companies to start adding professional muscle to vessels traveling certain routes. Obviously, all this requires substantial investment, and, as is always the case, these costs are passed along to the consumer.

Here's the other angle: that broccoli that was grown in the county next door, it's not getting hijacked by pirates on the way to the local farmer's market.

Eating local has plenty of environmental, economic and health-related benefits. I say we add diminished risk of pirate attack to the list. Plus, looks like the price gap between mass-produced food and the local stuff just narrowed.