The Evolution of Piracy :: Economy

The Evolution of Piracy The protection of parcel out in general has always been considered as native to the defense of the commonwealth, and, upon that account, a necessary part of the duty of the executive power.INTRODUCTIONAdam Smith lived in a turbulent and unpredictable world. Indeed Britain was an affluent nation at the time, but that does not over-ride the sometimes-barbaric notions of its citizens. Piracy was rampant in the Eighteenth Century reaching its peak in 1724 when trade almost came to a complete stop due to the constant threat of encountering pirates while at sea. The property-seeking vagabonds would hijack a ship, take what they wanted and either leave the crew to their take in means in a damaged vessel or alternatively, enslave them and possibly use them for bartering later. Adam Smith when writing, An Inquiry into the Nature and Causes of the Wealth of Nations, was altogether too aware of the threat that pirates were still having on trade in 1776. Smith was lo gical in his assumption that the state should strive to protect the trade industry whenever possible, especially since in those days the sun never set on the British flag and England ruled the seas. Although Britain cannot be blamed though for privation of trying, plagiarism still exists today. Yet, because the act continues at sea often far from land, it gains little media attention, and therefore less action from governments. China, despite being a list one producer of pirates, continues to deny that there is a problem while at the same time often pardoning those who are caught. Countries such as Indonesia and Philippines, which know been hardest hit in the past few years by pirates, are looking for international assistance. The West is, of course, looked to for solutions yet choose seemingly chooses to turn a blind eye, perhaps in the name of diplomacy. When the world is ready to combat the perpetual problem of piracy, it may discover that by intertwining tougher policies aim ed at dealing with piracy with current or future trade negotiations, productive steps can be taken to initiate plans to curtail modern day sea wolves who objective on the helpless. The suggestion of Piracy Charters will be discussed further as the means of which to add the topic of to multilateral agreements.BODYPiracy is not something, which highly-developed recently. The young Julius Caesar was kidnapped by pirates in 78 BC on a voyage to Rhodes and held for ransom.