Tuesday, April 19, 2011

How Mexican cocaine supports Australian organised crime

A new report from the Australian Crime Commission (ACC) documents both the immense size of the international cocaine market and the way the immense profits from it made possible because of prohibition support organised crime.

Of course the report does not seem to admit that prohibition is a self-defeating failure but the following quote from the SMH speaks volumes [my bolding]:
"We are dealing with an ever-evolving transnational phenomenon of immense size - and a recognised national security threat,'' [ACC chief] Mr Lawler says in his speech.

The report outlines a series of what it deems are the most significant criminal risks to Australia, noting that organised crime costs Australia between 1 and 2 per cent of GDP, or about $15 billion, annually.

''Organised crime reaches into many sectors - sometimes almost as a direct competitor and, increasingly, intermingled with legitimate businesses,'' Mr Lawler will say.

Drugs continue to be the most profitable black market and the principal source of profit for organised crime.

''Australians are among the world's highest per capita consumers of illicit stimulants, and drug prices in Australia far exceed prices overseas, making domestic drug production and importation highly profitable,'' the report states.

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