It's a living
GARY BECKER
An interview with Professor Gary Becker, winner of the Nobel Prize for Economics, about the War on Drugs.
By Matthew Bristow
http://www.colombia-reports.blogspot.com/
What effect do you think legalization would have on Colombia and the Andean region?
I think it would be a significant improvement for Colombia and these other countries. It may increase the amount of activities that go into drugs, but I think it will greatly weaken the cartels because now this would be more of an open competitive market, so drug cartels would be less important. Now you need cartels to fight the legal system. If it’s legalized, you don’t need it. So if you go back to experience of the war on alcohol, prohibition, in the United States, we had Al Capone and a lot of gangsters involved in that industry, as soon as we legalized it again it pretty much all disappeared. I think it would be a great boon, maybe more important for Colombia and the other countries in that Andean region than even for the United States.
Labels: blogs, drugs, internet, thin justification for my existace, video
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