Risk and Reward on the Gulf of Aden

If you haven't yet checked out the Financial Times much-discussed breakdown on the economics of Somali piracy, do yourself a favor and allocate a few minutes' worth of reading time. The piece won my heart by using buccaneer salary estimates to convey some perspective on how the notion of "dangerous work" differs so sharply between nations:

The figures debunk the myth that piracy turns the average Somali teenager into a millionaire overnight. Those at the bottom of the pyramid barely made what...