Harvard Economist: Legalize Drugs to Stop violence
A snippet from an article I came across today on CNN.com:
Prohibition creates violence because it drives the drug market underground. This means buyers and sellers cannot resolve their disputes with lawsuits, arbitration or advertising, so they resort to violence instead.
Violence was common in the alcohol industry when it was banned during Prohibition, but not before or after.
Violence is the norm in illicit gambling markets but not in legal ones. Violence is routine when prostitution is banned but not when it’s permitted. Violence results from policies that create black markets, not from the characteristics of the good or activity in question.
Full article can be found here.
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March 26th, 2009 at 7:52 pm
[...] innocent people die. This is not just my personal opinion, it is held by others such as a recent Harvard Economist I posted about [...]