theeconomist: Daily chart: the cost of cocaine. The street price of cocaine in Europe has dropped relentlessly over the past two decades, which may explain why Europe is now almost as big a market for cocaine producers as America. Perplexingly, the cocaine economist graph leaves out Australia. Whats more, is that it would most likely top the list. The UN reported that street prices in 2004 was near $210 USD per gram, though from the wholesale prices quoted by Parliamentary Joint Committee on Law Enforcement and from anecdotal evidence I would estimate street prices are now at $265 USD - $320 USD per gram. Australia, the most expensive and most profitable illegal drug market in the world… Surprised the Milton Friedman and Hayek fan boys at the economist left this out.
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theeconomist:

Daily chart: the cost of cocaine. The street price of cocaine in Europe has dropped relentlessly over the past two decades, which may explain why Europe is now almost as big a market for cocaine producers as America.

Perplexingly, the cocaine economist graph leaves out Australia. Whats more, is that it would most likely top the list. The UN reported that street prices in 2004 was near $210 USD per gram, though from the wholesale prices quoted by Parliamentary Joint Committee on Law Enforcement and from anecdotal evidence I would estimate street prices are now at $265 USD - $320 USD per gram.

Australia, the most expensive and most profitable illegal drug market in the world… Surprised the Milton Friedman and Hayek fan boys at the economist left this out.

Source: economist.com

112 Notes/ Hide

  1. brittany-elliott reblogged this from anamnese
  2. dragonsoad reblogged this from apostrophiee and added:
    Much more interesting than the price (which I’m sure you could make a small fortune on), I think is the % usage. It...
  3. apostrophiee reblogged this from woody
  4. woody reblogged this from theeconomist and added:
    serious arbitrage opportunity here……aaaand a great way to fund my next trip back to europe.
  5. econocrat reblogged this from theeconomist
  6. veeeecee reblogged this from theeconomist
  7. anamnese reblogged this from theeconomist and added:
    third lowest cocaine
  8. being-yorgo reblogged this from theeconomist
  9. hamuu reblogged this from theeconomist and added:
    the cheapest Scandinavian country...drugs. I’m surprised, though, that Sweden is cheaper...
  10. crocodileblackpelvis reblogged this from theeconomist
  11. sanstaste reblogged this from theeconomist and added:
    Yup, makes sense. Norway’s yayo’s so pricey cause Morton Harket
  12. gertoldyouso reblogged this from theeconomist
  13. joejoeleo reblogged this from theeconomist
  14. michelotto reblogged this from theeconomist
  15. kaikid reblogged this from theeconomist
  16. axmm reblogged this from theeconomist and added:
    cocaine economist graph leaves out Australia. Whats more, is that it would most likely top the list.
  17. cienmilzompopos reblogged this from theeconomist
  18. shionreallylikesdohkosthings reblogged this from theeconomist and added:
    holy hell look at spain and britain and italy and america and ksfdsjflsdf omg UGH UGH UGH UGH UGH UGH
  19. viviano reblogged this from theeconomist
  20. eternallyclassy reblogged this from theeconomist
  21. ibejangry reblogged this from theeconomist
  22. karissamorton reblogged this from theeconomist and added:
    Fuck this shit, I’m moving to Britain.
  23. ommegang reblogged this from theeconomist
  24. nomadicdiscocraft reblogged this from theeconomist and added:
    great thing about...they view everything...fair game. How...
  25. silas216 reblogged this from theeconomist
  26. rosecoloredbifocals reblogged this from theeconomist
  27. deerahtnamas reblogged this from theeconomist