This article might suggest an update on your priors about piracy in the modern world.
Not sure where you’re posting from but if US I suspect in part the view you hold is something of a sample bias as US news really never reports much on the problem.
I also agree with your title, and wish more was said about it in the post, that recognizing the correct direction can be very helpful even when the current state change is small and perhaps not too consequential. It is generally better to have a plan before the bad state of things has occurred than hoping the Mr. Magoo route will work well for you ;-)
I would note that to my eye the charts do seem to imply an upward trend from the 1995 observations and while clearly declining from the 2010 highs still exceeds the numbers reported in 1995 and 1996 low points. So I’m not completely sure I buy the CNBC headline claim of decline in terms of trend. At least not is long term sense.
https://www.icc-ccs.org/ reports is kind of interesting as they start 2023 reporting the lowest level of Q1 priracy in 30 years but then their reports increasingly seem to show more and more concern about such activities, which were actually increasing over the prior year contra the Q1 observations.
This article might suggest an update on your priors about piracy in the modern world.
Not sure where you’re posting from but if US I suspect in part the view you hold is something of a sample bias as US news really never reports much on the problem.
I also agree with your title, and wish more was said about it in the post, that recognizing the correct direction can be very helpful even when the current state change is small and perhaps not too consequential. It is generally better to have a plan before the bad state of things has occurred than hoping the Mr. Magoo route will work well for you ;-)
Shipping piracy graphs over the decades:
https://www.statista.com/statistics/266292/number-of-pirate-attacks-worldwide-since-2006/
https://www.cnbc.com/2016/09/19/maritime-piracy-is-on-the-decline-globally.html
Thanks.
I would note that to my eye the charts do seem to imply an upward trend from the 1995 observations and while clearly declining from the 2010 highs still exceeds the numbers reported in 1995 and 1996 low points. So I’m not completely sure I buy the CNBC headline claim of decline in terms of trend. At least not is long term sense.
https://www.icc-ccs.org/ reports is kind of interesting as they start 2023 reporting the lowest level of Q1 priracy in 30 years but then their reports increasingly seem to show more and more concern about such activities, which were actually increasing over the prior year contra the Q1 observations.