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Hot Money: The New Narcos

10:30 AM GMT on December 10, 2023

    Hot Money: The New Narcos - Last year the Financial Times did an interesting (and rather, let’s say, unexpected) deep dive into the economics of the porn industry. Now, in a new series, reporter Miles Johnson is reporting on a shadowy organised criminal network controlling a multi-billion dollar cocaine empire.  

    This newspaper is exploring this issue because drug supply chains and organised crime groups have the ability to overthrow governments and fuel weapons trafficking and war. Yet, despite having huge economic and political consequences, these systems are rarely explored in the financial papers.

    “Crime is a business,” says Johnson. “And modern organised crime groups are increasingly run like multinational companies. They have thousands of employees, complicated logistical supply chains and even investment portfolios.”

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