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Do You Want Pirates? Because Trade Restrictions Are How You Get Pirates. [Forbes]

WALT DISNEY (DIS)  More Company Research Source: Forbes
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PDF Art Carden Contributor i Jul 20, 2018, 01:40pm #Economy A Pirate Post board is displayed in the Treasure Cove themed area at Walt Disney Co.'s Shanghai Disneyland theme park during a trial run ahead of its official opening, in Shanghai, China, on Wednesday, June 8, 2016. With the new $5.5 billion resort opening on June 16, Disney will have six resorts globally, capitalizing on the company's six decades of running theme parks. Photographer: Qilai Shen/Bloomberg In the 1500s, Chinese imperial officials tried to Make China Great Again--or at least solidify their control over the empire--by vigorously prohibiting international trade. One of the unintended consequences? Increases in pirate raids on coastal cities. This 16th-century Chinese example shows us how people responded to trade restrictions specifically and how they respond to changing returns to productive and predatory activity more g [Read more]

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