I seriously doubt that Somalia's troubles are caused by corporations.
And pirating isn't the result of unregulated enterprise?
It is, but piracy is a lot easier when your victims aren't allowed to mount defensive weapons... due to regulations on non-Somali ports.
Why don't we see armed private Somali escorts on the open seas to address this? Seems like it would be a good business.
Why would it be good that everyone can turn their vessels into battleships, or need to expend the money to do so? Sounds like a teenage boy's fantasy world. Seems like the current situation is better than that.
You already DO need to spend money on battleships - the armed forces. Unfortunately, they refuse to extend their protection to Somali waters. At some point with ANY system you're going to have to either pay for someone's guns or be pirated.
(What do you care what teenage boys fantasize about? This seems irrelevant.)
You're right - the current situation is better than everyone in every port mounting guns. It would make more sense to have private escorts who specialize in unprotected waters. But, I still have no idea why that hasn't actually happened, so maybe I'm missing something. Corporations SHOULD be solving this problem.