Narconomics

Here's a spoiler: the takeaway from Wainwright is that prohibition doesn't work. But unlike the resident pothead, his thesis is based on analysis that exposes drug war policy as often wasteful or even counterproductive.

Drug lords adapt is probably a better subtitle. There's nothing particularly novel revealed by Wainright's research if you have a passing understanding of the politics of drug enforcement. But what he does well is tie the operating norms of violent cartels with the incentives created by the very institutions that seek to control them. Violence is the the criminal enterprise's recourse in the absence of enforceable contracts. When you combine that operating reality with a demand curve that's only growing and a hydra-like supply line, is it any wonder why cartels thrive against policies that only escalate the drug war?