How Can We Stop the Mexican Drug Insanity When Banks and Much of the Establishment Profit Big Time from Illegal Drugs?

2012-06-28 · first published in marxsite · 162 words

This was not a Socialist Resistance publication. marxsite was Phil Hearse’s own long-form site, run alongside the paper he helped edit. It is kept here with his agreement, recovered from the Internet Archive after the domain lapsed and was taken over by someone else; nothing here links to the address it now points at.

Only part of this piece survives. The capture it was recovered from is truncated, so the text below stops before the article did.

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US Banks Love Real Dollars, and Illegal Drug Money Comes in Cash A recent article in The Guardian UK offers evidence that "while cocaine production ravages countries in Central America, consumers in the US and Europe are helping developed economies grow rich from the profits." According to The Guardian UK story, the study by two Colombian professors found that "2.6% of the total street value of cocaine produced remains within the country [Columbia], while a staggering 97.4% of profits are reaped by criminal syndicates and laundered by banks, in first-world consuming countries."

The capture this was recovered from