Econ 215 Tuesdays/Thursdays
Hello there, are you looking for something you can’t find at Walmart? I’m not talking about the newest pair of Air Jordan’s, I’m talking about illegal contraband. Do you know someone who needs a new kidney or liver? How about a plethora of illegal drugs, exotic pets, newest movies, military grade weapons, a new child or wife, fake diploma or how about a new passport or ID? If you are, then prepare to get your hands dirty in the world’s Black Market, a bizarre of anything you can imagine but only if you know the right people and have the right amount of money. A market worth trillions of dollars, yet most of it doesn’t see the light of day.
The black market, or underground economy, is a market of illegally traded goods and services. A lot of the items are not illegal to own, or trade through other legal channels. Because trading these items is illegal, this leaves the market to operate itself outside any formal economy. The black market trade is considered a subset of the “informal economy”, which includes about 1.8 billion people worldwide “Street Markets and Shantytowns Forge the World's Urban Future”. An informal market is a market in which is not taxed, monitored by any form of government or included in any gross national product, also known as under the table transactions or “working for cash”. With all of the new technology out there, there is even a way to buy illegal goods online! Many websites such as SilkRoad or the newest BlackMarketReloaded allow you to purchase goods via online and have them sent to any destination. It is a tricky process, buying online money called “bitcoins” and making sure your IP address isn’t traced back to you. Anyone with the desire and a bit of tech skill would be able to perform this action. The thought of being able to buy almost anything surly must have countless benefits, but those are in the eyes of the beholder.
If you are a seller of illegal goods, the...