Size of The Global Black Markets
| Largest black markets | Estimated annual market value (Billion USD) |
|---|---|
| Total | 1,829 |
| Counterfeit pharmaceutical drugs | 200 |
| Prostitution | 187 |
| Counterfeit electronics | 169 |
| Marijuana | 142 |
| Cocaine | 85 |
| Prescription drugs | 73 |
| Opium and heroin | 68 |
| Software piracy | 59 |
| Movie piracy | 58 |
| Gas and oil smuggling | 53 |
| Cigarette smuggling | 50 |
Read more about this topic: Underground Economy
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—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
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“The Sage of Toronto ... spent several decades marveling at the numerous freedoms created by a “global village” instantly and effortlessly accessible to all. Villages, unlike towns, have always been ruled by conformism, isolation, petty surveillance, boredom and repetitive malicious gossip about the same families. Which is a precise enough description of the global spectacle’s present vulgarity.”
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“Mighty few young black women are doin’ domestic work. And I’m glad. That’s why I want my kids to go to school. This one lady told me, “All you people are gettin’ like that.” I said, “I’m glad.” There’s no more gettin’ on their knees.”
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“A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.”
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