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View Full Version : Nobel Economists agree Global drug war is a failure



Godfather
05-09-2014, 03:11 AM
http://www.aljazeera.com/mritems/Images/2013/10/21/2013102162934450734_20.jpg

The report recommends a tailored redirection of resources into health programmes and liberal drug policies [AP]

Nobel-prize winning economists support academic report which says global drugs policies created $300bn black market.


The global "war on drugs" has been a catastrophic failure and world leaders must rethink their approach, a group including five Nobel prize-winning economists, Britain's deputy prime minister and a former US secretary of state has said.

An academic report published on Tuesday by the London School of Economics (LSE), called Ending the Drug Wars, pointed to violence in Afghanistan, Latin America and other regions as evidence of the need for a new approach.

"It is time to end the 'war on drugs' and massively redirect resources towards effective evidence-based policies undered by rigorous economic analysis," the authors said in a foreword to the report.

"The pursuit of a militarised and enforcement-led global 'war on drugs' strategy has produced enormous negative outcomes and collateral damage."

Citing mass drug-related incarceration in the US, corruption and violence in developing countries and an HIV epidemic in Russia, the group urged the UN to drop its "repressive, one-size-fits-all approach" to tackling drugs, which, according to the report, has created a $300bn black market.

The UN is due to hold a drug policy summit in 2016. Debate on the merits of drugs liberalisation is already growing, Reuters news agency reported.
The editor of the LSE report says there is a growing international consensus for change

The report said "rigorously monitored" experiments with legalisation and a focus on public health, minimising the impact of the illegal drug trade, were key ways of tackling the problem instead.

It was signed by George Shultz, the US secretary of state under Ronald Reagan, British Deputy Prime Minister Nick Clegg, and former NATO and EU foreign policy chief Javier Solana.

Nobel Economics prize winners Kenneth Arrow (1972), Christopher Pissarides (2010), Thomas Schelling (2005) Vernon Smith (2002) and Oliver Williamson (2009) also signed the reports.

"The drug war's failure has been recognised by public health professionals, security experts, human rights authorities and now some of the world's most respected economists," John Collins, coordinator of international drug policy at the LSE, said.

"Leaders need to recognise that toeing the line on current drug control strategies comes with extraordinary human and financial costs to their citizens and economies."

Some countries in Latin America have begun to turn away from US-led attempts to stamp out drugs through prohibition.

Uruguay's parliament in December allowed the growing, sale and smoking of marijuana. Colombia's president has called for a debate on alternatives to the war on drugs. And Guatemala's president has said that his country could present a plan to legalise production of marijuana and opium poppies this year.

Voters in the US states of Colorado and Washington passed backed legalising the possession and use of recreational marijuana in 2012.

Godfather
05-09-2014, 03:13 AM
Sorry here's the link: http://www.aljazeera.com/news/europe/2014/05/global-war-drugs-failure-lse-nobel-prize-201456212727317668.html

One commenter wrote "People should also be aware of the report behind the article. It's an incredibly well put together analysis of why the war on drugs is a disaster. It doesn't just cover domestic policy in Western countries, but the tragic impact it has on human rights, judicial systems, corruption, and violence in the production and transit countries.

Fact of the day from the report: not many years ago, Colombia was second only to Sudan in terms of internal refugees – almost a tenth of the population was displaced because of drug cartels and the war against them.

Another depressing fact: Burmese farmers grow opium even though vegetables net them more profit per unit. Why? Because drugs are the more stable revenue stream.

A third, and a little more uplifting one: A dollar spent on needle exchange nets 27 dollars back in saved healthcare costs. A dollar spent on opiate addiction treatment nets 12 back in healthcare and less crime."

FBD
05-09-2014, 12:19 PM
1 dollar spent on political lobbying yields 27 dollars back in company's tax revenue "savings"