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 (16941773)
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—Anna Quindlen (b. 1952)
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—Mary Kay Blakely (20th century)
“For me chemistry represented an indefinite cloud of future potentialities which enveloped my life to come in black volutes torn by fiery flashes, like those which had hidden Mount Sinai. Like Moses, from that cloud I expected my law, the principle of order in me, around me, and in the world.... I would watch the buds swell in spring, the mica glint in the granite, my own hands, and I would say to myself: I will understand this, too, I will understand everything.”
—Primo Levi (19191987)
“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.”
—Barbara Ehrenreich (b. 1941)