The Jordan Harbinger Show 860: Mitchell Prothero | Cocaine, Murder, and Dirty Money in Europe
Jul 13, 2023
Mitchell Prothero, a senior reporter for Vice specializing in the cocaine trade in Europe, dives into the continent's escalating drug crisis. He discusses why European law enforcement struggles against an expanding network of organized crime and the ruthless figures like Ridouan Taghi who dominate the scene. Prothero reveals how historic ports have become drug trafficking hubs and explores the lucrative aspects of cocaine that attract criminal entrepreneurs. The conversation emphasizes the urgent need for change to combat the violence and chaos associated with this burgeoning market.
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EU as the Largest Cocaine Market
- The EU surpassed the US as the world's largest cocaine market.
- Expanding middle classes in Eastern Europe contribute to market growth, making accurate estimations challenging.
Cocaine as a Commodity
- A kilo of cocaine has a two-year shelf life, from production to consumption.
- Cocaine is a stable commodity with a transparent market price, making it attractive for illicit trade.
Cartel Liquidity Issues
- Cocaine cartels face liquidity issues despite high profits.
- They have ongoing expenses like paying members, families, and bribing officials, creating pressure for constant cash flow.