Authorities and people familiar with the drug trade say violence in Mexico and increased enforcement -- symbolized by the Flores case -- are having a dramatic effect on Chicago street sales, at least for now. The wholesale price for a kilo of cocaine -- about 2.2 pounds -- has spiked over the past 18 months, from $18,000 to $29,000 and often more, according to authorities.I wonder if the unnamed "authorities" in question are being deliberately misleading, or if they simply lack the sense to notice what they just said. The increase in the wholesale price of cocaine ends up, as such increases normally do, in the pockets of the people selling it.
What they have just said is that increased enforcement has increased profits for drug lords dramatically.
December 31 2009, 03:05:09 UTC 5 years ago
I think the implication is that the price went up due to decreased supply - the standard supply/demand curve interpretation.
The per-unit profit is higher, which probably would attract more dealers & such, but I don't know that translates to overall profit increases for the drug lords.
Not that it matters... most people don't know boo anyways:
http://redtape.msnbc.com/2009/12/wh
December 31 2009, 07:29:56 UTC 5 years ago