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The Drug War’s Impact on the American Economy

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The Drug War's Impact on the American Economy

The Drug War’s Impact on the American Economy

America’s and the world’s appetite for drugs is insatiable. Billions upon billions of dollars have been spent on both the consumption of illicit drugs and fighting the war on drugs.

At first glance as an investor, you probably don’t think this affects you (that is, if you don’t use or sell drugs). But a closer look will reveal the enormous economic impact that the war on drugs has on America. Prepare yourself for some very alarming numbers.

Since 1971, the United States has spent $1,000,000,000,000 on the war on drugs. If you have a hard time reading that enormous number, it’s 1 TRILLION dollars! There are an estimated 500,000 inmates incarcerated for drug related charges. At an annual cost of $25,000 per inmate, that equates to $12.6 billion a year. America spends 58% less money to educate a child than it does to keep an inmate behind bars. The next generation (who will be future consumers) is suffering and is being heavily disadvantaged.

On the consumption side, the numbers are just as incredible. The estimated annual value of the cocaine market is $88 billion. For Heroin, it is $55 billion. The average cocaine addict will spend $25,000 per year to fuel their habit and the average heroin addict will spend $18,000.

These massive sums of money could be spent on much more productive things. The USA has been struggling financially for years now, to the point where a major city like Detroit had to declare bankruptcy. The enormous amount of money that is spent untaxed on drugs is mind boggling, and the large majority of it goes out of the country. Can you imagine if these wasted dollars could be used to fuel its growth or pay back its astronomical debt?

The first step of rehab is to admit there is a problem. Spending over a trillion dollars and incarcerating hundreds of thousands is definitely that. The next step is finding a way to solve it – we’re open to ideas.

Source: Rehabs.com

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Politics

Mapped: 2024 Global Elections by Country

It’s election year around the world, and this map of 2024 global elections by country shows just how many people will be impacted.

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2024 global elections map

Mapping 2024 Global Elections by Country

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

With almost half of the world’s population residing in countries holding executive or legislative elections in 2024, it’s set to be the busiest election year ever recorded.

This visualization uses collated 2024 global elections data from our 2024 Global Forecast Series as well as from Time, while country populations are taken from Worldometer as of January 2024.

Countries Holding 2024 Elections Around the World

Many people are already aware of the U.S. presidential and legislative elections set to be held on November 5th, especially due to American influence on the global political stage and media coverage.

But two governments affecting larger populations, India and the European Union, are also slated to have elections in 2024.

Below, we sort the countries expected to hold elections in 2024 by population (countries with no set election date yet have been marked “N/A”):

CountryElection DateTypePopulation
🇮🇳 IndiaN/ALegislative1,428,627,663
🇪🇺 European Union6/6/2024Legislative448,387,872
🇺🇸 United States11/5/2024Executive & Legislative339,996,563
🇮🇩 Indonesia2/14/2024Executive & Legislative277,534,122
🇵🇰 Pakistan2/8/2024Legislative240,485,658
🇧🇩 Bangladesh1/7/2024Legislative172,954,319
🇷🇺 Russia3/15/2024Executive144,444,359
🇲🇽 Mexico6/2/2024Executive & Legislative128,455,567
🇮🇷 Iran3/1/2024Legislative89,172,767
🇬🇧 UKN/ALegislative67,736,802
🇿🇦 South Africa5/29/2024Legislative60,414,495
🇰🇷 South Korea4/10/2024Legislative51,784,059
🇩🇿 AlgeriaN/AExecutive45,606,480
🇺🇦 Ukraine3/31/2024Executive36,744,634
🇺🇿 UzbekistanN/ALegislative35,163,944
🇬🇭 Ghana12/7/2024Executive & Legislative34,121,985
🇲🇿 Mozambique10/9/2024Executive & Legislative33,897,354
🇲🇬 MadagascarN/ALegislative30,325,732
🇻🇪 VenezuelaN/AExecutive28,838,499
🇰🇵 North KoreaN/ALegislative26,160,821
🇹🇼 Taiwan1/13/2024Executive & Legislative23,923,276
🇲🇱 MaliN/AExecutive23,293,698
🇸🇾 SyriaN/ALegislative23,227,014
🇱🇰 Sri LankaN/AExecutive & Legislative21,893,579
🇷🇴 RomaniaN/AExecutive & Legislative19,892,812
🇹🇩 ChadN/AExecutive18,278,568
🇸🇳 Senegal12/15/2024Executive17,763,163
🇰🇭 Cambodia2/25/2024Legislative16,944,826
🇷🇼 Rwanda7/15/2024Executive & Legislative14,094,683
🇹🇳 TunisiaN/AExecutive12,458,223
🇧🇪 Belgium6/9/2024Legislative11,686,140
🇯🇴 JordanN/ALegislative11,337,052
🇩🇴 Dominican Republic5/19/2024Executive & Legislative11,332,972
🇸🇸 South SudanN/AExecutive & Legislative11,088,796
🇨🇿 CzechiaN/ALegislative10,495,295
🇦🇿 Azerbaijan2/7/2024Executive10,412,651
🇵🇹 Portugal3/10/2024Legislative10,247,605
🇧🇾 Belarus2/25/2024Legislative9,498,238
🇹🇬 Togo4/20/2024Legislative9,053,799
🇦🇹 AustriaN/ALegislative8,958,960
🇸🇻 El Salvador2/4/2024Executive & Legislative6,364,943
🇸🇰 Slovakia3/23/2024Executive5,795,199
🇫🇮 Finland1/28/2024Executive5,545,475
🇲🇷 Mauritania6/22/2024Executive4,862,989
🇵🇦 Panama5/5/2024Executive & Legislative4,468,087
🇭🇷 Croatia9/22/2024Executive & Legislative4,008,617
🇬🇪 Georgia10/26/2024Executive & Legislative3,728,282
🇲🇳 Mongolia6/28/2024Legislative3,447,157
🇲🇩 MoldovaN/AExecutive3,435,931
🇺🇾 Uruguay10/27/2024Executive & Legislative3,423,108
🇱🇹 Lithuania5/12/2024Executive & Legislative2,718,352
🇧🇼 BotswanaN/ALegislative2,675,352
🇳🇦 NamibiaN/AExecutive & Legislative2,604,172
🇬🇼 Guinea BissauN/AExecutive2,150,842
🇲🇰 North Macedonia5/8/2024Executive & Legislative2,085,679
🇲🇺 Mauritius11/30/2024Legislative1300557
🇰🇲 Comoros1/14/2024Executive852,075
🇧🇹 Bhutan1/9/2024Legislative787,424
🇸🇧 Solomon Islands4/17/2024Legislative740,424
🇲🇻 Maldives3/17/2024Legislative521,021
🇮🇸 Iceland6/1/2024Executive375,318
🇰🇮 KiribatiN/AExecutive & Legislative133,515
🇸🇲 San MarinoN/ALegislative33,642
🇵🇼 Palau11/12/2024Executive & Legislative18,058
🇹🇻 Tuvalu1/26/2024Legislative11,396

A few notable elections have already occurred. Taiwan held general elections on January 13th, with the more anti-China Democratic Progressive Party retaining the presidency but losing its majority in the legislature.

Pakistan also held elections on February 8th, with former Prime Minster Imran Khan’s party and affiliates winning a plurality of seats but losing power to a military-backed coalition.

Pakistan’s election results were cast into doubt by foreign observers and media, with Khan having been arrested and sentenced to prison on corruption charges. It is far from the only country holding controversial and potentially undemocratic elections in 2024.

Bangladesh’s landslide January 7th elections were boycotted by the opposition and voters, and Russia’s March 15th elections had three anti-war presidential candidates barred from competing, including Alexei Navalny before his controversial death in February.

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