There are people around Petro who have spoken about far more liberal policies. A kilo of cocaine in Colombia costs between $8,000 and $12,000. It's about $20,000 in the United States, $35,000 in Europe,. $50,000 in China, and $100,000 for that kilo in Australia. The moment that you create a legal market, those profit margins would drop gangs have diversified into human trafficking, illegal gold mining, and into synthetic drugs such as fentanyl. But because they can still get such profits out of cocaine, it still makes up a significant proportion of their revenues. And so fundamentally, Latin America is somewhat hamstruck
Regional leaders recognise the abject failure of the war on drugs. We speak with Colombia’s president about some
bold new ideas to tackle the problem. Meta, the company formerly known as Facebook, is a big gamble on the metaverse—but the
real risk is that the company still known as Facebook is waning. And a zippy ride through England’s
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