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Kingpins fall, prices don’t: How cartels defy the rules of economics

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2 hours ago

In most markets, removing a CEO rattles investors and drives prices up or down. In the global drug trade, taking down a kingpin barely moves the needle.Over the weekend, Mexican authorities said they killed one of the world’s most prolific traffickers, Nemesio Rubén Oseguera Cervantes — better known as "El Mencho," the longtime leader of the Jalisco New Generation cartel. His death should represent a major disruption to the market. And yet, cartels appear to defy one of economics’ most basic assumptions.DEATH TOLL RISES AFTER MEXICAN DRUG CARTEL LEADER KILLED IN US-BACKED OPERATIONBasic econom...

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