Jul 4, 2014

Steve Weber on Fireworks and Online Black-Market Business

From Marketplace, from American Public Media

Fireworks spark up a black market economy

By Ike Sriskandarajah

California bans anything that flies into the air and explodes. Which isn't surprising -- according to the American Pyrotechnics Association, most states have restrictions on this type of firework. 

For Californians who want to celebrate the independence of our nation by blowing things up, they could head over the mountains to more firework-friendly Nevada, or head into the virtual black market on your computer....

"If it is profitable enough, then there are big criminal enterprises working in this area — quite professionalized," says Steve Weber, who teaches at UC Berkeley’s School of Information and co-wrote a book on the Black Market Economy of the 21st Century. "The mistake is to think of this as fly by night stuff- these are really serious people and they are as entrepreneurial, innovative and venturous as anyone you’d meet in Silicon Valley."

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Last updated:

October 4, 2016