As many of you know, I live in Miami—what you probably don’t know, is that without the cocaine trade, Miami would still be a backwater like Fort Meyers—good weather, some interesting architecture, but not much modern development. Instead, Miami is the capital of Latin America. It got to that pinnacle through the activities of a motley band of Colombians—none more famous than Pablo Escobar.
With the cocaine coming in, the money had to go out or at least get laundered into something. As you look at the skyline from my pool deck, you can see the many towers that were built with cocaine money—along with the many small banks that got their start from laundering this gusher of illicit funds. If cocaine built Miami, Pablo Escobar was inadvertently the creator of Miami’s modern economy.
With this firmly in mind, in late August, I will be joining my friends from Capitalist Exploits in Medellin, Colombia—which was ground zero for Miami’s renaissance. Fast forward a few decades and the Colombian economy has advanced a long way from the days when its principle exports were cocaine and violence, while importing little more than CIA funds to be siphoned off by drug kingpins.
Colombia is now experiencing a resurgence on the back of commodity exports and a relative peace dividend. I intend to take it all in, explore Medellin, see some old friends and figure out where the opportunities in Colombia are. It promises to be a very enlightening experience.
If you would like more information, please click this link Medellin, Colombia Meet Up
Or email Chris directly at email@example.com