The Dark Side of Entrepreneurship

Today, we are going to take a look at a story that has been in the news recently, and reflect on a little discussed topic: the dark side of entrepreneurship. If you’re not sure what I’m referring to, picture the child labor practices common during the Industrial Revolution, or think about the behavior of the robber barons during railroad times.  While capitalism and entrepreneurship are the major drivers of our economy, left unchecked they can ruin cultures and countries as well as enrich them. The event we are going to talk about is the ongoing case against the founder of the Silk Road online marketplace, one Ross William Ulbricht.  If you’re not familiar with the Silk Road, it achieved notoriety by its stance of absolute anonymity for users.  This led to organized crime and other undesirable elements populating the marketplace, and a person could easily buy drugs, prostitutes, or even contract killing services on the site.  Many users also accepted payment for these questionable services in Bitcoin, the basically untraceable cryptocurrency, making things even more difficult for authorities. How does this tie into online marketing? Well, for one, the Silk Road, despite the various goods of ill repute which ended …