Do pirates still exist today? Unambiguously, yes. They do not fly the Jolly Roger, but they operate fast skiffs off the coast of Nigeria and board barges at anchor in the Philippines. The modern pirate is a symptom of maritime globalization’s dark side: a vast, under-policed domain where poverty meets opportunity. While naval interventions have suppressed piracy in specific regions like Somalia, the underlying conditions—weak governance, economic desperation, and the immense value of maritime trade—remain unchanged.

The Golden Age pirate operated with a degree of anarchic political ambition, often targeting state vessels or slaving operations. In contrast, the modern pirate is primarily an economic predator. A direct comparison illustrates this evolution:

This paper seeks to answer two primary questions: (1) In what forms does modern piracy exist? and (2) Why does it persist despite global naval presence? It will argue that modern piracy is a complex, low-risk, high-reward criminal enterprise facilitated by weak coastal governance, economic disparity, and the inherent vulnerabilities of global shipping lanes.