PF, Phill:
Piracy still exists and even flourishes in the modern world, specifically because the duty to suppress piracy is unenforceable. The states which actively support piracy either do so with no fear of reprisal, as they are using it for economic conflict (Supposedly China is funding some of the malay piracy), or is based out of states which have little to no naval presence but enough visibility to prevent violations of their territorial waters by the "stronger" navies (EG: Somalia).
The small remainder is mostly insurance fraud.
Piracy still exists and even flourishes in the modern world, specifically because the duty to suppress piracy is unenforceable. The states which actively support piracy either do so with no fear of reprisal, as they are using it for economic conflict (Supposedly China is funding some of the malay piracy), or is based out of states which have little to no naval presence but enough visibility to prevent violations of their territorial waters by the "stronger" navies (EG: Somalia).
The small remainder is mostly insurance fraud.