Former Reagan national security advisor Oliver North has a novel suggestion for solving the problem of Somali pirates hijacking ships and holding them for ransom. According to the wingnut poster boy who gave us the Iran-Contra arms-for-hostages deal twenty years ago, "The only reasonable short-term solution is having well-armed security personnel on merchant ships plying these dangerous waters. Because there are insufficient numbers of these men in the armed forces of the nations involved, it will have to be privatized."
However, according to a recent report from the Associated Press, Somali pirates hijacked a chemical tanker with dozens of Indian crew members aboard and the three British security guards assigned to protect them jumped into the sea. The crew members were being held hostage while a helicopter from a nearby NATO warship rescued the security guards.
Ah, the joys of privatization!