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Over 40 years ago, US President Richard Nixon declared drug abuse public enemy number one, starting an unprecedented global campaign, the War on Drugs. Today, the numbers are in. The War on Drugs is a huge failure, with devastating unintended consequences. It led to mass incarceration in the US; to corruption, political destabilization, and violence in Latin America, Asia, and Africa; to systemic human rights abuses across the world. It negatively affected the lives of millions of people. All of this while we waste billions of dollars every year only to create and fuel powerful drug cartels while the goal of the War on Drugs seems less achievable than ever: a world without drugs. How could this happen? The core strategy of the War on Drugs is no drugs, no problems. So almost all of the efforts in the last few decades have been focused on eradicating the supply of drugs and incarcerating drug traffickers. But this ignores the most fundamental of market forces, supply and demand. If yo
