As we speak (I write and you read – assuming some currency), Japan is likely gathering up a $200M ransom to pay ISIS in exchange for two of its citizens who have found their way to Syria. And by “found their way to Syria”, I largely mean, “went”. Still, this reminds me of scenarios that have played out publicly in recent times and that were also written about recently. Many governments, those in Europe and elsewhere, routinely pay for the release of their people to the tune of hundreds of millions of dollars. Yet, others, like the United States hold fast to the tagline, “We don’t negotiate with terrorists.” This is on its face false (consider the economics and bartering around hostages swaps), and does not require much wordsmithing or redefinition; but in the specific instance of paying ransoms to ISIS to prevent beheadings, perhaps they have held true. But why?

As a parent, would you hold such a hardline? Afterall, paying a ransom for your child is likely to finance other crimes, possibly even compounded crimes like more kidnappings for more ransoms – if only the world could be lucky as to have such one hit wonders. So, unless that argument is false to you on the micro and individual level, and you would pay for your child, what is the difference on the macro and governmental level? Should governments not pay ransoms, and then stipulate that their citizens refrain from being the “storm chasers” of terrorism?

 

This appears to be even more a matter of ego than principle, because what sum is more important than preservation of innocent human life? Is it the sum of monies being requested? Is it plausible that United States, Israel, or German governments would refrain from paying a ransom of $1 per hostage to guarantee their freedoms? Is $1 too much to pay, or is life cheaper on balance? That seems unlikely to be the case. That is too ridiculous to be the case. Therefore, if you would pay $1 to have them come home, the argument stops being about values and starts being about value. Somewhere between $1 and $200M (or whatever the asking price) is the tipping point, because the governments would likely pay the $1 or $10 or even $1K for a release. Moreover, the life in question would almost certainly determine the extent of principled treatment and economic flexibility. Japan appears to be leaning towards the payment, as would a country like Switzerland which seems to pay tens of millions per annum to secure the release of its citizens.

 

What would you do?