After the Security Council discussed the situation in Somalia, South African Ambassador Dumisani Kumalo made a good point:
"The very interesting thing about piracy today is that virtually everybody who took the floor acknowledged that you cannot only resolve piracy without resolving the situation on the ground in Somalia. Yes, piracy is urgent. We see it on the news. It catches our attention. But we keep on arguing that the condition of the Somali people should do the same."
Basically, it's anarchy in Somalia that allows the piracy problem to happen.
Matthew Yglesias agrees.