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Steven Levitt: Why do crack dealers still live with their moms?

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http://www.ted.com Freakonomics author Steven Levitt presents new data on the finances of drug dealing. Contrary to popular myth, he says, being a street-corner crack dealer isnt lucrative: It pays below minimum wage. And your boss can kill you.TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers are invited to give the talk of their lives in 18 minutes -- including speakers such as Jill Bolte Taylor, Sir Ken Robinson, Hans Rosling, Al Gore and Arthur Benjamin. TED stands for Technology, Entertainment, and Design, and TEDTalks cover these topics as well as science, business, politics and the arts. Watch the Top 10 TEDTalks on TED.com, at http://www.ted.com/index.php/t...

Channel: Science & Technology
Uploaded: December 31, 1969 at 6:59 pm
Author: TEDtalksDirector

Length: 22:00
Rating: 4.84
Views: 64420

Tags: "Steven  drugs  economics  freakonomics  gangs  Levitt"  Talks  TED  TEDTalks  

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Video Comments

bill0756 (December 31, 1969 at 6:59 pm)
I like Leavitt publicizing certain interesting ideas, but he sometimes simply borrows others' observations and implies they're his.
hitchwatch (December 31, 1969 at 6:59 pm)
Just consider me posting here to be a market choice.
politiek (December 31, 1969 at 6:59 pm)
meant Hitchwatch with that last comment
politiek (December 31, 1969 at 6:59 pm)
Wow, you are really a dumb ignorant idiot!Go be an asshole somewhere else dude!
politiek (December 31, 1969 at 6:59 pm)
Haha, the 'weak and shit' theory!
MrDuffy81 (December 31, 1969 at 6:59 pm)
OMG! I SAW A GIANT 6 FOOT BUNNY ON EASTER WHEN I WAS A YOUNG BOY.My mom thinks I'm nuts, and my grand father WAS putting cotton balls around the house to get us riled up, but...I saw it going out the door of our sun porch.I ran after it, not even scared, which is surprising, looking back. I ran outside right behind it and it was gone, and I was running around everywhere looking for it.I swear that it was real to this day, and tell the story with NO shame at all.
MrDuffy81 (December 31, 1969 at 6:59 pm)
so did you... :(
bendtx (December 31, 1969 at 6:59 pm)
haha, he said nigger.
hitchwatch (December 31, 1969 at 6:59 pm)
I'm well aware that Levitt's associates at the University of Chicago have tried to rationalize racism as a "market choice." This would include Levitt's hero Gary Becker, who claimed that slaves in the old South were happy and Richard Posner, who advocated a market where black babies would allowed to be traded at a discount to black babies. I really don't need any lectures on racism from a Pat Contard fan.
crikeythesplund (December 31, 1969 at 6:59 pm)
A large part of freakonomics is based around showing how reason and knowledge is the best weapon against racism specifically using the decline and fall of the Ku Klux klan as an example. In the same chapter he statistically exposes hidden racism endemic in society. You wouldnt know this. You have not read the book. Yet here you are parading irreason and ignorance all over the comments section. Quite frankly I find your behavior appalling. You are no better than those you claim to oppose.


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