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Steven Levitt Analyzes Crack Economics by Steven D. Levitt

Steven Levitt Analyzes Crack Economics

by Steven D. Levitt


Title Details

Running Time
24 Min.
User Rating
  5.0  Stars Based on 4 ratings
In this humorous sketch provided by TED Talks, Steven Levitt analyzes what it takes to make a living selling drugs. Taking America's crack epidemic as a template, Levitt discusses how inner city gangs developed a corporate structure that consolidated power, left little room for promotion, and was incredibly dangerous to boot. In the end Levitt argues that selling drugs on the street is about as lucrative as working at McDonald's, but that this fact hasn't diluted its mystique.

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Outstanding... Just like his writing.
Reviewer startupsteve
 August 06, 2009
This was an eye opener about something in the real world that differes completely from reality. Great job!

Reviewer shieldsister
 August 06, 2009

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 isnít lucrative: It pays below minimum wage. And your boss can kill you.

steve why dont you go and grow up

why dont you do one on the military industrial complex ???

and what takes people and who actually promotes "drug" sales"

ignorant system edjumacated asshole

like "your governments does not exploit you and everyone else everyday and murder you as well"


p.j. o'rourke "No drug, not even alcohol, causes the fundamental ills of society. If we're looking for the source of our troubles, we shouldn't test people for drugs, we should test them for stupidity, ignorance, greed and love of power."

Kurt Vonnegut "Primary Description of "Government" :"Government" is a granfalloon, a scam, a hoax, a fraud, a swindle, a theatrical tragicomedy, and a form of parasitism or cannibalism kept in place by certain fraud-words, by superstition, by idolatry, by gullibility, by lack of thinking skills, by brainwashing, by mass hallucination, by terror, and by violence -- also characterized by compulsive lying, economic rape and value destruction, serial killing, war mongering, mass murder, quackery of the deadliest kind, primitive "alpha-ape" behavior, and the abuse of hierarchical systems."

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  • LearnOutLoud.com Product ID: S030905