The freakonomics of McDonalds vs. drugs | Steven Levitt

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  • Опубликовано: 26 дек 2024

Комментарии • 2 тыс.

  • @macnolds4145
    @macnolds4145 6 лет назад +139

    A great lecture once you get past the uncommonly low resolution. You've got so many intriguing elements: the risk the co-author took by trying to infiltrate the gang, the surprising bond he formed after proving himself to be vigilant and fearless, the sympathy the authors have for the kids who feel compelled to join gangs for the $, the economic lessons learned from gang finances, and so on.
    Fascinating.

    • @pre-packaged_9692
      @pre-packaged_9692 5 лет назад +4

      Are people really not able to watch this because of the resolution? That seems crazy! but idk

    • @jimbojones8208
      @jimbojones8208 5 лет назад +3

      It's actually quite common, the low resolution.

    • @SmokeTemple
      @SmokeTemple Месяц назад

      its not so bad for 2007

  • @anuragvdo
    @anuragvdo 9 лет назад +2161

    Sweet times when TED talks had substance.

    • @jerrson9020
      @jerrson9020 9 лет назад +2

      lol )

    • @richl9268
      @richl9268 8 лет назад +16

      +Anurag Sharma So true my man. So true.

    • @HToothrot
      @HToothrot 7 лет назад +12

      Preach brother

    • @addi9890
      @addi9890 7 лет назад +2

      Anurag Sharma true but the speakers aren't as good.

    • @JesterMasque
      @JesterMasque 7 лет назад +111

      Back when the content mattered more than the delivery of the speech..

  • @Smurfilton
    @Smurfilton 5 лет назад +1538

    Why is this recommended to me just now.. anyone else?

    • @emilyyork154
      @emilyyork154 5 лет назад +10

      Just now ??? weird

    • @Farmhouse1986
      @Farmhouse1986 5 лет назад +27

      Same here, I thought it was odd myself

    • @printeh
      @printeh 5 лет назад +19

      Same here. 12 year old video

    • @bradypats1
      @bradypats1 5 лет назад +8

      algorithm waits a week to cache data and pukes recs on a Sunday (....?)

    • @TeceraOfficial
      @TeceraOfficial 5 лет назад +4

      Same, but I'm also an econ major, so....

  • @joosewv
    @joosewv 7 лет назад +620

    Boy that n-bomb at the end would have caused a stir in 2017. Still, I wish my econ books had had those gang member explanations for economic theories, they were fantastic!

    • @jasondashney
      @jasondashney 6 лет назад +45

      Every once in a while someone will explain a complicated concept in the simplest of terms and it flips the switch for people. A.A. Milne, the Winnie the Pooh writer was genius at it.

    • @Fingolfin3423
      @Fingolfin3423 5 лет назад +49

      The rabid SJWs of our time would destroy Steve for saying that nowadays. He would be called a racist, intolerant, insensitive, the list goes.

    • @clayhackney3514
      @clayhackney3514 5 лет назад +26

      That hard ER hahaha

    • @hoboz4
      @hoboz4 5 лет назад +16

      @@clayhackney3514 ngl, he probably quoted that wrong.

    • @tcrstowing555
      @tcrstowing555 5 лет назад +16

      Rather deal with a SJW then a bullet at Walmart👀

  • @adamknowles1
    @adamknowles1 5 лет назад +511

    Talking about the eighties while dressed as the nineties on a platform in the 2000’s

  • @InnocenceExperience
    @InnocenceExperience 12 лет назад +53

    In the Freakonomics book, there's a whole other story about how they came to keep financial records. Some graduate (business, I think) became a gang member and started keeping books for the gang. He ended up in a really high position. The gangs had a really organised hierarchy too, with different ranks and benefits etc. It was like a corporation.

  • @Thingsandcosas
    @Thingsandcosas 11 лет назад +144

    When he describes the gang leaders having gold plated jewelry and leased cars, it reminds me of the point of celebrities to encourage the general population into debt.

    • @sohoyankee66
      @sohoyankee66 6 лет назад +12

      SaraHeartsGirls Only the fools fall for that.

    • @onusgumboot5565
      @onusgumboot5565 6 лет назад +16

      soho yankee- yeah, but there's a lot of fools out there

    • @agamerjourney9146
      @agamerjourney9146 4 года назад +3

      So true

    • @GalacticGuru42
      @GalacticGuru42 3 года назад +7

      @@pashadyne In the middle ages, that was the role of religion.

    • @ViperOfMino
      @ViperOfMino 3 года назад +3

      ​@@GalacticGuru42 Not necessarily. Please pick up a book and try to actually learn something instead of mindlessly parroting what you hear on Reddit.

  • @TooLooze
    @TooLooze 5 лет назад +34

    I saw this twelve years after it was released. It was worth the wait.

  • @DarthCalculus
    @DarthCalculus 8 лет назад +353

    The ad at the beginning of this video when I watched it was for McDonald's

  • @DL-fy5yr
    @DL-fy5yr 5 лет назад +99

    RUclips recommendations is clearly broken, but i really enjoyed his presentation.

    • @plawso
      @plawso 5 лет назад +13

      you clicked on the video and enjoyed it. sounds like the recommendations are doing their job if you ask me

    • @frischifrisch6860
      @frischifrisch6860 5 лет назад +1

      I noticed that some suggestions come in waves. Maybe in some weeks I see too many videos and /or my subscriptions are too messy ... many videos that I saw years ago are being proposed to me again and my thumb is gone too.
      I noticed that this happens in times when I am interested in channels that I have not paid attention to for some time and spend a lot of time on RUclips at the same time.
      This always strikes me when I watch a couple of videos about US news or politics. I guess the algorithm would like to re-evaluate me and maybe learn what I like to see on RUclips.
      However, after a while, because I'm not interested in news abroad every day, the algorithm has forgotten everything again. (Sorry, being lazy here, it's google translated ;-)

    • @DL-fy5yr
      @DL-fy5yr 5 лет назад

      @@plawso lol, good point.

    • @frischifrisch6860
      @frischifrisch6860 5 лет назад

      @Liam Mackenny have you tried:
      trackthis.link/
      where you can choose an alter ego and ads will be altered ... quite funny ... and scary ;-)

    • @renegadezen7841
      @renegadezen7841 3 месяца назад

      RUclips algorithm is never broken. Its created, managed and maintained by a trillion dollar company ​@@DL-fy5yr

  • @MrDuffy81
    @MrDuffy81 17 лет назад +15

    I really appreciate his intellectual humor.
    He is a GREAT stort-teller.

  • @ozzie069ma
    @ozzie069ma 9 лет назад +239

    Just finished the book. One of the most amazing things I have EVER read.

    • @1OverWeightDragons
      @1OverWeightDragons 7 лет назад +1

      which book?

    • @elemenopycuaress7454
      @elemenopycuaress7454 7 лет назад +34

      Freakonomics by Steven D. Levitt & Stephen J. Dubner. A very interesting study in how statistics can be analysed to give us a greater understanding of our societal issues and how to solve them. Sounds a little stale, right? It's fascinating, entertaining and captivating.

    • @zeddiculous9052
      @zeddiculous9052 7 лет назад +1

      +Jack Jameson how can you read his comment if you can't read?

    • @thugnomics123
      @thugnomics123 7 лет назад +5

      Late to the party, but i just finished it and came back here to see this again. Absolutely amazing book.

  • @justinhall3073
    @justinhall3073 10 лет назад +63

    The term "real world" is used abundantly. When I was active duty we called mainstream America the "real world" and when I was is college we did the same. I don't believe his intention was to discount the struggle of their lifestyle but to relay to the audience that it was an entirely different lifestyle.

    • @mahoneyunchained8098
      @mahoneyunchained8098 Месяц назад

      That caught me too. My opinion: he was speaking to the audience as their perception of the "real world"; he made a judgement to say that as kind of a joke and a way to get the audiences minds to separate their realities from the realities of those in the inner city.

  • @aaronbono4688
    @aaronbono4688 8 лет назад +298

    I like his final conclusion. It speaks volumes as to why the people at the bottom of the corporate structure keep supporting / promoting all that money going to the top while they are shat upon - they look up and think "that could be me." They project themselves upon the fat cats at the top. And with that projection, they would never want to cut the pay or bonuses or increase taxes of those at the top even though that would make life better for those at the bottom.

    • @greimalkin
      @greimalkin 8 лет назад +17

      no it's because they don't know any better. I worked briefly at a place where they cut everybody's pensions because they said that they didn't make enough money. But plenty of money had been made it was just that they didn't want to pay people for some reason

    • @jonc8074
      @jonc8074 8 лет назад +24

      Any pay or taxes higher than zero is bad for business. Slavery, prison labor and automation, temporary employment and cut everyone's healthcare are what the business community is up to.

    • @aaronbono4688
      @aaronbono4688 8 лет назад +37

      Jon Chin Actually, taxes can be great for business. Taxes pay for roads and airports, for telephone and internet infrastructure, for law enforcement and fire departments. Taxes pay for education which businesses need in order to have capable employees. Taxes take money out of the hands of those with abundance and dole it out mostly as jobs to government workers and to contractors (i.e. businesses) helping to move money around the system and thus stoking the economic engine which means more people buying and thus more business. The list goes on. Anyone who claims to be a "self made" business person is ignoring all this infrastructure that has been given to them - they are not self made, they just took the initiative to turn these government backed programs and make good on them. That is great, they did well, but they did it on the back of a healthy infrastructure that was built by tax dollars for their benefit and their taxes are their contribution back into this system to help continue strengthening the system for the future. The propaganda from the rich has warped peoples' minds to think that taxes are all bad but this is not so. If you want to learn more, check out the book "Born on Third Base" by Chuck Collins: books.google.com/books/about/Born_on_Third_Base.html?id=FEcDDQAAQBAJ&source=kp_cover&hl=en

    • @Mario-sy4nw
      @Mario-sy4nw 8 лет назад +13

      I agree, it's a shared environment. Obama got skewered for saying, "you didn't build that" because he's left of center and a neo-Keynsian. But someone in America needs to find a balancing point and clearly articulate what is the exact role of government in our modern society without being socialist. I dont mind paying taxes if I can see that infrastructure is actually being built but unfortunately too many taxes are punitive or the $ just vanishes. Keynes v Hayek, it's time for neo-Hayek-ianism.

    • @erichiguera
      @erichiguera 7 лет назад +7

      businesses hate paying taxes because all they care about is making the most money possible at any cost. of course taxes means infrastructure, which helps business. but that doesn't change the fact that tons of wealthy people want to lower taxes and make government smaller, just so that they and their companies can make more money.

  • @evelynwaugh4053
    @evelynwaugh4053 5 лет назад +37

    Anyone interested in the sociological perspective, as opposed to an economist's, might be interested in Sudhir Venkatesh's Gang Leader For a Day which goes into much greater detail of Sudhir's experiences with the group.

  • @AdemSemir
    @AdemSemir 11 лет назад +619

    Hey TED, would it be possible for you to reupload these in HD or at least 360p or 480p

    • @TheRealSandorClegane
      @TheRealSandorClegane 10 лет назад +275

      you don't need to see the freckles on his dick just listen to what he's saying.

    • @Buckets41369
      @Buckets41369 10 лет назад +57

      walter white how about reading the presentation

    • @RobertDigitalArtist
      @RobertDigitalArtist 10 лет назад +10

      ***** Apple fan boys be trollin' like only Apple fan boys do.

    • @nedisahonkey
      @nedisahonkey 7 лет назад +7

      Tom Just read his book.

    • @Buckets41369
      @Buckets41369 7 лет назад +4

      no

  • @giantspider100
    @giantspider100 5 лет назад +133

    RUclips recommendations be like:
    2007-2018: nope
    2019: yup

    • @ericbruscoe5956
      @ericbruscoe5956 5 лет назад +1

      I know..whats up with that...?lol

    • @SergioAArjon
      @SergioAArjon 2 месяца назад +2

      try 2024😭

    • @546people
      @546people Месяц назад

      @@SergioAArjonit seems like 5 years ago and again it’s going around.

  • @NotTheWheel
    @NotTheWheel 5 лет назад +214

    Bill Gates twin brother sure knows a lot about the Drug Game.

    • @joshmayne2853
      @joshmayne2853 5 лет назад +3

      a pimps love is very different than that of a square

    • @bigtimepimpin666
      @bigtimepimpin666 5 лет назад +1

      @@joshmayne2853 it's a fascinating world none the less... awesome reference.

  • @OfAngelsAndAnarchist
    @OfAngelsAndAnarchist 7 лет назад +311

    Whoaaaaaaaaa Ted Talks used to be REAL??
    No way man this is so good
    This isn't Ted Talks...
    I actually feel a little more enlightened. Genuinely. Whoa.

    • @jasondashney
      @jasondashney 6 лет назад +12

      Listen to the Freakonomics podcast this guy and his partner (okay, mostly his partner) does. It's this type of analysis every episode.

    • @Freezo90967
      @Freezo90967 5 лет назад +11

      Ted himself was actively involved back then...
      edit:Thank you for the likes 2 strangers...

    • @Callitout-kl1uq
      @Callitout-kl1uq 2 месяца назад

      Older Ted talks were often great

  • @criticalbit8230
    @criticalbit8230 5 лет назад +13

    I have no idea why this showed up in my feed, but it was fantastic.

  • @adamwalsh5768
    @adamwalsh5768 11 лет назад +19

    This is one of my favorite TED talks that I've seen.

    • @PhillipBlanton
      @PhillipBlanton 5 лет назад

      This is mine: ruclips.net/video/Gj8IA6xOpSk/видео.html

  • @D1g1tal_H1ppy
    @D1g1tal_H1ppy 9 лет назад +7

    man this has to be the best TED ive seen!

    • @lutze5086
      @lutze5086 8 лет назад +2

      peter griffin 8 minutes in and its trash

  • @thehorizontries4759
    @thehorizontries4759 5 лет назад +90

    Back when a sufficient warning of adult content at the beginning meant that everyone just agreed that anything could be said and they wouldn't try to ruin your life for saying the n word.

    • @manicmandownup
      @manicmandownup 5 лет назад +12

      Really, that’s what you got out of this? He quoted someone...what need would you have to use such a vulgarity?

    • @ilive41
      @ilive41 5 лет назад +8

      manicmandownup bipolar 1- there’s never a time to utter such a thing so casually. He doesn’t get to. He did and he shouldn’t have.

    • @manicmandownup
      @manicmandownup 5 лет назад +2

      Austin Earley good point

    • @wessturdevant6260
      @wessturdevant6260 5 лет назад +13

      If he’s quoting someone and not using the word viciously or maliciously quit crying about it. It’s dumb dumb, SJWs like you all that turn nothing into a catastrophic event...for real QUIT CRYING SNOWFLAKES.

    • @birrymays
      @birrymays 4 года назад

      I doubt he used the hard R in the real quote

  • @Valchee9192631770
    @Valchee9192631770 5 лет назад +4

    I'm was supposed to be studying corporate finance when I was watching this. I later realized our professor told us to read Freconomics. I had written this in my notes and forgot about it. I guess I was procrastinating and studying at the same time.

  • @tendrams
    @tendrams 5 лет назад +81

    "Can't get rich selling marijuana"....Boy, times have changed. LOL!

    • @RelativeBadger
      @RelativeBadger 3 года назад +12

      still can't

    • @greatbingus
      @greatbingus 3 года назад +8

      California just had to give a $100million bailout to the marijuana industry, yes how times have changed indeed, lol, indeed.

    • @AngelPerezComedy
      @AngelPerezComedy 3 года назад +2

      @@RelativeBadger not true. Get it cheap enough and move alot.n

    • @ballsdeep9400
      @ballsdeep9400 3 года назад +5

      @@AngelPerezComedy Lol good weed aint cheap and cheap weed aint good, only the growers really making money

    • @bobufo5729
      @bobufo5729 3 года назад +2

      You used to be able to in the 80s now u can’t lmao

  • @ste9474
    @ste9474 5 лет назад +18

    "Has never been shared.... until now"
    Published on 16 Jan 2007

    • @SlinkiestTortoise23
      @SlinkiestTortoise23 5 лет назад

      Ste Richards RUclips algorithm has been going a bit bonkers lately

  • @Sihengli
    @Sihengli 8 лет назад +8

    that ad at the end was actually clever... look at how the companies perceive us now...

  • @ctakitimu
    @ctakitimu 5 лет назад +42

    Loved his and Stephens book 'freakonomics' and 'how to rob a bank'. These guys rock and make economists sound cool

  • @jackmiddleton2080
    @jackmiddleton2080 5 лет назад +52

    Pretty much every competitive environment operates on that last quote from the drug dealer.

    • @ghostnoodle9721
      @ghostnoodle9721 5 лет назад +3

      Jack Middleton Selling anything is business
      Source: I was the middle school paper fortune teller dealer
      First ones free, colored paper is 5 cents extra

    • @Jack-Spark
      @Jack-Spark 5 лет назад

      Very True

  • @terrencebennett6742
    @terrencebennett6742 8 лет назад +73

    Is this guy still CEO @ Pied Piper?

    • @Terra101
      @Terra101 8 лет назад +3

      For Microsoft you mean?

    • @KasaiLifeTV
      @KasaiLifeTV 7 лет назад

      Terrence Bennett lolol

    • @Warkenshin
      @Warkenshin 7 лет назад +1

      Terrence Bennett came to see this answer and was no disappointed!

  • @EmpiricalPragmatist
    @EmpiricalPragmatist 5 лет назад +5

    So basically you get the pay of someone working at McDonald's and the death rate of someone eating at McDonald's. Man that's a raw deal.

  • @acovarrubias12
    @acovarrubias12 5 лет назад +3

    its so rare to find a good tedtalk nowadays

    • @colinkeyes2054
      @colinkeyes2054 5 лет назад +3

      acovarrubias12 I signed up for TED emails and every week I get berated with nonsense about what we can do to close the wage gap and why white people are ruining the earth.

    • @user-gu1hl2kx2k
      @user-gu1hl2kx2k 5 лет назад

      look at how trump is telling the US to burn more coal.

    • @thetechlibrarian
      @thetechlibrarian 5 лет назад

      a white people are not ruining the earth. If anything it’s the elites. Don’t group everyone together

  • @ronniew3229
    @ronniew3229 2 месяца назад +8

    Why is this hitting me in 2024 ?

    • @qspawnq
      @qspawnq 2 месяца назад

      We learn from history..

  • @DoctorSwagatron
    @DoctorSwagatron 7 лет назад +16

    Ah- 2004 TED talks. Watching in high quality 240 p

  • @mozkitolife5437
    @mozkitolife5437 11 лет назад +3

    After reading Freakonomics I wondered what Steven looked like but didn't know. After seeing him here he's exactly what I imagined.

  • @spasticdeadeyedhound1321
    @spasticdeadeyedhound1321 9 лет назад +19

    He mentions his friends got shut out in Silicon Valley, well I hope they stuck around because there were some big things going on in the area right about the time of this presentation.

    • @phuckyoo8443
      @phuckyoo8443 6 лет назад +10

      dont worry he started pied piper soon after

  • @jamesbyerly766
    @jamesbyerly766 5 лет назад +7

    Freakonomics was a great book. I know a lot of research went into it, but I'd love to read more just like it.

  • @davebryan8416
    @davebryan8416 9 лет назад +88

    Thomas Middleditch?

  • @saifuddinraja
    @saifuddinraja Месяц назад

    Got reccomended this old gem randomly today , God bless youtube !

  • @jayshepherd8562
    @jayshepherd8562 8 лет назад +103

    He reminds me of Richard from Silicon Valley...

    • @digdugheynow3965
      @digdugheynow3965 6 лет назад +2

      HA!

    • @chambleton702
      @chambleton702 5 лет назад +1

      i thought it was him till mid way thru

    • @raidenwave4219
      @raidenwave4219 5 лет назад +1

      exactly, all the way even the way he speaks... the actor playing Richard maybe used him as an inspiration for the role...

  • @MazinUrso
    @MazinUrso 11 месяцев назад +30

    2024 watching this ? 🫣

  • @stephangruhne3958
    @stephangruhne3958 5 лет назад +21

    Hey, I'd like to thank the Authors of the Subtitles. I feel they are never mentioned.

  • @BKLYNTURK1975
    @BKLYNTURK1975 5 лет назад +3

    I put 4 kids thru college as a dealer, the product literally sells itself as long as you don’t mess with its quality.

  • @sarcasmo57
    @sarcasmo57 6 лет назад +2

    This is not what I expected Steven Levitt to look like.

  • @adolfoforonda3363
    @adolfoforonda3363 7 месяцев назад

    One of the best TED talks ever.

  • @nativegerry335
    @nativegerry335 10 лет назад +367

    Mcdonalds and drug dealing; two most popular jobs for teenagers nowadays

    • @VladimirMorar
      @VladimirMorar 9 лет назад +12

      Would you please get off the internet?

    • @TheBSishere
      @TheBSishere 7 лет назад +16

      I knew people at Mac Don's that did both.

    • @Getemrightworldwide
      @Getemrightworldwide 7 лет назад +3

      You must not have been working hard as a teen.

    • @sohoyankee66
      @sohoyankee66 6 лет назад +6

      My brother flipped burgers at McD’s for several years. Now he’s a chief Medical Examiner. I used to work at Dunkin Donuts now I’m a scientist. Neither one of us ever dealt or used drugs. Not too shabby. Eh?

    • @BennieBrunink
      @BennieBrunink 6 лет назад

      The should rename MD the Shabby shack ..

  • @crazycutz8072
    @crazycutz8072 5 лет назад +51

    Tarantino is taking notes to his next movie... " did you know that we get lower wages then a MacD employee".. :D

    • @shawbros
      @shawbros 5 лет назад +1

      "lower wages then"
      than

  • @elativeful
    @elativeful 11 лет назад +12

    contexually it is presented as a joke- likely because it is an awkward subject, but yeah I agree with you. There is an a perpetuation of the feeling of an "other," and that is not benificial.

  • @amandarecoveryjones8216
    @amandarecoveryjones8216 6 лет назад

    WOW! Throwback TED talks??!?! Beautiful!

  • @MarK-iw2xj
    @MarK-iw2xj 5 лет назад +2

    This was phenomenal!
    Very very informative.

  • @acanarynamedrobyn4543
    @acanarynamedrobyn4543 5 лет назад +53

    he didn’t say “the N word” he repeated a quotation from another person that said it. in the immortal words of Joan Rivers... “oh, grow up!”

  • @joseph-ow1hf
    @joseph-ow1hf 5 лет назад +6

    This was all laid out in maybe the best TV show of all time...."The Wire".

    • @cordlefhrichter1520
      @cordlefhrichter1520 5 лет назад

      Breaking Bad is the best show of all time. Except maybe The Wire.

  • @MrBignick88
    @MrBignick88 8 лет назад +15

    i wasn't a gang member when i grew up but i had just as many guns waved in my face when i worked at 711 and to a teenager they are going to want a lot more money to do a job like i had so if they are going to be shot at may as well sell drugs a lot of co workers saw things this way but the problem in america is that police are under educated for the job they hold they should spend 3 years in the police academy that is why local and metro cops need to be abolished and state forces take over the job fines should be uniform so someone who has the misfortune of a broken tail light only gets fined once instead of 4 times on a single commute home

    • @SmashPortal
      @SmashPortal 8 лет назад +5

      You used one punctuation mark in your entire run-on sentence.

    • @MrBignick88
      @MrBignick88 8 лет назад +18

      Smash if i had a better education do you think i would work at 711

    • @xXxBLINGO07xXx
      @xXxBLINGO07xXx 8 лет назад +2

      Smash looked like a paragraph to me.

  • @morgengabe1
    @morgengabe1 7 лет назад

    One of the best ted talks I've ever seen!

  • @alanguile8945
    @alanguile8945 5 лет назад +2

    Great video, and no idea why this is being recommended now!

  • @PinoyPadyakero
    @PinoyPadyakero 8 лет назад +31

    This is similar to corporate world and in MLM

    • @evilresidence4
      @evilresidence4 6 лет назад +3

      Marxism Leninism Maoism?

    • @farribastarfyre
      @farribastarfyre 6 лет назад +3

      Holodomor [ASMR]
      MLM stands for multi-level marketing. I think the easiest way to describe it would be to simply say that it's basically a pyramid scheme and leave it at that. Although, I've been watching some videos about r/antimlm recently, and one of them has an intro that breaks it down perfectly. Here you go...
      ruclips.net/video/5ivEPxskIzk/видео.html

    • @user-sw1wq8lh2w
      @user-sw1wq8lh2w 5 лет назад

      it's all a pyramid

  • @steveducell2158
    @steveducell2158 8 лет назад +15

    in a sense, it is a self defeating system. Even if you are on "the board of directors" and make 400,000 / yr. , one has no legitimate way to invest the earning and actually escape into a legal lifestyle.. Thus no upward mobility for those on the bottom.

    • @jasondashney
      @jasondashney 6 лет назад +5

      You couldn't started a side business to launder the money, or purchased mortgages where you didn't have to provide documentation as to where you got the money, especially back then. Buying and renovating houses would've been the easiest way.

    • @jayeisenhardt1337
      @jayeisenhardt1337 6 лет назад +5

      Same as prohibition, Italians went for the glory Jews became bankers. Guess who ended up dead and who retired? I'd take that 100,000 a few years and bounce.

    • @nnoffuture
      @nnoffuture 5 лет назад +1

      False.

  • @slaughtz
    @slaughtz 15 лет назад +11

    That's a concept I never considered until you mentioned it and I'd like to thank you for sharing it. The very point of police is to protect community; and what else are these, what we call 'gangs' doing, other than protecting themselves and trying to get by? The U.S. was pretty much built for community; so it might just pose the question, should our communities, instead of putting away gangs, open opportunities for them? Understanding could be worth more than the general public gives credit.

    • @craigmason9893
      @craigmason9893 Год назад

      It was not made for community or whatever. What???

  • @Hidegety1
    @Hidegety1 5 лет назад +1

    refreshing oldtime TED

  • @kennethbutler1343
    @kennethbutler1343 5 лет назад

    One of the best TED videos...!!!

  • @RealGame101
    @RealGame101 8 лет назад +35

    Corporate America and it's double standard> We can sell drugs but dont you dare do it yourself! So just register yourself as a drug dealer and pay taxes then you are good. play by the rules until you get enough power to change them. real talk

    • @greoricm771
      @greoricm771 8 лет назад +8

      Your problem is with government not Corporate America. Big business is just playing around the rules the government sets. Your objective should be to get government out of the drugs not corporations.

    • @RealGame101
      @RealGame101 8 лет назад +4

      +Greoric M I can agree with that

    • @STEVENFRYFRY
      @STEVENFRYFRY 8 лет назад +5

      lobbyists influence government policy, and they aren't working for the populace

    • @greoricm771
      @greoricm771 8 лет назад +3

      Steven Fry
      The origin of corruption is first with government though. If they didn't have the influence to doll out favors then lobbyists wouldn't be lobbying them.

    • @STEVENFRYFRY
      @STEVENFRYFRY 8 лет назад +2

      Greoric M True, ,lacking ethics and morality on both sides of the ballot

  • @musicmnw1982
    @musicmnw1982 5 лет назад +3

    Dang it! Will you guys over at TED please turn the intro music down?

  • @markschiavone8003
    @markschiavone8003 5 лет назад +11

    RUclips, why am I just hearing about this now?

  • @jackmeoffhilory7121
    @jackmeoffhilory7121 8 лет назад

    the first ted talk worth listening 2

  • @jedfriedland1520
    @jedfriedland1520 5 лет назад

    A delightful surprise. Well done and fascinating.

  • @Alorand
    @Alorand 5 лет назад +8

    This video just won the RUclips Algorithm Lottery.
    Nobody in 2019:
    RUclips Algorithm: You get a recommendation, and you get a recommendation.
    Everyone gets a recommendation!

  • @NiftyShifty1
    @NiftyShifty1 5 лет назад +28

    Ahhh 240p. We meet again

  • @andrewryan2814
    @andrewryan2814 5 лет назад +3

    In stand up comedy they call that last 45 seconds a "great closer"

  • @skrewgravity
    @skrewgravity 5 лет назад +2

    Wow. I loved this.

  • @stridenbear
    @stridenbear 11 лет назад

    awesome presentation love all the TED videos

  • @mandypac2854
    @mandypac2854 11 лет назад +10

    Impressed. Why was I not shown this in 6th grade?

  • @karlmeadows1487
    @karlmeadows1487 8 лет назад +14

    I will stop you there , in England we had a heroin pandemic ,the dealers only turn up because theres a need for the user , the reason theres a user is mental illness or lack of confidence , I had a dealer who took all my money of me when I had a habit,when I got straight and saw him he started crying,I said don't cry you were my doctor , I ordered you to go and get me drugs

    • @arthurdent6256
      @arthurdent6256 8 лет назад +2

      Karl Meadows Different drug, different situation.

    • @Exsugarbabe1
      @Exsugarbabe1 7 лет назад +2

      So agreed, I live in a Shire and there's a massive homeless and Heroin problem, there's so few services to help these lost souls.

  • @djdrocco
    @djdrocco 11 лет назад +7

    Cultural and economic restrictions do play an exaggerated role in the choices of poor, inner-city youths. Someone who has never had appropriate behavior modeled for them is unlikely to have any idea how to behave appropriately. Understanding the factors in a bad situation is not the same thing as condoning that situation.

  • @jamesforeman4368
    @jamesforeman4368 11 лет назад

    Love the book. Nice to see the voice behind the curtain.

  • @chairmanmaozedong
    @chairmanmaozedong 11 лет назад

    One of the most entertaining TED talks. I laughed out loud. Oh no, I must be a bad person :-( To all, I offer peace, love and compassion.

  • @stephenkohler3472
    @stephenkohler3472 6 лет назад +3

    A dude tried to scratch "THUG LIFE" into the mirror in my cell with a button on his jump suit but it came out looking like "THUG LITE"

  • @pathutchison9866
    @pathutchison9866 5 лет назад +11

    15 minutes? That some good crack. 5 min tops

  • @davidhutchinson6377
    @davidhutchinson6377 11 лет назад +7

    I don't know..he makes some valid points. But I have to say, Being from Baltimore...and working in clubs where gangs frequented, drugs were indeed profitable. And yeah, they paid the price, in more ways than just busts...I like Steven Levitt...he is a bright intelligent person..but a bit off base here. On some of the "facts".

  • @nonamesam
    @nonamesam 11 лет назад +2

    To say that obesity is caused DIRECTLY by consuming McDonalds is extremely off base and disowns those who are obese of any wrongdoing on their part. I used to be obese 6 years ago, and then made a conscious effort on my part to lose weight because I realized it was my fault. I still love fast food, but have maintained a healthy body weight ever since.

  • @MsMariam1997
    @MsMariam1997 Год назад

    Very relevant today! Thanks for this information.

  • @SidneyIam
    @SidneyIam 9 лет назад +11

    Love this one

    • @jred7
      @jred7 9 лет назад

      SidneyIam Hey again! Fancy seeing you here!

    • @SidneyIam
      @SidneyIam 9 лет назад

      Lol hey!

  • @ontaka5997
    @ontaka5997 5 лет назад +6

    7:00 How do you feel about being poor and black.
    His colleague is very lucky that the gang members didn't pump lead into his body just for asking such a question.

    • @KaptainKKD
      @KaptainKKD 5 лет назад

      who knows, maybe they respected him because they searched him and the only weapon they found on him was a clipboard and pen, which may translate to "he got balls"

  • @eddycurrent413
    @eddycurrent413 5 лет назад +14

    This guy really gets it. He must have been a hopper in a corner somewhere.

  • @therealorberon
    @therealorberon 12 лет назад

    Would be great to have a HD version to see the slides.

  • @BudahOfBirmingham
    @BudahOfBirmingham 6 лет назад

    Brilliant talk young man. Budah

  • @MeatHusk
    @MeatHusk 5 лет назад +8

    20:52 hard R

  • @ninjrar
    @ninjrar 5 лет назад +3

    How is this video still monetized in 2019 with the language used? Great video nonetheless

  • @DanielVidz
    @DanielVidz 8 лет назад +4

    2:20 Is this Walter White in his younger days?

  • @alejobagnera3883
    @alejobagnera3883 7 лет назад

    The good times of ted talks

  • @johnfajer7691
    @johnfajer7691 5 лет назад +2

    Jesus, FINE RUclips, I'LL WATCH IT.

  • @brianschermerhorn7294
    @brianschermerhorn7294 8 лет назад +4

    I love Freakonomics, but when I pictured him when he said "I went inside the gang" it made me chuckle

  • @Hcfungfuikbgdhhh
    @Hcfungfuikbgdhhh 11 лет назад +3

    The entire purpose of the talk was to demonstrate that, A. Drug dealers don't make a good living, and B. Why it is still rational. This study illuminates the difficulty of inner-city living and helps to show that it may not be simply be the residents fault. Of course, a few feelings were hurt along the way (not the least of which are yours), but presumably, the implications of the study are more important than your hurt feelings.

  • @Boredperson360
    @Boredperson360 5 лет назад +37

    Im gonna reverse his statement: why is mcdonals such a crappy job that you have to moonlight as a drug dealer?

    • @JDines
      @JDines 5 лет назад +9

      The smart ones have a job so the IRS and local cops don't question how you have things that cost money, and it gives them an opportunity to network and increase their customer base.

    • @evanpc7002
      @evanpc7002 5 лет назад +2

      It’s fun you get to have guns and you have a feeling of power in a gang

    • @Boredperson360
      @Boredperson360 5 лет назад +2

      @K W Who makes an entire buisiness model on child labour?

    • @CHRISSMITH-hj6sx
      @CHRISSMITH-hj6sx 5 лет назад +3

      @@Boredperson360 nike

    • @CHRISSMITH-hj6sx
      @CHRISSMITH-hj6sx 5 лет назад +1

      @@Boredperson360 and every other corporation?

  • @LotusLetters
    @LotusLetters 4 года назад +1

    Great lesson! I’m sure he enjoyed his research.

  • @RedCloudBeechWaveAhh
    @RedCloudBeechWaveAhh 6 лет назад +2

    The thing that shocks me more than anything else in the video, is the laughter - the quality reminds me of mild amusement, laughing at something very distant. Is that just me? The interpretation that comes to mind first is that they see black folks as the Other, not as "the same but different," separate, people from another world. Gang member is a subset of that group. So there's a lack of empathy, and the spirit of the talk is light-hearted. I may be adding my own interpretation to this, but I am sure, at least, that the speaker and his audience are somewhat detached and not expressing deep concern or feeling great pain for those reverted to in the talk.
    What is that about?

    • @jessicacole8404
      @jessicacole8404 5 лет назад

      *they were a bunch of rich white people back in 2003. Of course they were unempathetic*

    • @chickenfishhybrid44
      @chickenfishhybrid44 3 месяца назад

      It's not that deep. They're laughing because a nerdy white guy is saying these things

  • @CheesyBakeOven
    @CheesyBakeOven 11 лет назад +8

    i have such a crush on Steve Levitt!!

  • @74czer
    @74czer 5 лет назад +7

    That's why I flew solo. And can tell you made more than $3.50 ph.

    • @JDines
      @JDines 5 лет назад +2

      Not in any of the neighborhoods this guy is talking about. You wouldn't last the day.

    • @soakedbearrd
      @soakedbearrd 5 лет назад +7

      People need to put this in perspective, they are talking about the 80's, 3.50 an hour tax free was very good money for inner city youth with no or little education. Adjusted for inflation that's probably 11 bucks an hour off the books which is really about 15 an hour taxed now. Not rich money by any means but not 3.50 an hour 2019. Plus you get prestige, brotherhood, respect (wrongheaded of course) and women. Is it worth destroying your community and your life? Of course not, but humans are mimics and they see whats around them. Street life has very limited options of making money, drug dealing for males and prostitution/stripping for women were common.

    • @soakedbearrd
      @soakedbearrd 5 лет назад +4

      @James sims I guess you missed this part "Is it worth destroying your community and your life? Of course not, but humans are mimics and they see whats around them."
      I dont condone this work or glorify it, and it obviously doesnt apply to me since most drug dealers arent on youtube commenting on TED with analysis.

    • @sjuvanet
      @sjuvanet 5 лет назад +1

      @@soakedbearrd great point

    • @ThisDique
      @ThisDique 5 лет назад

      @@soakedbearrd he said in the 90s so $3.50 is less than min wage and adjusted for inflation today would be $6.86. Federally it's good money but in metropolitan hubs you can't survive.

  • @devilishcow999
    @devilishcow999 10 лет назад +14

    gangstanomics 101

  • @cubegamer1210
    @cubegamer1210 2 месяца назад +1

    Man’s is wildlin, I wanna see him tell the gang leaders they livin wit moms 😂😂 boi be gettin as whoooooooped 😂😂😂

  • @Dirth13
    @Dirth13 6 лет назад

    Incredible talk.