The freakonomics of McDonalds vs. drugs | Steven Levitt

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TED

TED

17 жыл бұрын

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
www.ted.com/index.php/talks/top10

Пікірлер: 1 900
@Smurfilton
@Smurfilton 5 жыл бұрын
Why is this recommended to me just now.. anyone else?
@emilyyork154
@emilyyork154 5 жыл бұрын
Just now ??? weird
@Farmhouse1986
@Farmhouse1986 5 жыл бұрын
Same here, I thought it was odd myself
@printeh
@printeh 5 жыл бұрын
Same here. 12 year old video
@bradypats1
@bradypats1 5 жыл бұрын
algorithm waits a week to cache data and pukes recs on a Sunday (....?)
@TeceraOfficial
@TeceraOfficial 5 жыл бұрын
Same, but I'm also an econ major, so....
@InnocenceExperience
@InnocenceExperience 12 жыл бұрын
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.
@macnolds4145
@macnolds4145 5 жыл бұрын
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 жыл бұрын
Are people really not able to watch this because of the resolution? That seems crazy! but idk
@jimbojones8208
@jimbojones8208 5 жыл бұрын
It's actually quite common, the low resolution.
@anuragvdo
@anuragvdo 9 жыл бұрын
Sweet times when TED talks had substance.
@jerrson9020
@jerrson9020 8 жыл бұрын
lol )
@richl9268
@richl9268 8 жыл бұрын
+Anurag Sharma So true my man. So true.
@HToothrot
@HToothrot 7 жыл бұрын
Preach brother
@addi9890
@addi9890 7 жыл бұрын
Anurag Sharma true but the speakers aren't as good.
@JesterMasque
@JesterMasque 7 жыл бұрын
Back when the content mattered more than the delivery of the speech..
@adamknowles1
@adamknowles1 5 жыл бұрын
Talking about the eighties while dressed as the nineties on a platform in the 2000’s
@joshishmo
@joshishmo 5 жыл бұрын
With a 70's hairdo
@Ankit-zu2kp
@Ankit-zu2kp 5 жыл бұрын
Watching a decade later.
@montinaladine3264
@montinaladine3264 5 жыл бұрын
True!
@TheXuism
@TheXuism 5 жыл бұрын
@@Ankit-zu2kp aha feel like playing Nintendo FC game.
@warrensokol3069
@warrensokol3069 5 жыл бұрын
HAHAHA!!
@joosewv
@joosewv 6 жыл бұрын
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 жыл бұрын
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 жыл бұрын
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 жыл бұрын
That hard ER hahaha
@hoboz4
@hoboz4 5 жыл бұрын
@@clayhackney3514 ngl, he probably quoted that wrong.
@tcrstowing555
@tcrstowing555 5 жыл бұрын
Rather deal with a SJW then a bullet at Walmart👀
@Thingsandcosas
@Thingsandcosas 11 жыл бұрын
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 жыл бұрын
SaraHeartsGirls Only the fools fall for that.
@onusgumboot5565
@onusgumboot5565 6 жыл бұрын
soho yankee- yeah, but there's a lot of fools out there
@agamerjourney9146
@agamerjourney9146 4 жыл бұрын
So true
@ktreagus
@ktreagus 3 жыл бұрын
@@pashadyne In the middle ages, that was the role of religion.
@saitodosan9377
@saitodosan9377 2 жыл бұрын
​@@ktreagus 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 жыл бұрын
I saw this twelve years after it was released. It was worth the wait.
@giantspider100
@giantspider100 5 жыл бұрын
KZfaq recommendations be like: 2007-2018: nope 2019: yup
@ericbruscoe5956
@ericbruscoe5956 5 жыл бұрын
I know..whats up with that...?lol
@NotTheWheel
@NotTheWheel 5 жыл бұрын
Bill Gates twin brother sure knows a lot about the Drug Game.
@joshmayne2853
@joshmayne2853 5 жыл бұрын
a pimps love is very different than that of a square
@bigtimepimpin666
@bigtimepimpin666 5 жыл бұрын
@@joshmayne2853 it's a fascinating world none the less... awesome reference.
@tendrams
@tendrams 4 жыл бұрын
"Can't get rich selling marijuana"....Boy, times have changed. LOL!
@RelativeBadger
@RelativeBadger 3 жыл бұрын
still can't
@greatbingus
@greatbingus 3 жыл бұрын
California just had to give a $100million bailout to the marijuana industry, yes how times have changed indeed, lol, indeed.
@AngelPerezComedy
@AngelPerezComedy 3 жыл бұрын
@@RelativeBadger not true. Get it cheap enough and move alot.n
@ballsdeep9400
@ballsdeep9400 2 жыл бұрын
@@AngelPerezComedy Lol good weed aint cheap and cheap weed aint good, only the growers really making money
@ballsdeep9400
@ballsdeep9400 2 жыл бұрын
He's right, i think you mean you can get RICHER but you'd already need a ton of money to actually become rich with weed, all the big weed companys are owned by big companies keeping it lowkey
@DL-fy5yr
@DL-fy5yr 5 жыл бұрын
KZfaq recommendations is clearly broken, but i really enjoyed his presentation.
@plawso
@plawso 5 жыл бұрын
you clicked on the video and enjoyed it. sounds like the recommendations are doing their job if you ask me
@frischifrisch6860
@frischifrisch6860 5 жыл бұрын
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 KZfaq 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 KZfaq. 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 жыл бұрын
@@plawso lol, good point.
@frischifrisch6860
@frischifrisch6860 5 жыл бұрын
@Liam Mackenny have you tried: trackthis.link/ where you can choose an alter ego and ads will be altered ... quite funny ... and scary ;-)
@DarthCalculus
@DarthCalculus 7 жыл бұрын
The ad at the beginning of this video when I watched it was for McDonald's
@DF-bn3gg
@DF-bn3gg 7 жыл бұрын
same
@H_Industries317
@H_Industries317 7 жыл бұрын
same
@MrsGondee
@MrsGondee 7 жыл бұрын
why are you watchin ads at all
@sergiipliuta9186
@sergiipliuta9186 7 жыл бұрын
shhh, adblock is a big secret :)))
@GenesisRussell-jt2rp
@GenesisRussell-jt2rp 7 жыл бұрын
it's a secret to everybody
@ozzie069ma
@ozzie069ma 9 жыл бұрын
Just finished the book. One of the most amazing things I have EVER read.
@1OverWeightDragons
@1OverWeightDragons 7 жыл бұрын
which book?
@elemenopycuaress7454
@elemenopycuaress7454 7 жыл бұрын
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 жыл бұрын
+Jack Jameson how can you read his comment if you can't read?
@thugnomics123
@thugnomics123 7 жыл бұрын
Late to the party, but i just finished it and came back here to see this again. Absolutely amazing book.
@adamwalsh5768
@adamwalsh5768 10 жыл бұрын
This is one of my favorite TED talks that I've seen.
@PhillipBlanton
@PhillipBlanton 5 жыл бұрын
This is mine: kzfaq.info/get/bejne/fdBofKRn3bXUg58.html
@criticalbit8230
@criticalbit8230 5 жыл бұрын
I have no idea why this showed up in my feed, but it was fantastic.
@evelynwaugh4053
@evelynwaugh4053 5 жыл бұрын
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 10 жыл бұрын
Hey TED, would it be possible for you to reupload these in HD or at least 360p or 480p
@TheRealSandorClegane
@TheRealSandorClegane 10 жыл бұрын
you don't need to see the freckles on his dick just listen to what he's saying.
@Buckets41369
@Buckets41369 10 жыл бұрын
walter white how about reading the presentation
@RobertDigitalArtist
@RobertDigitalArtist 10 жыл бұрын
***** Apple fan boys be trollin' like only Apple fan boys do.
@nedisahonkey
@nedisahonkey 7 жыл бұрын
Tom Just read his book.
@Buckets41369
@Buckets41369 7 жыл бұрын
no
@justinhall3073
@justinhall3073 10 жыл бұрын
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.
@AC-ik2qq
@AC-ik2qq 2 жыл бұрын
20:52 i can see the article already... "nerdy looking white man says n-word"
@OfAngelsAndAnarchist
@OfAngelsAndAnarchist 7 жыл бұрын
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 жыл бұрын
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 жыл бұрын
Ted himself was actively involved back then... edit:Thank you for the likes 2 strangers...
@MrDuffy81
@MrDuffy81 16 жыл бұрын
I really appreciate his intellectual humor. He is a GREAT stort-teller.
@tr1co0
@tr1co0 5 жыл бұрын
The amount of laughter this audience reacted with to him using the vernacular of the gang members is telling...
@bo8504
@bo8504 5 жыл бұрын
My thoughts exactly.
@dddmemaybe
@dddmemaybe 5 жыл бұрын
Humor never changes lol.
@Lishkabro
@Lishkabro 5 жыл бұрын
Telling of what?
@kidacrimson1204
@kidacrimson1204 5 жыл бұрын
@@Lishkabro, extreme white privilege. This is Monterrey, CA after all.
@BirdUpFR
@BirdUpFR 5 жыл бұрын
It's juxtaposition, he's purposefully making it humorous
@Valchee9192631770
@Valchee9192631770 5 жыл бұрын
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.
@Valchee9192631770
@Valchee9192631770 4 жыл бұрын
Follow up: I managed to pass the test! :D
@ctakitimu
@ctakitimu 5 жыл бұрын
Loved his and Stephens book 'freakonomics' and 'how to rob a bank'. These guys rock and make economists sound cool
@aaronbono4688
@aaronbono4688 8 жыл бұрын
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 жыл бұрын
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 7 жыл бұрын
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 7 жыл бұрын
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 7 жыл бұрын
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 жыл бұрын
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.
@amandarecoveryjones8216
@amandarecoveryjones8216 6 жыл бұрын
WOW! Throwback TED talks??!?! Beautiful!
@ste9474
@ste9474 5 жыл бұрын
"Has never been shared.... until now" Published on 16 Jan 2007
@SlinkiestTortoise23
@SlinkiestTortoise23 5 жыл бұрын
Ste Richards KZfaq algorithm has been going a bit bonkers lately
@Sihengli
@Sihengli 7 жыл бұрын
that ad at the end was actually clever... look at how the companies perceive us now...
@crazycutz8072
@crazycutz8072 5 жыл бұрын
Tarantino is taking notes to his next movie... " did you know that we get lower wages then a MacD employee".. :D
@shawbros
@shawbros 5 жыл бұрын
"lower wages then" than
@EmpiricalPragmatist
@EmpiricalPragmatist 5 жыл бұрын
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.
@MarK-iw2xj
@MarK-iw2xj 5 жыл бұрын
This was phenomenal! Very very informative.
@thehorizontries4759
@thehorizontries4759 5 жыл бұрын
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 жыл бұрын
Really, that’s what you got out of this? He quoted someone...what need would you have to use such a vulgarity?
@ilive41
@ilive41 4 жыл бұрын
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 4 жыл бұрын
Austin Earley good point
@wessturdevant6260
@wessturdevant6260 4 жыл бұрын
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 жыл бұрын
I doubt he used the hard R in the real quote
@pokealotasmot10
@pokealotasmot10 12 жыл бұрын
deffinantly one of the best TED talks ever. this was awesome! good to spread the word about some people who dont have it as good as everyone else
@89tin
@89tin 2 жыл бұрын
The one with Ed O'Neil is pretty good. Check that out
@Hcfungfuikbgdhhh
@Hcfungfuikbgdhhh 10 жыл бұрын
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.
@BadHabitMarco
@BadHabitMarco 6 жыл бұрын
This is fabulous! Great work!
@eddycurrent413
@eddycurrent413 5 жыл бұрын
This guy really gets it. He must have been a hopper in a corner somewhere.
@terrencebennett6742
@terrencebennett6742 7 жыл бұрын
Is this guy still CEO @ Pied Piper?
@Terra101
@Terra101 7 жыл бұрын
For Microsoft you mean?
@KasaiLifeTV
@KasaiLifeTV 7 жыл бұрын
Terrence Bennett lolol
@Warkenshin
@Warkenshin 7 жыл бұрын
Terrence Bennett came to see this answer and was no disappointed!
@MrBignick88
@MrBignick88 7 жыл бұрын
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 7 жыл бұрын
You used one punctuation mark in your entire run-on sentence.
@MrBignick88
@MrBignick88 7 жыл бұрын
Smash if i had a better education do you think i would work at 711
@xXxBLINGO07xXx
@xXxBLINGO07xXx 7 жыл бұрын
Smash looked like a paragraph to me.
@lee5548
@lee5548 2 жыл бұрын
Best talk I’ve seen . His books are amazing
@jkohutiak
@jkohutiak 8 жыл бұрын
man this has to be the best TED ive seen!
@lutze5086
@lutze5086 7 жыл бұрын
peter griffin 8 minutes in and its trash
@jackmiddleton2080
@jackmiddleton2080 5 жыл бұрын
Pretty much every competitive environment operates on that last quote from the drug dealer.
@ghostnoodle9721
@ghostnoodle9721 5 жыл бұрын
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 жыл бұрын
Very True
@morgengabe1
@morgengabe1 7 жыл бұрын
One of the best ted talks I've ever seen!
@MsMariam1997
@MsMariam1997 Жыл бұрын
Very relevant today! Thanks for this information.
@acovarrubias12
@acovarrubias12 5 жыл бұрын
its so rare to find a good tedtalk nowadays
@colinkeyes2054
@colinkeyes2054 5 жыл бұрын
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 жыл бұрын
look at how trump is telling the US to burn more coal.
@thetechlibrarian
@thetechlibrarian 5 жыл бұрын
a white people are not ruining the earth. If anything it’s the elites. Don’t group everyone together
@jamesbyerly766
@jamesbyerly766 5 жыл бұрын
Freakonomics was a great book. I know a lot of research went into it, but I'd love to read more just like it.
@ceruchi2084
@ceruchi2084 5 жыл бұрын
There are two sequels!
@stridenbear
@stridenbear 11 жыл бұрын
awesome presentation love all the TED videos
@alanguile8945
@alanguile8945 5 жыл бұрын
Great video, and no idea why this is being recommended now!
@jayshepherd8562
@jayshepherd8562 7 жыл бұрын
He reminds me of Richard from Silicon Valley...
@digdugheynow3965
@digdugheynow3965 6 жыл бұрын
HA!
@chambleton702
@chambleton702 5 жыл бұрын
i thought it was him till mid way thru
@raidenwave4219
@raidenwave4219 4 жыл бұрын
exactly, all the way even the way he speaks... the actor playing Richard maybe used him as an inspiration for the role...
@stephangruhne3958
@stephangruhne3958 5 жыл бұрын
Hey, I'd like to thank the Authors of the Subtitles. I feel they are never mentioned.
@adolfoforonda3363
@adolfoforonda3363 2 ай бұрын
One of the best TED talks ever.
@kennethbutler1343
@kennethbutler1343 5 жыл бұрын
One of the best TED videos...!!!
@DoctorSwagatron
@DoctorSwagatron 6 жыл бұрын
Ah- 2004 TED talks. Watching in high quality 240 p
@jayeisenhardt1337
@jayeisenhardt1337 6 жыл бұрын
144 p in 2018 baby
@nativegerry335
@nativegerry335 10 жыл бұрын
Mcdonalds and drug dealing; two most popular jobs for teenagers nowadays
@VladimirMorar
@VladimirMorar 9 жыл бұрын
Would you please get off the internet?
@TheBSishere
@TheBSishere 7 жыл бұрын
I knew people at Mac Don's that did both.
@Getemrightworldwide
@Getemrightworldwide 6 жыл бұрын
You must not have been working hard as a teen.
@sohoyankee66
@sohoyankee66 6 жыл бұрын
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 жыл бұрын
The should rename MD the Shabby shack ..
@jedfriedland1520
@jedfriedland1520 4 жыл бұрын
A delightful surprise. Well done and fascinating.
@danmarino627
@danmarino627 12 жыл бұрын
I'm so glad that I found this TEDtalksdirector channel. These are some of the most interesting videos I've seen in a while. I've been stuck in all these alternative history/religion/conspiracy videos for a while (esoteric new age black supremacy videos are the strangest of all). This is a breath of fresh air.
@CheesyBakeOven
@CheesyBakeOven 10 жыл бұрын
i have such a crush on Steve Levitt!!
@markschiavone8003
@markschiavone8003 5 жыл бұрын
KZfaq, why am I just hearing about this now?
@jamesforeman4368
@jamesforeman4368 11 жыл бұрын
Love the book. Nice to see the voice behind the curtain.
@LotusLetters
@LotusLetters 4 жыл бұрын
Great lesson! I’m sure he enjoyed his research.
@spasticdeadeyedhound1321
@spasticdeadeyedhound1321 8 жыл бұрын
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 жыл бұрын
dont worry he started pied piper soon after
@musicmnw1982
@musicmnw1982 5 жыл бұрын
Dang it! Will you guys over at TED please turn the intro music down?
@rontavakoli-JD-MBA
@rontavakoli-JD-MBA 5 жыл бұрын
outstanding talk. excellent.
@jackmeoffhilory7121
@jackmeoffhilory7121 7 жыл бұрын
the first ted talk worth listening 2
@AshPhoenix
@AshPhoenix 7 жыл бұрын
Fantastic speech
@steveducell2158
@steveducell2158 7 жыл бұрын
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 жыл бұрын
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 жыл бұрын
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 жыл бұрын
False.
@GeordiLaForgery
@GeordiLaForgery 8 жыл бұрын
Very interesting, great research.
@sparkomatic803
@sparkomatic803 5 жыл бұрын
I am late to this talk, but this was an extraordinary TED talk. Really put everything (gang and corporate) into a pot. Then boiled it all down. And it made sense -- very good sense.
@VincentGonzalezVeg
@VincentGonzalezVeg 5 жыл бұрын
Educational Depressing and hilarious Awesome
@PinoyPadyakero
@PinoyPadyakero 8 жыл бұрын
This is similar to corporate world and in MLM
@evilresidence4
@evilresidence4 6 жыл бұрын
Marxism Leninism Maoism?
@farribastarfyre
@farribastarfyre 6 жыл бұрын
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... kzfaq.info/get/bejne/a8-meLOp2NGtqp8.html
@user-sw1wq8lh2w
@user-sw1wq8lh2w 5 жыл бұрын
it's all a pyramid
@russellgillick7637
@russellgillick7637 5 жыл бұрын
I got a McDonald's $1 burger ad before I got to watch this.
@mozkitolife5437
@mozkitolife5437 10 жыл бұрын
After reading Freakonomics I wondered what Steven looked like but didn't know. After seeing him here he's exactly what I imagined.
@pathutchison9866
@pathutchison9866 5 жыл бұрын
15 minutes? That some good crack. 5 min tops
@Boredperson360
@Boredperson360 5 жыл бұрын
Im gonna reverse his statement: why is mcdonals such a crappy job that you have to moonlight as a drug dealer?
@JDines
@JDines 5 жыл бұрын
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 жыл бұрын
It’s fun you get to have guns and you have a feeling of power in a gang
@Boredperson360
@Boredperson360 5 жыл бұрын
@K W Who makes an entire buisiness model on child labour?
@CHRISSMITH-hj6sx
@CHRISSMITH-hj6sx 5 жыл бұрын
@@Boredperson360 nike
@CHRISSMITH-hj6sx
@CHRISSMITH-hj6sx 5 жыл бұрын
@@Boredperson360 and every other corporation?
@skrewgravity
@skrewgravity 5 жыл бұрын
Wow. I loved this.
@BKLYNTURK1975
@BKLYNTURK1975 5 жыл бұрын
I put 4 kids thru college as a dealer, the product literally sells itself as long as you don’t mess with its quality.
@andrewryan2814
@andrewryan2814 4 жыл бұрын
In stand up comedy they call that last 45 seconds a "great closer"
@geezzerboy
@geezzerboy 15 жыл бұрын
Do you know anyone who was ever charged with Making Crack? Not a rumor, but a newspaper report , from anywhere in the world, anytime since Crack was invented.
@therealorberon
@therealorberon 11 жыл бұрын
Would be great to have a HD version to see the slides.
@DJStalinKGB
@DJStalinKGB 5 жыл бұрын
Love this talk!!!
@davebryan8416
@davebryan8416 8 жыл бұрын
Thomas Middleditch?
@pictureBigger
@pictureBigger 8 жыл бұрын
borderline creepy resemblance
@reubenrajeev4861
@reubenrajeev4861 6 жыл бұрын
here i was thinking i was the only one
@whatevernamegoeshere3644
@whatevernamegoeshere3644 6 жыл бұрын
"Thomas Middleditch" When you stop watching halfway in lol
@mandypac2854
@mandypac2854 10 жыл бұрын
Impressed. Why was I not shown this in 6th grade?
@Hidegety1
@Hidegety1 5 жыл бұрын
refreshing oldtime TED
@joseph-ow1hf
@joseph-ow1hf 5 жыл бұрын
This was all laid out in maybe the best TV show of all time...."The Wire".
@cordlefhrichter1520
@cordlefhrichter1520 5 жыл бұрын
Breaking Bad is the best show of all time. Except maybe The Wire.
@slaughtz
@slaughtz 14 жыл бұрын
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 9 ай бұрын
It was not made for community or whatever. What???
@poppypollen4362
@poppypollen4362 4 жыл бұрын
Now that was enlightening.
@UniversalPotentate
@UniversalPotentate 10 жыл бұрын
That was BRILLIANT! The Weak & Shit principle of pay structure theory. ONLY Steven Levitt would be able to articulate that.
@NiftyShifty1
@NiftyShifty1 5 жыл бұрын
Ahhh 240p. We meet again
@elativeful
@elativeful 10 жыл бұрын
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.
@Paraselene_Tao
@Paraselene_Tao 5 жыл бұрын
first time I favorited a ted talk
@hatetechstuff
@hatetechstuff 12 жыл бұрын
What a staunchy opening statement. And how many people looked at the view count and thought 'I wonder how many crack dealers living with their moms clicked on this to find out how to get out of their house and be more profitable'..? Just me?
@Alorand
@Alorand 5 жыл бұрын
This video just won the KZfaq Algorithm Lottery. Nobody in 2019: KZfaq Algorithm: You get a recommendation, and you get a recommendation. Everyone gets a recommendation!
@SunderBlue22
@SunderBlue22 5 жыл бұрын
In other words, corporations are gangs...
@Kosaro1234
@Kosaro1234 5 жыл бұрын
Or conversely that gangs are just another corporation
@pkatz80
@pkatz80 5 жыл бұрын
There's a certain tried and true structure to any efficient organisation. It doesn't matter if it's a company or a gang, and it doesn't really matter where the revenue comes from. That's just how the dominoes fall eventually, and not just under a Capitalist system. You had very similar structures in the USSR , with slightly different names for the roles, but the structures were there.
@Kosaro1234
@Kosaro1234 5 жыл бұрын
@@pkatz80 well said
@pre-packaged_9692
@pre-packaged_9692 5 жыл бұрын
Yes but they are able to kill way more people!
@jaguardestiny999
@jaguardestiny999 5 жыл бұрын
Almost made me snort out my coffee at the end. Did he just drop that all casual like that?
@BudahOfBirmingham
@BudahOfBirmingham 6 жыл бұрын
Brilliant talk young man. Budah
@RealGame101
@RealGame101 8 жыл бұрын
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 7 жыл бұрын
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 7 жыл бұрын
+Greoric M I can agree with that
@STEVENFRYFRY
@STEVENFRYFRY 7 жыл бұрын
lobbyists influence government policy, and they aren't working for the populace
@greoricm771
@greoricm771 7 жыл бұрын
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 7 жыл бұрын
Greoric M True, ,lacking ethics and morality on both sides of the ballot
@Pleaseunderstand
@Pleaseunderstand 8 жыл бұрын
I wonder if Rob Ford watched this? Probably not.
@18despues
@18despues 2 жыл бұрын
16:12 I think is what happened to the two different fields i became educated in thinking there was so much opportunity
@jooky87
@jooky87 6 жыл бұрын
Levitt is one of the best!
@GrimReefer
@GrimReefer 11 жыл бұрын
I think he may have said "powder cocaine"
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