Steven Levitt: The freakonomics of crack dealing

http://www.ted.com/talks/steven_levitt_analyzes_crack_economics#t-130058

     In Steven Levitt Ted talk, he is first explaining and describing the drugs lords of America and the gang affiliation which he says is the worse job to have in the United States. Also, he talks about what went on in the 1980s in the United States when there was a lot of gang affiliation , where there were gang leaders that had a lot of power, prestige , and fight with a lot of individuals physically but these type of gang people were not making any money like a normal person would do. During this time crack cocaine was very popular at the time because during the time the market was very competitive. Cocaine was selling by a lot of gang people it was like the extra chunk of tomato sauce that was mentioned in the video. In the last 25 years cocaine was the biggest innovation in the time by getting the brain high which was like an addiction of the time. The drug was selling because of the high which was a very wonderful market at the time, where it made a lot of money. In this part of the video Steven friend, a sociologist who was a south Asian freak friend he had at the University of Chicago where he surveyed people across the nation in the toughest neighborhood project in the nation.  This was during the crack epidemic where he entered a building to find out about the gang, where they almost shoot but luckily he had his board that protected him. He went to find out the life of a gang in order to do a survey they usually would shoot first then answer questions last. They learned about the insights of a gang financial world they had, where they compared hierarchy's of a gang compared to to McDonald's employers world.