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Freakonomics conclusion
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Freakonomics Chapter 3: Why do drug dealers still live with their moms? Outline the main arguments and supporting evidence used by the authors While people think drug dealers earn a lot of money, it is actually only the people in the top of the pyramid who earn a lot of money. That is why most of the other drug dealers have to live with their moms. Evidence: The rest of the people, such as foot soldiers rarely earn any money, and the traders at the bottom even pay to be in the drug trading gang. Convincing and valid as it is also how big companies in the society works too. The people at the bottom of the pyramid barely earn anything, and have to rely on their parents for financial support. If they rarely earn any money and there is a great
risk of dying, why do people still want to be drug dealers? It is because it is the only path that teens who are lost in poverty see possible for themselves. Evidence: The teens are raised in bad environments that don’t offer great education, and the only things that they probably seen throughout their lives are drug trading, so they seek out to do what is laid out in front of them. Convincing and valid as children go for the opportunities that they see and think they can achieve. What kind of systems are there for other drug tradings other than crack and cocaine? Are they similar? or do they have different systems?
Summary In chapter one of Freakonomics, the beginning portion of the chapter discusses information and the connection it shares with the Ku Klux Klan and real-estate agents. The Ku Klux Klan was founded right after the Civil War, in order to persecute and subdue the slaves that were newly freed. The popularity of the Klan increased in the early 20th century, around the time of World War I. In the late 19th century, the Klan had only discriminated, persecuted, and subdued Blacks, but in the 20th century they did these things to Blacks, Jews, and Gypsies.
Over the past 60 years there has been a recent phenomenon in the development and rise of gangs and gang violence. This is exceptionally apparent in South Central Los Angeles, where the Bloods and the Crips have taken control of the social structure and created a new type of counter culture. Poverty in this area is an enormous problem caused by a sheer lack of jobs; but just because there is a lack of jobs doesn’t mean that there will be a lack of bills to pay, so sometimes selling drugs in order to keep a roof over your head seems like the most logical option. Crime often times flourishes in these regions because the inconvenient truth is; crime pays. Senator Tom Hayden stated “It’s been defined as a crime problem and a gang problem
Time and time again we hear politicians and office holders preach the need for a powerful middle-class. You may then be surprised to hear that “about 82% of America’s net worth belongs to the top 20%, the next 80% of people only own about 18% of America’s wealth” (UCSC). Some may argue that this disproportion is the beauty of capitalism, the chance to create an empire. I argue that the proportions are simply unfair. Why is it that “ the average CEO makes 350X as much as his/her employee” (UCSC)?
As more and more immigrants began to spread throughout the US, more and more gangs of people began to emerge. Gangs were usually made up of people of a common ethnicity, whether it be Irish, Italian, or Hispanic. These gangs were usually victims of anti-immigrant policies and looked for strength in numbers. As gangs became more and more sophisticated they realized they could make profits from the power they were accumulating. One of the most recognizable examples is the bootlegging of alcohol during the Prohibition. When federal officials attempted to enforce legislation such as the Volstead Act, there was a surge of illegal sales and profits. In 1927, Al Capone and his gang racked up over $60 million from bootlegged alcohol. With all of this money came tons of violence, people were getting murdered in broad daylight just so others could have a sum of all of this wealth. Soon Mob families would own clubs or casinos to increase their wealth. The attendees weren’t only made up of rich mob bosses, the alcohol, dancing, and gambling attracted many ordinary
This is a very prideful way to view society. I believe that if a man works hard, he should be rewarded and can accumulate wealth that way. Not given money from the rich who worked hard to get wealth.
Inside of this video, this guy really targets an issue nobody has really been presented. He shows charts that talk about how we Americans think our wealth is distributed. We think distribution is doing alright. Americans think that the bottom 40% is getting a bit of money. They also believe that the middle class is doing reasonably well. Unfortunately, that is not the case. In the video, he breaks it down a little bit getter. He shows a graph that shows how money is actually being distributed. The poorest of poor don 't even register on the poverty line. The middle class is barely making it. And then there is this huge difference between "the rich" and the poor. It is proven that the 1% of America has 40% of the entire nation 's wealth ("Wealth Inequality in America."). The bottom 80% of America only share 7% of the nation 's wealth among themselves. The top 1% has 50% of the stocks, bonds, and mutual funds. The bottom 50% of Americans only own 0.5% ("Wealth Inequality in America."). The poor is not just getting by but they are scraping and fighting to get by. Now that it is clear that there is a lot of poor people in America, it is important to figure out how to fix
This chapter's main idea is that the study of economics is the study of incentives. We find a differentiation between economic incentives, social incentives and moral incentives. Incentives are described in a funny way as "means of urging people to do more of a good thing or less of a bad thing", and in this chapter we find some examples public school teachers in Chicago, sumo wrestling in Japan, take care center in Israel and Paul Feldman's bagel business of how incentives drive people and most of the time the conventional wisdom turns to be "wrong" when incentives are in place.
The movie Freaky Friday explores the extent to which a parent and a child understands each other while maintaining a healthy relationship. The movie begins with the mother-daughter relationship between fifteen year old, Anna and her mother Tess who seem to have a rough time understanding each other’s differences. However, after a harsh argument in a Chinese restaurant, they receive strange fortunes that causes an illusion of an earthquake. As a result of these fortunes, when they wake up the next morning, it appears that Anna and Tess have switched bodies. Unable to switch back, they are forced to act as one another until they can accomplish what their fortune read which leads them to better understand each other’s lives. Overall, Freaky Friday focused on parenting styles, types of families and socialization through the process of Anna and Tess trying to comprehend one another.
In my society where the political economy is capitalism, there will be a wide variety of incomes. Some citizens will have more smarts, other...
Some people are likely to generalize about the causes of drug related crimes and say that they are simply related to people who do not do any good for our society. However, in certain instances drugs can be used as a source of income for people and they commit crimes in order to facilitate that goal (Nurco, 1998). These people have no way out of their drug lives and therefore may not necessarily choose this life style but are brought up into it.
Hamdi Yeşilyurt in her analysis breaks it down into 4 parts; definition, background, social networking and drug trafficking. Social Capital and Business in Drug Trafficking Organizations, and Benefit-Rich Networks and Business Like Structures of Drug Trafficking Organizations. Hamdi provides fascinating eye opening facts about the business that could very easily be happening under our noses. Organised crime, drug production, and cartels are all around use blending in and we are all blind to it. To finalize, drug trafficking groups are all a business requiring supply and demand to keep its business going.
Some people generate an adequate living working for others, some do quite well, while many people don’t do well. It is estimated that less than 16% of Canadians have more than $100,000 in their retirement funds while 38% have less than $10,000. Using money to make money is more likely to generate success. Using assets to generate wealth is likely to generate financial success. This is the principle in whihc my group is is based upon.
In spite of the privileged getting anything money can buy, an underprivileged person gets the important things money cant buy. Many people have heard the expression “if you give a man a fish you can feed them a day, if you teach a man to fish you can feed them a lifetime.” Well I believe privileged people are given fish and the underprivileged taught to fish.
First, drugs is a personal issue to me. For most of my life, I have been living in places where drugs have surrounded me. For the past ten years, I have been living in the Duncan Projects in Jersey City, where the temptation of selling, buying, or even using drugs seems to be growing every day. Every day I see older people and even young kids engaging in the act of buying, selling, and using drugs. I ask myself why do people get involved in drugs; is it because of a financial need? Sometimes people believe that having a lot of money makes them a success, but they are wrong. People also be...
“The poor and the middle class work for money. The rich have money work for them.”