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Dealing and entrepreneurship

Posted Oct 30 2008 3:30pm

A strength to be harnessed from life in the drug culture?
Fairlie was interested in entrepreneurship in the black market and how it relates to legitimate entrepreneurship. So he looked at data regarding drug dealers, and he found that they were 10 to 11 percent more likely to become self-employed in legitimate businesses than people who weren't drug dealers.
He goes on to make an argument about legalization:
So I'll go ahead and ask what Shane seems to be hinting at: Does drug prohibition change the incentives such that potential entrepreneurs pursue lives of crime rather than legitimate businesses?

On one hand, those who call for the legalization or decriminalization of drugs have long argued that the drug war directly fuels the crime around the drug trade that it seeks to fight by creating a massive black market. The high profits in this black market attract people who might otherwise become legitimate entrepreneurs to deal drugs.
In the chapter, Why do Drug Dealers Live with Their Mothers?, didn't Freakonomics assert that average drug dealer makes very little money and could make more at McDonalds?

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