What is "socialism"? - An attempt to clear up myths/misconceptions

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Aeolus451 said:

Locknuts said:

That's awesome. Around 47:00 where Peterson asks 'Would you rather be poor and 18 or rich and 80?' and goes on to explain that a large part of income inequality is that old people have had more time to make money than young people. Even though being old and wealthy is actually less desirable. He's a brilliant guy.

He definitely is. I love his explanations and that he's outspoken in spite of social pressure. He knocked that one interview/debate with that feminist anchor out of the park.

Peterson's argument is bizarre, and he just sort of misses the point. The main problem with inequality is wealth is increasingly concentrated into a smaller group of people (0.01-0.5%), while this is also happening, productivity is increasing but wages are remaining stagnant