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

[Leadified]

Pyro as Bill said:

Leadified said:

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

There's nothing wrong with wages stagnating or falling as long as prices fall quicker. It's called getting richer.

They're not, so what now? What I find interesting about liberal ideology is they talk all about working hard but never want to fairly compensate workers for their work, why is this?