tag:blogger.com,1999:blog-3758330678390419129.post1464883540744407282..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Jordon Peterson's Failure to Understand the Basic Economics of Income DistributionRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-87601606339624782932021-02-04T10:32:55.823-05:002021-02-04T10:32:55.823-05:00I have heard Peterson say in other lectures that t...I have heard Peterson say in other lectures that the wealth distribution isn't static with respect to individuals. For example, the richest 100 people in the world is a list that changes dramatically every 10 years or so. <br /><br />Second, when Peterson says that people stack up at zero, I believe he means literally zero. No income, no skills, no education, no assets. That condition createsSensibleCitizenhttps://www.blogger.com/profile/11695545343832081068noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72097267021396840322021-01-25T15:13:05.755-05:002021-01-25T15:13:05.755-05:00The best recent natural experiment on what happens...The best recent natural experiment on what happens when government regulations disappear happened in post-USSR Russia which by 91 was on the brink of widesoread hunger. Then the government fell apart and nobody was enforcing any eegulations. The outcome: tremendous economic growth with real (not nominal) wealth of population reaching level of poorer EU countries less than two decades later. And averroshttps://www.blogger.com/profile/15741658997038386075noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29896304968613742212021-01-25T13:11:22.078-05:002021-01-25T13:11:22.078-05:00They grew up in a basic form of communism in the f...They grew up in a basic form of communism in the family structure. Some never want to leave it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27149556797653923972021-01-25T02:25:01.099-05:002021-01-25T02:25:01.099-05:00I'd argue that the kids lean towards socialism...I'd argue that the kids lean towards socialism because they've spent their entire childhoods being told "get a college degree and then success will be magically handed to you." <br /><br />They graduate (sometimes with good grades), and many can't find jobs with their new unimpressive credential. Some of them find jobs, but entry-level jobs aren't often the instant Erichttps://www.blogger.com/profile/11511367878944127068noreply@blogger.com