Why the Rich Get Richer and the Poor Get Poorer | Jordan B Peterson and Ben Shapiro
Video Overview & Insights
A Marxist complaint is that the rich keep getting richer and the poor keep getting poorer. This could be lain at the feet of capitalism in the same way that hierarchy itself could be lain at the feet of capitalism. Although capitalism produces hierarchical inequality just like every other system, it also produces and effectively distributes wealth.
Why do the rich keep getting richer, and what could be done about it? - I asked ChatGPT exactly that question, and here is what it said:
https://youtu.be/CLpfeN_ROQE?si=MDyxEv7L6kmoUyuE
Listen to the podcast version: https://www.jordanbpeterson.com/podcast/s2-e18-religious-belief-and-the-enlightenment-with-ben-shapiro/
Watch the full video: https://youtu.be/6LIR2zQ-jvQ
i just fking hate greedy people and i hate fking goverment that allow them to breath
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As of March 2023, Jordan Peterson's net worth is estimated to be roughly $8 Million. As of March 2023, Ben Shapiro's net worth is estimated to be $50 Million. Ok, this isn't a case of preaching to the choir.....
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Dear Mr Peterson, with all due respect, we don't live in a capitalist society. We now live in an era dominated by financial manipulation & speculation. Profits are made without any material work being done. Growth only exists in this realm at the moment, and it is de-coupled from the physical world which is non-exponential. Hence, the rich are getting richer without contributing anything. Additional money supply is created with more debt and speculation. Does anyone else smell a Ponzi cooking?
The 'Economy' is not efficient. If it were, there would not be any unaccounted externalities. A simple case to illustrate: A tree has no value until is has been cut down? This is obviously not true since it provides multiple services to the biosphere.
A second example: Measures of economic growth include the medical & pharmaceutical sectors (as much as 30%). But these sectors deal with sick & dying people. The more, the better. The economy should 'economize', not be a measure of Entropy.
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Ive always hated the argument of "your richer than the poor people of yesteryear" it comes off like gaslighting somone to accept their poverty as a good thing
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Marx talking about the how automation/mechanization increases production:
"The increase of the means of production and subsistence, accompanied by a relative diminution in the number of labourers, causes an increased demand for labour in making canals, docks, tunnels, bridges, and so on, works that can only bear fruit in the far future." -- The Capital volume 1, chapter 13
I.e. as production becomes more and more mechanized, jobs in production grow FEWER (fewer people working in PRODUCTION as opposed to SERVICES (cleaners, porters, waiters etc.) ), but the mass of the means of SUBSISTENCE (things to eat and use) ALSO increases.
So, there is no contradiction: the mass of stuff grows larger, that stuff grows cheaper and more affordable. But to be able to afford anything at all, the workers must have at least some pennies, and for that they need at least some jobs.
The trend however is not good: less and less people work in production, and more and more work in stupid Services to the rich. But automation grows, and gradually it takes over Services as well. People were pushed out of Production, they now work in Services, but soon automation will push them out of Services as well, and where will they go then? They won't be able to work neither in Production nor in Services and they will have no money to buy stuff. Or will the Capitalists minimize the prices of Subsistence to zero so that the unemployed don't starve to death? Highly doubtful.
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😁 1:45 wealth has always been produced by both capitalist and non-capitalist modes of production. "Wealth is distributed" as if the capitalists set themselves the goal of helping the people. Their goal is and has always been THE PROFIT, at the expense of the human life and of the life of the planet itself.
🤮 2:27 It's so trite when the bourgeois start speaking about how bad human nature is! "Our life can't change for the better, because we are so bad. So [obviously] stop resisting, it's not going to change for the better. Because we simply can't."
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What a clip, if you didn't get, watch it till you do.
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"The poor get richer". So this is why no one can effort a house or a family anymore.
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Absolute rubbish
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Why he won’t debate Richard Wolf? Because he is afraid...
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Is this from the guy who said he never even read Marx? Lmao making up the book report on the spot huh?
More User Perspectives
Capitalism will end as any system before it ended which is to say badly. Capitalism breeds monopolies which left unchecked leads to authoritarism. There's a path of destruction at the end of the road. It would have collapsed already multiple times without it being saved by taking from one group and giving to another. Capitalism is a fantasy.
@toddjoseph2412as we fight over scraps, bathrooms, skin color...lol...
@jackvai2681The rich have power but their ego's prevent anything from changing.
@jojomarley8907This guy is such a clueless blabbering self-loving right wing troll, masquerading as an intellectual. He's nothing but a Bill O'Reilly with pompous vocabulary.
@katelinmarie5360A little off point here, but I'd personally argue that his views on Marxism are quite arrogant. Not that he doesn't give a great argument, my problem is that he refuses to hear anyone out. Before you get all narrow-minded whilst reading this, I personally lean towards favour of capitalism, but I still like to hear other's perspectives. The examples of history's evil dictatorships aren't necessarily solely down to socialism, the same way the current corruption eg. racism, tax-dodging and bank gaining power through loans, propaganda.. isn't necessarily due to capitalism. The system is flawed, yes, but saying it's the fault of capitalism implies that this is what capitalism is meant to be, which I disagree with. My point is that Jordan Peterson, who I consider a wise man and have much respect for, seems to use examples of very greedy people and corrupt systems to describe what socialism and Marxism is supposed to be, which I consider inaccurate. However, I do agree that it is a dangerous idea because people in general have a bad habit of making generalisations and jumping to conclusions. He says himself, "The solutions that Marxism offers are error-ridden to say the least, given the historical evidence. I just don't see how anyone can deny that..." - maybe he should take the time to listen then, because you don't have to agree to understand. Perhaps, and I only understand capitalism and marxism on a basic level, there is potentially things we can learn from a range of perspectives, rather than arguing we are siding with the right tribe. Disclaimer: I'm still learning about this subject, open to being wrong and would like to hear other's perspectives on this, but don't just throw insults because that just prevents effective communication for both of us. I'm here to offer perspectives yet learn from others. Thanks for reading this.
@dancole2994Once an intelligent being gets past all the theorizing and gobbledegook, self relization that sentient beings (humans), may have a selfish gene because it had survival value in the past comes to fruition. Siddhartha Gautama postulated about 2600 years ago that sentient beings, once having this self realization (bodhicitta), can actively do something about it, (metta, karuna, mudita, upekkha).
@mael-strom9707It's interesting how he says "marxists" and "marxism" and what they say. "They" read these books by Karl Marx and they got to this conclusion and did those things. It's like saying the Pope read this book called the Bible and concluded, yes, let's free the promised land and if we butcher every man, woman, and child in the proces well that's God's will. Or the inquisition reading the Bible and concluding yes, lets burn women at the stake and anyone who oposes our teachings. Should we condemn the Bible and Jesus ? Or to say Hitler read Nietzsche and did what he did so we should condemn Nietzsche. Tell me, cite to me where Marx calls upon the deaths of milions or even sugjests such a thing ? This analysis in irational, and follows the "post hoc ergo propter hoc" fallacy.
@restart453What is Peterson doing lecturing on economics? The guy doesn't know crap. He should stick to telling us we can't see our hands when they are behind our heads, and we can't look at someone and see their molecular structure, and that trees are very real and cyclops is like a giant penis.
Let's punch in and see what lobster head has to say at 1:40: 'Capitalism produces inequality [of course he has to slip in one of his big fav words 'hierarchical' here, although it is completely unnecessary] it produces wealth and that wealth is being very effectively distributed to the people who most need it [we have a 350x income inequity gap in the US Jordan, you are calling that very effectively distributed?]. The solution is counter productive if not deadly. [What solution JP?] Our systems can be better than they are. [You mean via a solution that you call deadly? LMK when you start making any sense whatsoever.]
[And who are these Marxists JP is referring to? Didn't the guy die like 80 years ago? He is saying here that capitalism produces inequity and in other lectures claims that the Left are ignorant since they think that capitalism produces inequity, when actually it is something we inherited from lobsters. I swear the guys brain is so chaotic, why anyone pays him any attention whatsoever is just mind boggling. But I do appreciate JP telling me that if I hold my hands behind my head I can't see them and that I can't turn my eyes into electron microscopes. This is some super useful info JP. The most intelligent thing JP has ever said? Admitting himself that 95% of what he says is rubbish and is just to impress people. OK so the guy is a genius at speaking and making a living speaking with absolutely no useful content. I grant him that for sure.]
capitalism with social programs is the best system
@iamplay797God speed Dr Peterson..!
@jmoney6652Know that you're loved Dr. Peterson! The fight that you are in is a direct connection to the dragons you've slain.
Heads Up Lobster!! You can take it. You are stronger than you know.
If someone fell over in the street..which one would help the person and which one would try and sell them a bandage 🤕...?..
@adyday1656Jordon! You are my favourite person to listen to, thanks for all your work ✧◝(⁰▿⁰)◜✧
I just wanted to say, if you're still living on beef you can probably get away with a few gluten free carbs and vegetables as well, add things slowly & carefully & you might feel better for what you find can reintroduce. (I've done similar for different chronic diseases so I know it totally works, eventually it permanently reverse things) 👍
Well done to you & your family 👍
If you want to live like a king on a McDonald's salary. Then your an idiot .
@robertnewby4798If you want to move up in life go to the library and gets some fucking books about success and wealth building and investing and pull yourself up and stop being such a little cry baby bitch
@blackeneddarkangelAs I keep saying - Just because you make a million dollars selling a million loaves of bread, does not automatically make it morally right t do so...you have either sold your bread for too much, not paid your workers a fair wage or not paid fair prices down the chain....Marxist context of 'exploitation is just this'...https://www.youtube.com/watch?v=53YZSt7y2TE
@donnetube73here's a kurzgesagt video related to this https://www.youtube.com/watch?v=rvskMHn0sqQ
@paragjyotideka1246What about hatred pointed on uneducated and primitive people who are destroying our countries, not just on the rich or better standing people?.
@user-w8jhtre23This title is incorrect. It should be changed to "As the Rich Get Richer, the Poor Get Richer."
@chesshooligan1282All you have mentioned is correct, when you compare capitalism to Marxism, but why is everybody failing to see the dangers of neoliberalism, the most capitalist country in the world is china, and many 3rd world countries are trying to reproduce the Chinese experiment, do you know how terrifying that is?!, especially when you live in one. Your point of view is the result of the freedom and liberty given to you by the surrounding society, but it isn't like that everywhere, the overwhelming majority of Earth's population live under despotic rule, a strong hierarchical system that annihilate the existence of the other, so it isn't as clear as you describe it.
@MarioBisharaPeterson of course never has a solution to anything, but feels the need to spread his 'insight' anyway. Here is a redistribution of wealth plan. Find the economic flaw in it if you can, and the advantages. Federal guaranteed home ownership program for anyone with a three year work history at any job who can keep up with an affordable mortgage, funded by a 70% tax bracket above $500,000 per year including capital gains, to get the working poor out from under the thumb of wealthy landlords, stabilize their housing costs thus increasing their spending power and mental health. Find the flaw if you can.
@psychcowboy1Love Jordan, but he is wrong about socialism, like most people in this comment section.
@drongoriusWhat about the environment? The biosphere can not support capitalism long term. Infinite growth of a finite planet isn’t going to work.
@claybomb99STephen Blackwood posted an article in Thinkspot Titled "I think i'm a Marxist" Fun little expose but in the end alas the title eludes him .. but i made this comment and think it fits nicely here .. i hope i'm right ..
"if Government is the Rider and the horse are the people and an observer (Marx) see's the rider getting bucked off he not being a Rider himself or even a Horse but a man of fairly high intellect could entertain many reasons as to why the horse keeps trying to buck the Rider. But What would the observer know of the halter , or of the breaking and training of the horse. Or the Techniques the rider used? Were the hooves cleaned correctly were they shoe'd properly. Was the Rider accustomed to a A Quarter horse and now finds himself on a thoroughbred.
Marx could point out many things about the Rider of the horse. To stern, to mean, lacking the appropriate Technique.. When it could have been a passing Waggon or the cent of a wolf. To other non Riders or non horses Marx might seem remarkably insightful.. But closer examination by a trained eye would easily show the errors of his perceptions. Or even that of another horse, too would smell the wolf and know Marx 's error (England & american citizens)
Coming from a guy obsessed with monetizing his bullshit.
@playonwords55If you ask me to name the proudest distinction of Americans, I would choose -- because it contains all the distinctions of the others -- the fact that they were the people who created the phrase 'to make money'. No other language or nation had ever used these words before; men had always thought of wealth as a static quantity -- to be seized, begged, inherited, shared, looted or obtained as a favor. Americans were the first to understand that wealth has to be created. The words 'to make money' hold the essence of human morality.
~ Ayn Rand, Atlas Shrugged
Envy is the only name she could find for the monstrous thing she faced, but it was much worse than envy; it was the profound hatred of life, of success and of all human values, felt by a certain kind of mediocrity... the kind who feels pleasure on hearing about a stranger's misfortune. It was hatred of the good for being the good... hatred of ability, of beauty, of honesty, of earnestness, of achievement and, above all, of human joy.
~ Ayn Rand, Atlas Shrugged
I have no respect for the passion for equality, which seems to me merely idealizing envy.
~ Oliver Wendell Holmes, Jr.
Envy blinds men and makes it impossible for them to think clearly.
~ Malcolm X
Envy plus rhetoric equals 'social justice'.
~ Thomas Sowell
The vision of the left, full of envy and resentment, takes its worst toll on those at the bottom - whether black or white - who find in that paranoid vision an excuse for counterproductive and ultimately self-destructive attitudes and behavior.
~ Thomas Sowell
The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
~ Alexis de Tocqueville
Americans are so enamored of equality they would rather be equal in slavery than unequal in freedom.
~ Alexis de Tocqueville
The dearest ambition of a slave is not liberty, but to have a slave of his own.
~ Sir Richard Burton
[The average man] is not actually happy when free; he is uncomfortable, a bit alarmed, and intolerably lonely. Liberty is not a thing for the great masses of men. It is the exclusive possession of a small and disreputable minority, like knowledge, courage and honor. It takes a special sort of man to understand and enjoy liberty,... and he is usually an outlaw in democratic societies.
~ H.L. Mencken
Equality and diversity are not compatible.
@capitalistrevolution6711I like the idea of extreme capitalism inline with the law of the jungle, so just like loins clan, the cubs go out and fight for their own home etc rather than unremarkably inherent it.
This is the real issue. It’s not capitalism that’s the problem is weaklings, propped up by their parents and their parents wealth.
Inheritance upsets natural law where the most resilient would rise to the very top, instead of those that avoid vulnerability and adversity through there parent inheritance.
I like the idea of extreme capitalism inline with the law of the jungle, so just like loins clan, the cubs go out and fight for their own home etc rather than unremarkably inherent it.
This is the real issue. It’s not capitalism that’s the problem it’s weaklings, propped up by their parents and their parents wealth.
Inheritance upsets natural law where the most resilient rise instead of those that avoid vulnerability and adversity through there parent inheritance.
Because I put 100% of Grandma inheritance into Bitcoin @ $150 hehehe
@gaeldesmontagnesnoiresHuman systems would all be perfect were it not for the humans.
@MaskHysteriaThanks JB.
@christopherscobieJordans weak point is Economy.Much of economycal sucess is based on political interfirence of state.It is not problem that Elon Musk and Bill Gates make a lot of money but it is problem that many big bussnies make waste amount of money based on their closness with political elite and not their capabilities and by Jordans definition it is no more hierarchy based on competence.For everyone who wants to now how real global economy works i would reccomend this book:"Confessions of an Economic Hit Man".Sorry for mistake in writing,english not my first language.
@jovankojic2840Democracy is supposed to be an equal rights, equal opportunity system, yet in my 3rd world country I've seen people with university degrees working as janitors. I say we throw a little meritocracy in there since corruption is really the enemy here. And no, not all rich people deserve their wealth.
@freeman37It’s embarrassing that a man of this intellectual calibre has to waste his time having to explain why Marxism is wrong. It’s been 150 years, time to move on. Why won’t this ideology die already? The other one, F@sc!m, died in 1945, but this one keeps coming back with every new generation of morons.
@henriquedepaula3540Not in argentina, the only "Rich people" are the bankers or the politician. Almost 50% of the people are state employed
@danielmartin7547It's because of capitalism I believe.
@cheikhhmayadi6870