Contempt for Capitalism

Contempt for Capitalism

While I am aware that many of the NOL writers do not agree with Jordan Peterson, I think he is correct when he says that many of the contemporary problems faced by society are the product of prosperity. The essence of his argument is that in an evolutionary sense mankind has two sets of priorities: 1) necessities of life and 2) social standing attached to life meaning. For the first time in history, we are living at a point where the necessities of physically staying alive, e.g. housing, food, medical care, etc. are obtainable and now people are free to fixate on the second set of priorities. The point where I personally diverge from Peterson and those of a traditional “conservative” inclination is that I do not think it is incumbent upon broader society to provide a sense of meaning or status for others.

In an interview with Christina Hoff Sommers and Danielle Crittenden of AEI for their Femsplainers podcast, Peterson illustrated his argument with an anecdote from his childhood on the Canadian plains. He described how, despite college being free in Canada at the time, he was the only one from his high school class to go onto tertiary education. Some but not all of the cause, he said, was ignorance. He observed that much of the reasoning related to an inability to delay gratification. At the time, his hometown was an oil center and was flush with money from the boom of the 1980s. Consequently, going to work immediately and making a lot of money was more attractive for high school seniors than was attending university. For the next decade this strategy worked. But, as Peterson recounted, when he was in the final year of his PhD, two things happened: 1) the wells supporting the town ran dry and 2) the oil bubble burst.

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