Pareto Distribution

Posted by bsmith51 3 weeks, 2 days ago to Economics
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Psychologist Jordan Peterson discusses creative activity and a "law" that says, in any creative system, the square root of the people will do half the creative work. This is why the rich tend to get richer and the poor stay poor. Peterson then discusses why this "unfairness" caused the Russian leadership to turn against successful farmers in the 1920s and later, causing millions to starve. Interesting 5-minute video.
SOURCE URL: https://www.youtube.com/watch?v=TcEWRykSgwE


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