This is taken from Dr. Peterson's recent interview with Dr. Robert P. Murphy. I do not own this content and my only aim is to spread the word.
The full interview is here: • Is Property Theft? | Dr Robert Murphy | EP...
I recommend you read F.A. Hayek and L. von Mises's seminal articles on this topic, namely:
"The Use of Knowledge in Society", by Hayek: https://www.econlib.org/library/Essay...
"Economic Calculation in the Socialist Commonwealth", by Mises: https://mises.org/library/economic-ca...