[W]hen a state... has stagnating or declining ... a growing gap between the rich and poor, overproduction of young graduates with advanced degrees, d… - Peter Turchin

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[W]hen a state... has stagnating or declining ... a growing gap between the rich and poor, overproduction of young graduates with advanced degrees, declining public trust, and exploding public debt... Historically such developments have served as leading indicators of political instability. In the United States all of these... started to take an ominous turn in the 1970s. The data pointed to... around 2020... a spike in political instability. And here we are.

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About Peter Turchin

Peter Valentinovich Turchin (born 22 May 1957) is a Russian-American complexity scientist, specializing in an area of study he and his colleagues developed called —mathematical modeling and statistical analysis of the dynamics of historical societies. He is currently Editor-in-Chief at Cliodynamics: The Journal of Quantitative History and Cultural Evolution. As of 2020, he is a director of the .

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Alternative Names: P Turchin Peter Valentinovich Turchin

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What does the wealth pump do on the elite side..? Declining relative wages of workers set up this wealth pump that transfers wealth from workers to the economic elites... [A]s a result... a larger fraction of GDP goes to... the economic elites, which are both capital holders and top layers of administration of corporations (corporate officers). ...[T]his creates a favorable economic conjuncture for the economic elites and results in higher rates of upward social mobility. Elite numbers, as a result... grow and so does their consumption levels.

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