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[T]he problem is... if the wealth pump is allowed to run long enough, eventually... the growing elite numbers and their consumption levels will overs… - Peter Turchin
" "[T]he problem is... if the wealth pump is allowed to run long enough, eventually... the growing elite numbers and their consumption levels will overshoot the productive base, which is what the workers are producing.
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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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P Turchin
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Peter Valentinovich 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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