[I]nequality is an excellent proxy for the actual mechanisms that drive instability, but the actual drivers... are several, of which I will focus on … - Peter Turchin
" "[I]nequality is an excellent proxy for the actual mechanisms that drive instability, but the actual drivers... are several, of which I will focus on two: popular immiseration and . ...[A]t a deep structural level the force that drives those and ultimately instability, is what I would refer to as the "wealth pump."
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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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Additional quotes by Peter Turchin
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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