Let's look at ... wages adjusted for inflation. ...In the late 1970s there was a definite phase transition. Up to that point, for the previous two ge… - Peter Turchin

My colleague has expressed a pessimistic view in his book The Great Leveler... where he says the death is the great leveler so... a major violent shock is needed to reverse the economic inequality. I... look at this a bit more optimistically. Essentially entering into the crisis is relatively stereotypical, that's what our CrisisDB investigations show... [I]t's really conflict that plays a key role, together with mass organization. But the exit is usually contingent, and in fact there could be both good and bad outcomes, as indicated in this graph. Sometimes the decline is mild and followed by rapid recovery, but you... can also have complete collapse.

...[A]s a result ...the new elites, let's call them the elite aspirants... their numbers... begin to be so large that there is not enough power positions in... politics or in economics [e.g., corporations]... That's fixed, and as the numbers of elite aspirants vying for these positions increase, then first... the result... is intraelite competition, and secondly... the numbers of frustrated elite aspirants who are denied access to these positions begins to explode.

The main question... Whether there is economic inequality, and social and political instability? Growing economic inequality, especially inequality in income and wealth, is currently a broadly shared concern. It has been a lot of the topics in the Davos meetings... and it is often adduced that growing inequality is a source of political discord. But is it? And if it's the case, how does it do it? What is the direct mechanism?