Look at a more traditional society in which the elites are... landed nobility. ...[T]he way the wealth pump operates there is that when elite overpro… - Peter Turchin

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Look at a more traditional society in which the elites are... landed nobility. ...[T]he way the wealth pump operates there is that when elite overproduction occurs... Nobles basically oppress peasants and turn on the wealth pump. So instead of economic mechanisms that transfer wealth from commoners to the Elites, in this case you have more coercion methods. ...So this is a variation on the theme ...

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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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Let me go back to 2010 when Nature, the journal... asked a number of scientists to make some forecasts for the next decade... (2010-2020) and that's when I published the forecast that.., the growing political instability may be a contributor in the coming decade. ...10 years later ...together with my coauthor, , we have revisited this forecast to see whether it had anything to do with reality, and... this is one of the graphs... We looked at several measures of instability, one was anti-government demonstrations. A very similar picture shows up when you look at violent riots. And so we submitted this paper in early 2020 saying that this forecast was actually right... [A]s the paper was [under] review, the summer of 2020, the riots following the death of George Floyd have exploded and... in January of 2021 we had the shocking event... known as the Storming of the Capitol.

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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.

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