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Many of the historical "Golden Ages" were... golden... only for the elites, whose high levels of consumption were based on low real wages and falling… - Peter Turchin
" "Many of the historical "Golden Ages" were... golden... only for the elites, whose high levels of consumption were based on low real wages and falling consumption levels of the great majority...
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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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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?
To conclude, the structural causes of Ages of Discord... I have shown the example using the United States, but... they are quite generic. ...[T]hey show up... in more than 100... past crises. ...[W]e are now in the United States ...clearly in crisis. ...We are at the cusp. ...In fact, collective actions can result in positive... or negative outcomes. What will happen we will see.
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