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" "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.
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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[A]t a very deep and abstract level these forces, immiseration and elite overproduction... are playing out in very similar ways in very different societies. However, ...the theory has to be tailored to each society because ...the critical dimension is what's happening to the elites. Now different societies have ...a variety of ways in which the elites are defined and ...regenerated ...so even if you look at western democracies, you compare the United States, let's say to France, the United States is basically a plutocracy, the reigning elite is the economic elite in collaboration with the political elites. But France is a bureaucracy. In France the elites are created in different ways, and there are other examples, other societies. ...[I]n Egypt, for example, it's militocracy essentially. So those details are very important. ...[T]hat's why the general ideas, elite overproduction, they have to be filtered through the specific structures of different societies. ...[T]he Democratic societies have different ways that the power flows in them compared to autocratic societies... [I]f we take a step back from specific arrangements in which power flows, and... focus on more structural, more fundamental issues, then the theory works surprisingly well.
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