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 ...
Peter Turchin Connected to the Carolinas
Source
41:37
- work
- Human environment across time (2023)
- year
- 2023
Cite this record
“Look at a more traditional society in which the elites are..…” Peter Turchin. Carolina Quotes, record CQ-1EE786D86E. https://carolinaquotes.com/quote/1ee786d86e
More from Peter Turchin
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?
We are also entering a dip in the so-called Kondratiev wave... This could mean that future recessions will be severe.
[T]he "crude" Malthusian explanation, which connects popular immiseration to social breakdown, fails to account both for the start and end of the "Time of Troubles."