GDP per capita shows no break in the 1970s. It slowed down... around the financial crisis of 2007–2008...
Peter Turchin Connected to the Carolinas
Source
10:22
- work
- Human environment across time (2023)
- year
- 2023
Cite this record
“GDP per capita shows no break in the 1970s. It slowed down..…” Peter Turchin. Carolina Quotes, record CQ-2740E9BA4D. https://carolinaquotes.com/quote/2740e9ba4d
More from Peter Turchin
So far so good. But the problem is, as in many dynamical systems, there are some delayed effects of such dynamics. ...Here are some numbers on the relative distribution of wealth in the American population. You have good data from 1983 to 2019... when we look at the percentage of households with [inflation adjusted in 1995 US dollars] net worth exceeding... Millionaires, roughly 10% of the population (7% now) increased from 3% to 7% but then growth in... classes such as decamillionaires was even more remarkable... more than fivefold, sixfold increase in the proportion of households that have 10 million dollars wealth, or more.
SDT can be... an explicit computational model capable of forecasting future... social unrest and political violence in specific social systems.
[E]ssentially in any society, however the elites are defined, whether economic, administrative, military, or ideological, they need to support a certain level of income, and so when their numbers grow, inevitably they have to extract that income from the commoners.