Carolina Quotes[T]here are some reasons to doubt that growing inequality might be a direct mechanism... of instability, because humans are very bad at perceiving inequality. ...[A] number of studies ...show that people, when... asked to estimate the degree of income or wealth inequality... their opinions essentially have nothing to do with what is actually... measured by economists.
Peter Turchin Connected to the Carolinas
Source
1:34
- work
- Human environment across time (2023)
- year
- 2023
Cite this record
“[T]here are some reasons to doubt that growing inequality mi…” Peter Turchin. Carolina Quotes, record CQ-7CA8D90654. https://carolinaquotes.com/quote/7ca8d90654
More from Peter Turchin
Many of the wealth holders... aim to translate their economic power into political power... [A]nother measure is the cost of winning ...has been growing also, showing a greater demand for these positions and greater willingness to spend money...
[W]e should not expand our system of higher education... An excess of young people with advanced degrees has been one of the chief causes of instability...
[T]he... forecast: “The next decade is likely to be a period of growing instability in the United States and western Europe” ...was not simply a projection of the current trend in social instability into the future. ...[T]he basis for this forecast was a quantitative model that took as inputs the major SD drivers for instability (immiseration, intraelite competition, and state (in)capacity) and translated them into the Political Stress Indicator (PSI)... strongly correlated with socio-political instability. The rising curve of the... PSI... suggests a growing future socio-political instability.