11-12-2016, 05:10 PM
Warren: Reduction in elite number (e) does not necessarily imply physical removal of elites such as happened win the Norman Invasion and Wars of the Roses. It could also happen by the confiscation of wealth such that which happened with Emancipation or the heavy taxation and inflation associated with the World Wars, and the post-WW II period.
It could also happen by dilution. The 1066 crisis was also one for the Normans, which was solved by conquering England, eliminating the Saxons and spreading out over both Normandy and England/ The numbers of Norman elites did not fall, but e (elite/population) did because they were now "diluted" into a big area. The same thing happened with the Revolution, the British had prevented westward expansion. After the war Americans did to the Indians what the Normans did to the Saxons.
The glorious revolution 4T is another example of dilution. In the latter part of the 17th century real per capita GDP began to rise after having been flat for centuries. This reflected the development of new economic sectors into which excess elites could spread diluting them into a larger economy. This mechanism is no longer available in an industrial capitalist economy because the development of new economic sectors is usually done by entrepreneurs coming from non-elite or lesser elites, who then are promoted to elites. Elites are created along with the larger economy resulting in no dilution.
It could also happen by dilution. The 1066 crisis was also one for the Normans, which was solved by conquering England, eliminating the Saxons and spreading out over both Normandy and England/ The numbers of Norman elites did not fall, but e (elite/population) did because they were now "diluted" into a big area. The same thing happened with the Revolution, the British had prevented westward expansion. After the war Americans did to the Indians what the Normans did to the Saxons.
The glorious revolution 4T is another example of dilution. In the latter part of the 17th century real per capita GDP began to rise after having been flat for centuries. This reflected the development of new economic sectors into which excess elites could spread diluting them into a larger economy. This mechanism is no longer available in an industrial capitalist economy because the development of new economic sectors is usually done by entrepreneurs coming from non-elite or lesser elites, who then are promoted to elites. Elites are created along with the larger economy resulting in no dilution.