11-12-2016, 09:56 PM
I may need to provide a fuller response later. That said, and with the caveat that I haven't gone through his actual equations yet, I don't necessarily buy Turchin style evaluations of the elites.
That kind of formulation just begs the question of why too many elites cause a problem. In my opinion, the answer is almost certainly that the problem is caused when the concentration of wealth and power gets to the point where oligopolies undermine market efficiency.
That kind of formulation just begs the question of why too many elites cause a problem. In my opinion, the answer is almost certainly that the problem is caused when the concentration of wealth and power gets to the point where oligopolies undermine market efficiency.