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Downstream: How To Predict the Future w/ Peter Turchin

Novara Media

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The Overproduction of Elites in the United States

In the United States, you really need to go back into the 1970s. The wealth pump got turned on again and we saw something very similar to what happened in the first half of the 19th century. So for example, I talk about the decimillionaires, these are the people who was with a fortune of 10 millions of war. Over 40 years, 40 years period of time, their numbers increased 10 fold. And so this is one of the two important aspects of elite overproduction,. Many of whom wanted to translate their wealth into political power against Trump but not only him.

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