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The Alternate Theories of the Repeating Oscillations
There are several alternative explanations that explain why we have this repeating oscillations. The Malthusian model suggests that as population increases to the point when it starts pressing on its resources, popular immiseration increases. But a new theory assigns more importance to what happens to the other two components of the social system: the elites and the state. It says there is a problem called elite of reproduction - too many elites fighting for the diminishing slice of the same pie. And then vice versa.