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EP 190 Peter Turchin on Cliodynamics and End Times

The Jim Rutt Show

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The Wealth Pump and the Stability of Society

The number of wealthy decamellioners in the U.S. has increased tenfold over 40 years, says Julian Zelizer. Many who have such wealth turn their hand to the political arena, writes Zelizer. We train three times as many lawyers as there are positions for them, he adds. The more rich you are, the more likely it is that you'll be breaking rules, argues Zelizer. But not everybody will start breaking rules and so we still have a game of elite aspirant cheers.

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