FTA: Elite overproduction is a concept developed by Peter Turchin that describes the condition of a society that is producing too many potential elite members relative to its ability to absorb them into the power structure.[1][2][3] This, he hypothesizes, is a cause for social instability, as those left out of power feel aggrieved by their relatively low socioeconomic status.[1][2][3] ---
The nonviolent unwinding of elite overproduction apparently happened in the 50s and 60s with strong labor unions improving the financial well-being of laborers and high taxes on the very well-to-do recycling their excess wealth back into society. I look at the current shift towards trades as another form of reversing the access number of elites.
IMO, It's worth spending some time contemplating this concept and its potential application to society today.
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Side note: every time I say or hear the phrase elite overproduction, I think of Bertie Wooster and the Drones club. You're welcome.