What are the drivers of societal disintegration? Complexity scientist and quantitative historian Peter Turchin believes he has found the answer with his powerful model known as elite overproduction. When opportunities and resources become scare, conditions of elite overproduction may arise as people strive for social mobility. For several decades, universities have been minting more and more graduates—these graduates aspire for a better life and to improve or at least maintain their socioeconomic standing. If society produces too many graduates—too many elite aspirants—but it doesn’t have enough free spots or opportunities to absorb them, society becomes unstable and prone to disintegration. In the modern West, and America in particular, we are already rapidly approaching a crisis point. Go to university, take on massive debt, and guarantee yourself a better life, they said, but past performance is no guarantee of future results. In this video, we’ll explore Turchin’s model of elite overproduction and also place it into the modern context.
#debtcrisis, #studentloans, #economics #, #wealthinequality, #US, #societalcollapse, #AI, #history, #futurism
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