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End Times: Elites, Counter-Elites, and the Path of Political Disintegration, by Peter Turchin

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Thus, the heart of the MPF model is the relative wage and the wealth pump that it powers. When the relative wage declines, it leads to both immiseration and elite overproduction. Both,
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End Times: Elites, Counter-Elites, and the Path of Political Disintegration
End Times: Elites, Counter-Elites, and the Path of Political Disintegration
by Peter Turchin
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