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2165: Revolutionary Insights: How Overproduction of Elites Fuels Unrest with Peter Turchin Part 2
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Jason gives an overview of the current state of various real estate markets, highlighting a slight sellers' advantage with the national median price at $453,000. He underscored the diversified nature of real estate as an asset class and invited attendees to join the upcoming free monthly Zoom meeting with Tom Wheelwright. Additionally, he thanked those who participated in the previous night's empowered investor pro meeting.
Then Jason finishes up his talk with Peter Turchin. When too many people compete for limited positions, it leads to widespread crisis, a trend observed in over 200 historical instances. This "illiterate production" causes societal instability as rule-breaking becomes rampant, leading to violence. Popular immigration and overproduction of elite aspirants further exacerbate the issue by creating a large pool of discontented individuals. Economic disparity and precarious living conditions fuel social unrest, potentially leading to civil wars or revolutions. To avoid such outcomes, societies must align wage growth with productivity and reduce wealth concentration. Learning from history, addressing structural problems can prevent collapse and promote societal well-being.
#PeterTurchin #Cliodynamics #ComplexityScience #SocialDisintegration #EliteOverproduction #HistoricalTrends #PoliticalInstability #MathematicalModeling #CulturalEvolution #WealthInequality
Key Takeaways:
Jason's editorial
1:55 Rising national housing inventory
3:15 Hunstsville, Birmingham AL, Jacksonville FL, Memphis TN housing inventory
4:05 I.I.D.D
4:31 JasonHartman.com/Wednesday
Peter Turchin's interview part 2
6:33 Precarity, elites and counter elites and the overproduction of lawyers
10:49 Where do we go from here
14:59 We need a strong middle class society
18:39 Demographics and automation, Ai, robotics, etc.
23:43 Developing the science of societies
25:28 Blog post: Mastering the Art of Selling Lots and Land The Complete Starter on the Topic
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