Are we overproducing elites and instability?

Intro:

High levels of political violence and low levels of institutional support suggest we are in the midst of an age of discord. What can we learn from the cycles of history about political disintegration and recovery? Peter Turchin predicted the tumult. He points to our large class of aspiring elites competing for power without advancing the living standards of most Americans. The past suggests that our choices are either a mostly unchallenged elite who moderate how much of the economic pie they capture or a prolonged conflict over power among overproduced elites.