Thanks very much for this detailed and rigorous comment. I have already read part of that book (along with the book review), but haven't finished it yet. I fin

Thanks very much for this detailed and rigorous comment. I have already read part of that book (along with the book review), but haven't finished it yet. I find that model highly plausible, and think it offers useful insights into what is happening today (even though there is a major difference between the agricultural societies which provide all of his cases, and the modern situation). I will address the overproduction of elites theme in the chapter on selecting and training a new elite. My central innovation is to try to create an alternative to top-down elite selection and training. Essentially, requiring an aspiring elite member to work with others in small groups at a young age, after which their performance would be peer assessed -- which determines whether they could enter the elite. I hope that this could dissolve the tendency of hierarchies to select people who look/think/talk just like themselves, and thus create an elite more reflective of the diversity in society. This component of the elite would be numerically limited (1 per 100, or 1 per 200). I address the issue of inequality in other chapters. One idea follows from the above: if the groups above choose to spend their time together to form companies, then some of the shares should go into a Public Equity Fund, in which each citizen would have an account (a fair exchange in return for facilitating the activities of the group). This would mean that everyone would benefit from the formation of new companies. More details on all this in the coming weeks.