3 ms·
"Elite overproduction" deliberately muddles together "elite" with "people scraping together a living making trinkets on etsy" because "elite" carries quite a ne
by pydry 4y ago
"Elite overproduction" deliberately muddles together "elite" with "people scraping together a living making trinkets on etsy" because "elite" carries quite a negative connotation and the richer and more powerful the 1% get, the more they hate being singled out.
- jmeister 4y agoHave you read Turchin? He defines the term rigorously to refer to a particular social-economic class
- pydry 4y agoYes. https://archive.is/XWiGM https://archive.is/XWiGM Here he is bemoaning the glut of decidedly non elite law graduates under a title of "elite overproduction". If he rigorously defined billionaire to mean anybody earning over $100k it would hardly be more ridiculous.