What you're talking about is often called elite overproduction: https://www.noahpinion.blog/p/the-elite-overproduction-hypothesis-994 https://www.noahpinion.blo

What you're talking about is often called elite overproduction: https://www.noahpinion.blog/p/the-elite-overproduction-hypothesis-994 https://www.noahpinion.blog/p/the-elite-overproduction-hypot... There's a rather technical but not too dry book about how elite overproduction tends to cycle, with comparisons of past cycles: https://press.princeton.edu/books/hardcover/9780691232607/we-have-never-been-woke https://press.princeton.edu/books/hardcover/9780691232607/we...