Comment by dlcarrier
6 hours ago
What you're talking about is often called elite overproduction: 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...
You haven't explain how elite overproduction relates to what we've been talking about, namely, the shift from a hereditary or class-based elite to a meritocratic elite.