https://jimmysong.substack.com/p/bitcoin-tech-talk-510
Bitcoin Tech Talk 510 Jul 20, 2026 4 1 Share Interesting Stuff Surplus Elites and Revolution - Edgar and Co. argues that when societies produce more credentialed people than available elite positions, the frustrated surplus destabilizes the existing order. The French Revolution was initiated by bourgeoisie lawyers like Robespierre and not by peasants. The most interesting historical precedent is Victorian Britain, who avoided revolution by channeling surplus elites into colonial emigration and industrial expansion. This is one of the subtle reasons for fiat money’s durability in that bureauc
Image:
Image:
Image:
Bitcoin Tech Talk 510 Jul 20, 2026 4 1 Share Interesting Stuff Surplus Elites and Revolution - Edgar and Co. argues that when societies produce more credentialed people than available elite positions, the frustrated surplus destabilizes the existing order. The French Revolution was initiated by bourgeoisie lawyers like Robespierre and not by peasants. The most interesting historical precedent is Victorian Britain, who avoided revolution by channeling surplus elites into colonial emigration and industrial expansion. This is one of the subtle reasons for fiat money’s durability in that bureauc
Image:
Image:
Image:
Views: 2
Categories: Bitcoin & Nostr [c123], General [c1]