Oligarchy on the make- threat to democratic principles
David Brin writes in: Space Exploration, Methane Blurps and Podcast Rants
… See a thought provoking snippet from the Globalist: “In the 1980s and 1990s, workers from China, India and the former Soviet bloc contributed 1.47 billion new workers to the global labor pool — effectively doubling the size of the world’s now-connected workforce, bringing little capital with them. Even Marx knew that the capital/labor ratio is critical. The more capital each worker has, the higher their productivity and pay. A decline in the global capital/labor ratio shifts the balance of power as more workers compete for working with scarce capital.”
This ratio of scarcity explains some of the strong position of capital today and even (perhaps) the present hard push toward revived oligarchy, restoring the normal human governance model, recently displaced by the Enlightenment. That push may be all the more intense because new capital is forming at a furious rate, especially in Asia. Hence the ratio should correct itself within a couple of decades, especially as population levels off. The would-be restorers of that ancient pattern may feel they only have a little time….