His conclusions are also pretty interesting. I would add that this situation is very likely to be Game-Theory stable as well - meaning that the only (likely temporary) way out is an external shock, or internal revolt.What you have under a representative, egalitarian, winner take all, democracy is a shifting coalition of about 51% of voters aligned to threaten about 49%.If you’re getting more than 51% of the vote (which is certainly possible) that just means you’re leaving rents on the table. You could take more, and/or give less, and still win the election.Additionally, maximum rent extraction occurs if your coalition comprises the cheapest 51% of voters, in other words, the most useless and parasitic.
Implications for the Trumpening are left unexplored.
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