“History does not repeat itself, but it rhymes” Around the turn of the 19th Century: the French Revolution and the American Revolution, together with the Industrial Revolutions killed off the ancien régimes with their aristocrats and divine right of kings.
The land-owning aristocrats lost their power and sometimes their heads.
Just after the turn of the 20th Century: World War I, together with the Bolshevik Revolution and the Scientific Revolution killed off a century of stable interest rates that had allowed the wealthy to live a life of leisure.
The capital-owning wealthy had most of their wealth wiped out.
Just after the turn of the 21st Century: resurgent religious fundamentalism and right-wing nationalism, together with the Internet revolution may be about to kill off a world in which multinational corporations and a technocratic elite thrived among increasing inequality.
What will happen to the technocratic elite?