Looking at the FDR years it came to the elites almost losing everything for them to finally dole out a few crumbs. We are in uncharted territory though. If AGI comes to fruition assuming it does not run the numbers and just emigrate to China it will lead to a world where most people are not needed for GDP growth anymore. How is that society going to self-correct itself?
The German social safety net was introduced by Bismarck, a conservative.
You know why he did it? Credible threat of violent revolution.
That's what it takes.