The Sovereign Individual: Mastering the Transition to the Information Age
James Dale Davidson, Lord William Rees-Mogg
amazon.com
The Sovereign Individual: Mastering the Transition to the Information Age
James Dale Davidson, Lord William Rees-Mogg
amazon.comCultures are not matters of taste but systems of adaptation to specific circumstances that may prove irrelevant or even counterproductive in other settings. Humans live in a wide variety of habitats. The wide number of potential niches in which we live require variations in behavior that are too complex to be informed by instinct. Therefore, behavi
... See moreUnlike more modern forms of economic organization, in which individuals tend to deal with many buyers and sellers in an open market, the households of the closed village joined together to operate like an informal corporation, or a large family, not in an open marketplace but in a closed system where all the economic transactions of the village ten
... See moreCyberspace is the ultimate offshore jurisdiction. An economy with no taxes. Bermuda in the sky with diamonds. When this greatest tax haven of them all is fully open for business, all funds will essentially be offshore funds at the discretion of their owner. This will have cascading consequences. The state has grown used to treating its taxpayers as
... See moreThe more creative participants in the new economy are geographically distributed. Therefore, they are unlikely to form a sufficient concentration to gain the attention of legislators, the way that salmon fishers in Scotland or wheat farmers in Saskatchewan do.
The brightest, most successful and ambitious of these will emerge as truly Sovereign Individuals. At first, only a handful will achieve full financial sovereignty. But this does not negate the advantages of financial independence. The fact that not everyone attains an equally vast fortune does not mean that it is futile or meaningless to become ric
... See moreThe “Dark Ages” were so named for a reason. Literacy became so rare that anyone who possessed the ability to read and write could expect immunity from prosecution for almost any crime, including murder. Artistic, scientific, and engineering skills that had been highly developed in Roman times disappeared. From road building to the grafting of vines
... See moreGovernments will violate human rights, censor the free flow of information, sabotage useful technologies, and worse.
people at all times and places tend to respond to incentives. Not always as mechanically as economists imagine, but they do respond. Costs and rewards matter. Changes in external conditions that raise the rewards or lower the costs of certain behavior will lead to more of that behavior, other things being-equal.
we expect nationalism to be a major rallying theme of persons with low skills nostalgic for compulsion as the welfare state collapses in the Western democracies. You haven’t seen anything yet.
2021 calling. You got this right.