The Sovereign Individual
 The Sovereign Individual    | |
|---|---|
 | |
| Type | Book |
| Author(s) | • William Rees-Mogg • James Dale Davidson |
The Sovereign Individual: Mastering the Transition to the Information Age is a 1997 non-fiction book by William Rees-Mogg and James Dale Davidson. Later republished on 26 August 1999 by Touchstone, it forecasts the development of the twenty-first century; focusing on the rise of the internet & cyberspace, digital currency & digital economy, self-ownership and decentralisation from the State.
"The Sovereign Individual" has been recommended by members of the cryptocurrency community such as Naval Ravikant and Brian Armstrong. In 2020, "The Sovereign Individual" was reprinted with a preface written by PayPal co-founder Peter Thiel.
On 22 December 2021, Bitcoin Magazine ran an opinion piece by Bob Simons calling the book's thesis a "prophecy".
Here is one particularly telling description of the new cybereconomy foreseen by Davidson and Rees-Mogg:
Not only will transactions occur over the [Inter]Net, but they will migrate outside the jurisdiction of nation-states. . . . Payment will be rendered in cybercurrency. Profits will be booked in cyberbanks. Investments will be made in cyberbrokerages. . . . Low-orbit satellites and other approaches to wireless technology will transmit feeds back and forth directly to a beeper in your pocket, a portable computer, or a workstation, without interfacing with a local telephone operating or TV cable system at all. In short, the Internet will be unwired. . . . Your PC will be the branch office of your bank and global money brokerage, as well as the equivalent of the Paris kiosk where you buy your anonymous phone card.
One of the best sections of "The Sovereign Individual" describes how the new cybereconomy will make it more difficult for government central banks to inflate and play funny-money games with monetary policy. What Davidson and Rees-Mogg’s book describes is a cyberlibertarianism.[1]
Related Document
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:How to profit from an engineered economic decline and crisis | Article | 28 September 2022 | Robert Bryson | How do you profit from an engineered economic decline and crisis? Simple really – acquire and give inside information to the hedge funders, who fund your leadership campaign! |
References
- ↑ "The Sovereign Individual (How to Survive and Thrive During the Collapse of the Welfare State)" by James Dale Davidson and Lord William Rees-Mogg
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