The SOVEREIGN INDIVIDUAL: MASTERING THE TRANSITION TO THE

The SOVEREIGN INDIVIDUAL: MASTERING THE TRANSITION TO THE

The SOVEREIGN INDIVIDUAL: MASTERING THE TRANSITION TO THE INFORMATION AGE ❰KINDLE❯ ✽ The SOVEREIGN INDIVIDUAL: MASTERING THE TRANSITION TO THE INFORMATION AGE Author James Dale Davidson – Larringtonlifecoaching.co.uk Two renowned investment advisors and authors of the bestseller The Great Reckoning bring to light both currents of disaster and the potential for prosperity and renewal in the face of radical changes Two renowned investment advisors and INDIVIDUAL: MASTERING PDF Î authors of the bestseller The Great Reckoning bring to light both currents of disaster and the potential for prosperity and renewal in the face of The SOVEREIGN PDF/EPUB or radical changes in human history as we move into the next century The Sovereign Individual details strategies necessary for adapting financially to the next phase of Western civilization Few observers of SOVEREIGN INDIVIDUAL: MASTERING PDF/EPUB Ã the late twentieth century have their fingers so presciently on the pulse of the global political and economic realignment ushering in the new millennium as do James Dale Davidson and Lord SOVEREIGN INDIVIDUAL: MASTERING THE TRANSITION Epub / William Rees Mogg Their bold prediction of disaster on Wall Street in Blood in the Streets was borne out by Black Tuesday In their ensuing bestseller The Great Reckoning published just weeks before the coup attempt against Gorbachev they analyzed the pending collapse of the Soviet Union and foretold the civil war in Yugoslavia and other events that have proved to be among the most searing developments of the past few years In The Sovereign Individual Davidson and Rees Mogg explore the greatest economic and political transition in centuries—the shift from an industrial SOVEREIGN INDIVIDUAL: MASTERING THE TRANSITION Epub / to an information based society This transition which they have termed the fourth stage of human society will liberate individuals as never before irrevocably altering the power of government This outstanding book will replace false hopes and fictions with new understanding and clarified values.


10 thoughts on “The SOVEREIGN INDIVIDUAL: MASTERING THE TRANSITION TO THE INFORMATION AGE

  1. Gaurav Mathur Gaurav Mathur says:

    Implementation details of Atlas ShruggedMight have given it stars but my expectations were too high after this book getting stellar recommendations from people whose opinions I valueSo basicallyLot of parallels between Church and Nation States Like the Church fell in 1500s the Nation State is falling now Printing press killed the church Internet is killing the nation states Church was first ideal and then corrupt Politics was once ideal now corrupt Chivalry died 500 years ago Citizenship is dying nowDemocracy is like Communism Only smarter Gets output from you dear productive individual by giving you freedom and then taxes the hell out of it Democracy has worked since 1789 But now its time has comeThe rich and the productive are taxed and their spoils are taken away to be redistributed to the low skilled classes But now with cryptocurrencies which cannot be taxed and demonitised your money will be safe from governmentsNation states have had a monopoly on violence because gunpowder changed the logic of violence Now not so muchThe new elite Sovereign Individuals will become powerful they will have their own sovereignties These will be the top 1% and 1% of 1% Those who don't have their own sovereignties will shop among jurisdictions Countries will be like companies they will have to offer attractive policies to customers else they will just moveAnd since the authors are investment consultants this book is 20 yr old one of the authors is no they will help you in setting up investments in tax havensThere are many criticisms of this book the most strong being that it is not self critical For any hypothesis disciplined thinking reuires outlining with clarity how and when it can fail But of course the authors did not cover those because they need to sell somethingMany of its concrete predictions have not come to pass Some general ones are common understanding now though but may not have been in 1990s There is also the assumption that cultural change is super easy The Globe trotting elite can just adjust anywhere Though it seems true in the last chapter they do hint at the problems such life involves mainly a sense of meaninglessness The authors nail the main religion of these elite 'agnostic humanism' But they assert that every stable society needs a strong religion They don't really solve the problem of what the new religion will beThat said the overall historical arc is mostly true and some of the prophecies will come to pass I just think that it could be shortermuch better I will have another look at this and maybe update this review


  2. Nicholas Moryl Nicholas Moryl says:

    I really don't know how to review this book It's like Kevin Kelly meets David Duke It's at times insightful and horrifying it vacillates between fascinating foresight into technology's impact on societies some of which is playing out and naked racism The authors clearly have an axe to grind they think poor people deserve to be poor that despite mountains of evidence to the contrary minorities of all stripes have eual opportunities as those available to straight white males to succeed and that if it weren't for these damned kleptocratic democratic governments the John Galts amongst us would ascend to the realm of Sovereign Individuals ie people who rise above nations to be sovereign entities unto themselves facilitated by technology naturally like some kind of Randian wet dreamNow the idea of technology empowering people to become incredibly creative successful productive etc makes total sense Computers essentially give people superpowers and you can see the returns on a massive scale in the rise of companies like Facebook and WhatsApp where the work of just a few people creates billions of dollars of value And those superpowers can be used for evil too the Gamergate doxxing hydra that morphed into 4chan's Trump troll armyBut the authors' attitude about what this means for everyone else boils down to fuck them I got mine It's like taking Gordon Gekko's greed is good maxim and exposing it to nuclear radiation ala Spiderman or the Incredible Hulk until it becomes this glowing orb of pure selfishness that powers the universe It's the river of evil flowing beneath Manhattan in Ghostbusters II and they bathe in it they use it to wash their clothes they baptize their flock in it and that's where their drinking water comes from Callous doesn't even begin to describe their worldviewHow many people choose the family they're born into and the circumstances they grow up in? Do you really think anyone would actually choose to be born into an abusive household or to drug addicted parents or in a war zone they'll have to flee? The authors are totally incapable of imagining a world in which they were not born with the opportunities they had or one in which luck hadn't gone their way Even with bountiful opportunities chance still has an effect Either that or they deny the empirically real barriers that stand in the way of non straight white males trying to succeed Ask MLK Jr about how that went Or better yet Michelle Alexander No you can't blame everything on circumstances but you can also admit that they have a material affect on outcomesAddressing the actual points the book makes about technology empowering individuals I think the argument has merit but the breakdown of nation states will depend on the arms race between individualcorporate technology and the rule of law The rule of law andor nations how law is currently administered is technology and it can adapt and be adapted It facilitates economic growth by amongst other things setting the ground rules for how people companies etc interact It's well worth considering what happens ifwhen that balance is out of whack but companies and sovereign individuals may be invested in maintaining that balance because it's a tide that raises all boats It's far from a slam dunk But if you work in technology it's well worth considering the argument and applying that lens to what you see going on around you


  3. Andrew Andrew says:

    Prescient AF Predicts everything from Bitcoin to Trump


  4. Chester Chester says:

    KEY TAKEAWAYSACTIONABLES Positioning Healthcare vs Technology; Skills Connections Career These is no job just tasksskills you complete If you can teach yourself how to SOLVE PROBLEMS you are ahead of the game SocialPolitical PERSONALIZED Democratized power Psychological Losing Ikigai prioritize your CREATIVE OUTLET Political Set up mat in multiple countriesACTIONABLE Hone in on two skillsets in depth Capitalize on becoming the best The Top 1% will take 99% of customersThe Transition of the Year 2000 The Fourth Stage of Human Society1 Hunting and gathering societies2 Agricultural societies3 Industrial societies4 Informational societies In the information age a job will be a task that you do not a thing that you have As money moves online governments won’t be able to track or control it any They’ll lose their power over commerce and won’t be able to treat their citizens as a farmer milking cows The greatest resentment will likely be centered among the middle class in rich countries they will feel they have the most to lose Anyone receiving handouts from the government will resent the sovereign individuals who don’t support them With technology increasing we’ll move closer and closer to Neal Stephenson’s Metaverse in Snow Crash where we live as much online as offline and conduct ourselves according to the online laws and customs working in the cybereconomyMegapolitical Transformations in Historic Perspective You can’t rely on conventional information sources to give you an objective warning about how the world is changing and why You have to FIGURE IT OUT YOURSELF There are four key pieces to understanding megapolitcal changes1 LAND Topography the control and makeup of the land2 POWER Climate it’s change can precipitate major shifts in power The 17th century was frought with social revolution3 HEALTHCARE Microbes and disease can cause radical changes in power4 TECHNOLOGICAL Technology plays the biggest and most impactful role in the new megapolitical changes thoughEast of Eden The Agricultural Revolution and the Sophistication of Violence In the hunting gathering days there was no reason to work than the 10 15 hours a week you needed to do to secure food Overkill was punished because the food would rot before it could be eaten and decrease food available to you in the environment in the futureThe Last Days of Politics Parallels Between the Decline of the Church and Nation State Church vs Science compared to Government vs ScienceThe Life and Death of the Nation State The information age will reuire new mechanisms of representation and government to avoid chronic dysfunction and even social collapse The past systems will break down as technology advancesMegapolitics of the Information Age The Triumph of Efficiency Over Power In the information age if life becomes inoperable or undesirable in one location you’ll no longer be tied to it You can simply leave and live elsewhere A change in government could lead to companies fleeing overnight Land resource not limited by one place portable Capital resource lowered costs lower barriers of entry and exit Product cycle obsolete faster gains short lived Microprocessing individualize work low skilled won't be able to contribute at all builds resentment One persons' contribution is exponential even after death Keep pushing boundaries claiming frontiers pulling away power from government Power is democratized Transcending Locality The Emergence of the Cyber Economy1 Internet transactions2 Long distance medical diagnosis business real estate3 Occurs outside jurisdictionTrends PERSONALIZED Democratized Example Used to be illegal to send fax But those laws never lastThe End of Egalitarian Economics The Revolution in Earnings Capacity in a World Without Jobs The minimum skill reuirement increases for any meanignful contribution; therefore there will be and people at the bottom 99% to 999% There's no jobs just skillstasks to do Example movies employed for the job then go their separate ways Abundant information Knowledge is cheap Skill is powerful knowing how to use itNationalism Reaction and the New Luddites Reaction is strongest in high standards of living developed country The neo luddites will attract most of their adherents from the bottom ⅔ of income earners underachievers with credentials who face downward mobility As it becomes easier to live comfortably and earn a high income anywhere the pull to choose where to live based on price savings will be appealing if you want to take full advantage of the freedom of mobility you should STAKE OUT A WELCOME MAT in multiple places beyond the one you were born in Education First it was controlled by the Church Then it was controlled by the state Now it will be controlled and improved by technology and it will be PERSONALIZED and INDIVIDUALIZED based on the student People will CHOOSE THEIR JURISDICTIONS the same way they today choose their insurance carriers or religions Jurisdictions that fail to provide a suitable mix of services will face bankruptcy and liuidation like an incompetent businessThe Twilight of Democracy The information age will be the age of the independent contractor rewarded based on PERFORMANCE and COMPETENCE instead of the “company man”Morality and Crime in the Natural Economy of the Information Age increasingly valuable to be able to discern SIGNAL FROM NOISE and know what to pay attention to see Robert Greene1 The information overload puts a premium on brevity which leads to abbreviation which leaves out what is unfamiliar which leaves out important parts of understanding the information2 There’s an increased value in broad OVERVIEWS and lower value of individual facts3 The growing tribalization and marginalization of life will STUNT DISCOURSE AND CRITICAL THINKING Many people will shy away from conclusions that make them uncomfortable even if they’re obviousDevolution and the Law of Diminishing Marginal Returns Losing a CREATIVE OUTLET can lead to a nervous breakdown we need an Ikigai a reason to live If you can teach yourself HOW TO SOLVE PROBLEMS you have a bright career ahead of yourself No matter where you live you will find problems galore in need of solving Those who would benefit from solutions of their problems will pay you handsomely to solve them


  5. Manu Manu says:

    One of my favourite books is The Moral Animal It does a great job of explaining the connection between the mental organs and behaviour and does justice to the explanatory line on its cover why we are the way we are I liked it a lot because it did a great job of helping me understand the reasons behind my mindset relationships and interactions with the world at large While that book helped me understand myself this one helped me understand the world much betterConsidering that it was published in 1997 this is as much a prediction machine as it is a brilliant book It took at least till the middle of the last decade for even the internet to manifest itself in the form we are now familiar with Therefore accurately predicting the rise of e commerce and cryptocurrency referred to as cyber currency is a feat in itself The projections are not just in the field of business but cover social economical societal political and even moral aspects as well For instance the rise of nationalism filter bubbles the twist in increasing income disparity from between nations to within nations because of lack of access are all themes that are being played out nowBut as with the other book I mentioned the admiration for this one too is largely because of the way the 'why' has been thought through and explained From uickly using timeframes of 500 years to show shifts and reasons from hunter gatherer to agricultural to industrial eras to drawing parallels between the destruction of the Church's monopoly and the future of the nation state the book shows patterns and cycles and importantly the common forces that have been shaping the world In the current shift it explains how the very factors that drove both geopolitics and business in the industrial age will now work against them in the information age The title refers to the rise of the individual and hisher sovereignty in the scheme of things as monopolies capitulate and heshe becomes less citizen and consumer of even things like taxation I really liked the flow of the book and the largely seuential narrative that drives home the point of why the events and themes that the authors predict are likely to happen The articulation is top notch and yet very accessible In the end it even gives a bit of a how to guide in case one believes in the conclusions A fantastic read if one is even remotely interested in the system of the worldPS I must admit to a little bias since the book validates one of my favourite hypotheses the fall of the nation state and its trappings like patriotism


  6. Taylor Pearson Taylor Pearson says:

    I read this book two years ago during the 2016 election At the time it was getting coverage in the Twitterverse for being both a good explanation for the resurgence of nationalist and populist ideologies as well as the book that predicted Bitcoin in 1997I re read it thoroughly and got a lot out of it having thought about bitcoin and cryptocurrency broadly in the intervening two yearsThe authors look at the logic of the information age and forecast how we will see society change over the coming decadesTo hard sell it It’s a dense read and can come off as read is a paean to libertarianism if that’s not your thing Regardless the authors got a lot right in terms of understanding the logic of the technology and it’s hard to think of a book that has shaped my thinking about where the world is heading over the coming decades


  7. Christopher Christopher says:

    Kudos to the publisher for finally making this available as an audiobook I couldn’t imagine a title suited to this format The new 2020 preface by Peter Thiel is short but good This book is a real eye opener or “red pill” if you prefer The authors would be easily dismissed as crazed conspiracy theorists or fear mongers if it weren’t for the fact that so many of their predictions have come true since the last two decades that the book was published They managed to predict with alarming accuracy everything from Bitcoin e commerce video chat the widening effects of globalization the gig economy brought on by the microprocessing revolution the ballooning US college loan debt bubble to the surprise mainstream popularity of Jordan Peterson and Trump Explains the history and evolution of human power balance conflict and war – all the way from the caveman days until the present day Information Age It then proceeds to forecast where societies are likely to be headed in the future and does it in an OCD level of detail It’s worth noting that the MTV generation as described by the book has since been replaced by the social media generation” which has had exponentially greater cultural influence worldwide I haven’t read Sapiens or Homo Deus but I imagine both were heavily inspired by this book Yuval Harari just recently gave an insightful talk at Davos


  8. Kurt Kurt says:

    A jumbled mess of a book It's written by two financial advisors posing as armchair historians The book is loosely strung together by short paragraphs each with their own title The only parts worth reading are the sections on cybermoney They actually advocate moving your money to offshore tax havens in Bermuda and give you the name of the service to contact Lots of cringey Bible references and uotes


  9. Nick Nick says:

    Eual parts history and prophecy The Sovereign Individual is one of the most engaging books I’ve ever read The reader doesn’t need to agree with all of the conclusions in order to get a lot out of it This is a thinking person’s book and only those that want to be challenged will enjoy it similar to Antifragile or Reality Transurfing The authors predicted a rise in nationalism the type leading to Brexit and Trump before the new millennium—in 1997–writing “Politicians willing to cater to the insecurities of those whose relative talents fall well down on Ammon’s turnip will come noisily to the fore in almost every country” They also foresaw cryptocurrencies writing “As cybercommerce begins it will inevitably lead to cybermoney which will consist of encrypted seuences of multihundred digit prime numbersIt will also be divisible into the tiniest fraction of value It will be tradable at a keystroke in a multitrillion dollar wholesale market without borders” Mind you this was written a decade before Satoshi’s paper which was a decade before bitcoin’s prevalence Ultimately the authors believe these forces will lead the winners of the Information Age to form “devolved microstates hosting Sovereign Individuals” similar to the ones fictionalized in Malka Older’s Infomocracy which I now want to re read The authors conclude by advocating for “traditional liberal education” “If you teach yourself how to solve problemsyou will find problems in need of solving and those who would benefit from solutions of their problems will pay you handsomely to effect them”In the authors own words “The argument of this book is that the increased capacity of individuals to protect their transactions and their assets from predatory taxation implies a decline in the redistribution of resources along with less centralized social control less regulation and regimentation and ultimately devolution of territory”


  10. Sebastian Sebastian says:

    42020Timely for sure and recommended reading for those who haven't in a time of COVID But I searched for a coherent framework for a second time and still didn't find it Literary gumbo indeed12018In a sprawling tangle of arguments Davidson and Rees Mogg construct a view of why nation states came into existence why they are failing 1997 and the world and systems of human organization that will replace themThe essence of the argument is something like thisA Starting with the emergence of gunpowder weapons there came tremendous advantages to scale in a group of humans' ability to enact violence and protect against it Your number of persons with guns had better exceed the number of persons with guns in your enemy's army otherwise all of your farms are as good as plundered Hence the rise of the nation state and associated national myths in the 18th and 19th centuries And in a couple of good examples they point out just how absurd some of these consolidations and agglomerations were eg langues d'oil and Occitan speakers smushed into a single French state My own addition even contemporaries seemed to have this realization see Metternich on Italy The word 'Italy' is a geographical expression a description which is useful shorthand but has none of the political significance the efforts of the revolutionary ideologues try to put on itB In our Information Age highly empowered individuals and small groups displace the value of nation states' scaled armies No number of aircraft carriers could have saved us from 911 again the book was written in '97 this is my own gloss A group of hackers or even a single hacker could be far deadly or destructive than any standing army The authors claim on several occasions that Microsoft could be dangerous than 90% of nation statesC Nation states and their ability to organize large standing armies are thus no longer providing a valuable irreplaceable service to their constituents And the ramifications are manifold Highly talented individuals will seek ways of escaping the state or effectively become mobile shoppers between states in order to escape extortive taxation that doesn't return a useful thing to the payer They'll accumulate wealth in cryptocurrencies outside the reach of government and immune from inflation Masses of unskilled humans dependent upon state welfare will lose benefits as the state withers Ineuality will grow and there will probably be violence that comes with it Humans will at long last be free FinThere are a lot of compelling arguments in The Sovereign Individual that the above doesn't encapsulate The book really does not stick to a clearly rendered line of reasoning and a form to match it it's literary gumbo And beyond that I think that perhaps unfortunately some of the best bits are in these edge arguments eg that the internet will facilitate highly individualized news feeds; fake news; the rise of cryptocurrencies; digital nomadry which proved to be highly prescient There is definitely some kernel of truth hereBut I think that the deductive approach employed here also fails to miss some things that would be obvious if we rendered real scenarios on top of abstractions We still manufacture a lot of physical things in this world and I'm not sure that such a huge proportion of economic activity will necessarily exist in cyberspace I don't think that people are uite so mercenary and are so willing to move around from geography to geography on whims Not sure how motivated highly skilled individuals will be to achieve tax savings at the expense of dismantling eg MedicaidIt's ultimately thought provoking and I don't regret reading this The fundamental point that the nation state has less purchase on the individual than ever before is probably right


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