The Sovereign Individual – By James Dale Davidson and Lord William Rees-Mogg
The Sovereign Individual by James Dales Davidson and Lord William Rees-Mogg begins ominously, stating: “The arrival of the year 2000 has haunted the Western imagination for the last thousand years.” At that point, the author goes on to state that the information revolution will surely subvert and destroy the nation state, as globalization and cyber trade (not to mention cyber currency) will slowly but surely diminish the power and influence of governments in what regards taxes. , politics, lobbyists and unions. Furthermore, the author claims that even regulated professionals will lose their authority as talent becomes “democratized.” The work environment will give way to telecommuting, while citizenship will be obsolete. However, Davidson’s prophecy for the tech-fused future doesn’t end there. He also predicts that the 21st century (and beyond) will produce its own medieval mercantile republics that will form their own legislative proposals, mafias, covert agencies, and criminal gangs.
However, author James Dales Davidson isn’t ranting about doom; in fact, he offers a very insightful analysis of the current world scene, a world torn between financial freedom and financial control, all facilitated by the information age. In his book, he writes about a possible social transformation that is eerily reminiscent of the America of old: the Roman Empire. He also compares the advent of digital technology to the gunpowder revolution. The theme of everything? The rise of the sovereign individual and the death of mass democracy as well as the welfare state. James Dale Davidson is the author of this controversial but politically insightful book on the dire effects of the information age.
You may already know James Dale Davidson as an American investment newsletter writer, as well as the author of other topic-oriented books such as The Great Reckoning and Blood in the Streets. He is co-author of all three books with William Rees-Mogg. Professionally, Davidson is the founder and former head of the National Taxpayers Union, and worked on the Arkansas Project against President Bill Clinton, as well as being an investor in NewsMax.com. Davidson went from graduating from Oxford University and working as an assistant to serving as CFO and now a best-selling author. In fact, the Sovereign Individual spawned a group called “Sovereign Society” dedicated to individual financial freedom and libertarianism.
While Davidson’s book certainly has dark undertones, it is not a book of doom. The central point is how to survive and benefit from the digital revolution: how to invest, find tax havens, avoid criminal enterprises and even promote your own business on the Internet. “The Sovereign Individual” is Davidson’s most critically acclaimed book. The Library Journal calls The Sovereign Individual “visionary…strongly recommended for academic libraries.”
Readers have also expressed appreciation for Davidson’s work, calling his book a must-read for anyone who wants to avoid the crises to come and remain financially independent. Touchstone originally published this book in 1999 and now his once-far-fetched predictions are gradually becoming a very real possibility, especially in the face of the financial collapse of many banks in the US and around the world.
You can still order The Sovereign Singles online (of course…who buys anything at a traditional bookstore these days?) and see what all the 21st century hype is about.