The Sovereign Individual

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 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 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 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 bestsellar, 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 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.

James Dale Davidson is a private investor and investment writer, co-writer of the newsletter Strategic Investment, and co-author with William Rees-Mogg of Blood in the Streets: Investment Profits in a World Gone Mad, and The Sovereign Individual. Davidson is also the founder and former head of the National Taxpayers Union.

CONTENTS 1. The Transition of the Year 2000: The Fourth Stage of Human Society 2. Megapolitical Transformations in Historic Perspective 3. East of Eden: The Agricultural Revolution and the Sophistication of Violence 4. The Last Days of Politics: Parallels Between the Senile Decline of the Holy Mother Church and the Nanny State 5. The Life and Death of the Nation-State: Democracy and Nationalism as Resource Strategies in the Age of Violence 6. The Megapolitics of the Information Age: The Triumph of Efficiency over Power 7. Transcending Locality: The Emergence of the Cybereconomy 8. The End of Egalitarian Economics: The Revolution in Earnings Capacity in a World Without Jobs 9. Nationalism, Reaction, and the New Luddites 10. The Twilight of Democracy 11. Morality and Crime in the "Natural Economy" of the Information Age Afterword Appendix: Resources for Achieving Independence Notes Index