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 and Lord William Rees-Mogg edit Strategic Investment, one of the world's more widely circulated private investment letters. Davidson is a venture capitalist and entrepreneur, with investments in Argentina, Brazil, Bolivia, Peru, and New Zealand, as well as high-tech projects in North America. Rees-Mogg was formerly editor of The Times of London and vice chairman of the BBC. He is a director of the Private Bank of London. Together they authored Blood in the Streets: Investment Profits in a World Gone Mad and The Great Reckoning.

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