william rees mogg the sovereign individual

In the new millennium, economic and political life will no longer be organized on a gigantic scale under the nation-state's domination. Megapolitical Transformations in Historic Perspective Increasingly autonomous individuals and bankrupt, desperate governments will confront one another across a new divide. The Information Age will be a time of great danger, great reward, and much-diminished civility in some realms and unprecedented scope in others. The gap between the haves and haves-not will widen. The transition will likely cause severe economic depression, reducing the unearned advantage in living standards that previous generations have enjoyed. The bad news is that the Information Age will leave individuals far more responsible for themselves than they have been accustomed to. The more clever you are, the easier it will be to achieve financial escape velocity. In the future, wealth will not be measured by how many zeroes are in your bank account but by your ability to structure your day in a way that enables you to realize full autonomy and independence.

“I know of no more encouraging fact than the unquestionable ability of man to elevate his life by conscious endeavor.” The brightest, most successful, and most ambitious will emerge as Sovereign Individuals. In an environment where the most significant source of wealth will be the ideas you have in your head, anyone who thinks clearly can become rich. For the first time, those who can educate and motivate themselves will be almost entirely free to invent their work and realize the full benefits of their productivity. The good news is that the Information Revolution will be the age of upward mobility. The most sweeping revolution in history is both good and bad news. Innovations in technology are transforming economic boundaries that once were confined to small portions of the globe to become universal. The Information Age is shifting the control of power by liberating individuals at the expense of old-world power: the nation-state. In the Information Age, a “job” will be a task to do, not a position you “have.” Now, we're transitioning into an entirely new stage of human society: Throughout human history, there have been three primary stages of economic life: Book Notes The Transition of the Year 2000 Favorite Quote For the first time, those who can educate and motivate themselves will be almost entirely free to invent their own work and realize the full benefits of their own productivity. This book serves as a guide to help you take advantage of the opportunities of the new age while avoiding being destroyed by its impact. Published in 1997, this book predicted many changes in technology and society, such as cryptocurrency, digital banking, remote work, rising income inequality, and the metaverse.

William rees mogg the sovereign individual