Early last summer, just as my interests in the topics of civilisational collapse and Peter Thiel were beginning to converge into a single obsession, I received out of the blue an email from a New Zealand art critic named Anthony Byrt. If I wanted to understand the extreme ideology that underpinned Thiel’s attraction to New Zealand, he insisted, I needed to understand an obscure libertarian manifesto called The Sovereign Individual: How to Survive and Thrive During the Collapse of the Welfare State. It was published in 1997, and in recent years something of a minor cult has grown up around it in the tech world, largely as a result of Thiel’s citing it as the book he is most influenced by. (Other prominent boosters include Netscape founder and venture capitalist Marc Andreessen, and Balaji Srinivasan, the entrepreneur best known for advocating Silicon Valley’s complete secession from the US to form its own corporate city-state.)
The Sovereign Individual’s co-authors are James Dale Davidson, a private investor who specialises in advising the rich on how to profit from economic catastrophe, and the late William Rees-Mogg, long-serving editor of the Times. (One other notable aspect of Lord Rees-Mogg’s varied legacy is his own son, the Conservative MP Jacob Rees-Mogg – a hastily sketched caricature of an Old Etonian, who is as beloved of Britain’s ultra-reactionary pro-Brexit right as he is loathed by the left.)
I was intrigued by Byrt’s description of the book as a kind of master key to the relationship between New Zealand and the techno-libertarians of Silicon Valley. Reluctant to enrich Davidson or the Rees-Mogg estate any further, I bought a used edition online, the musty pages of which were here and there smeared with the desiccated snot of whatever nose-picking libertarian preceded me.
It presents a bleak vista of a post-democratic future. Amid a thicket of analogies to the medieval collapse of feudal power structures, the book also managed, a decade before the invention of bitcoin, to make some impressively accurate predictions about the advent of online economies and cryptocurrencies. [Continue reading…]