| Editor’s Note: The New Site is Live! Our new website for Gilder’s Daily Prophecy is now live. You can check it out now by going to GildersDailyProphecy.com. Just remember that our emails will now be coming from a different domain as well. So if you haven’t done so yet, please whitelist our new address by following the instructions here. If you have any questions, please reach out to us at GildersDailyProphecy@threefounderspublishing.com. Life After Capitalism is Underway  Dear Daily Prophecy Reader,
“The greatest trick of the enlightenment has not been ‘humanism’ per se, or even freedom of speech, but the deliberate dispersal of power into units small enough that they might compete and hold each other accountable, while preventing any cabal of cheaters to gain obligate power. It is what works in our five great competitive creative arenas — markets, democracy, science, justice courts, and sports — which thrive exactly to the degree that power splitting happens, and all five languish in sickness when power coalesces.” — as said by science fiction futurist David Brin in John Schroeter's After Shock. This dispersal of power and suppression of “cheaters” is near the heart of the economic system called “capitalism.” It is epitomized by independent and creative human minds of entrepreneurs and inventors. Without the dispersal of power, ideally as widely as the dispersal of human minds, economies “languish in sickness.” By a strange irony, however, chiefly naming and describing capitalism have been its enemies — led by Karl Marx in Das Capital (1852) — who depict it as a scheme of greed, exploitation, and environmental despoliation. The prevalent response is regulation by cabals of politicians with “obligate power:” the power to control, order, and manipulate economies in the interests of their favored constituencies. My next book, which I have been testing through hundreds of thousands of words of “prophecies,” will attempt to reverse this trend. It will be called Life After Capitalism. I hope to finish it over the next few months, largely in the form of continued daily expositions of its themes here. I hope to show that the combination of information theory, and its close complement blockchain “cryptography,” can open the way to restore the deliberate dispersal of power. Capitalism, in the old sense, of reasonably free enterprise in reasonably free markets, scarcely exists. Central Banks have nationalized real banks nearly everywhere and also manipulate money. Interest rates have become nearly meaningless. Currency trading at $6.7 trillion a day is the world’s largest industry and accomplishes little or nothing except the enrichment of traders. Technology is increasingly a tool of government, dominated by spurious pretexts for government power such as “climate change,” healthcare, “diversity,” or “fake news.” It is time to launch a new economic theory that can address and explain these economic phenomena. George Gilder Says Tech Investors Better Get Ready... | 
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