Life After Capitalism is Underway

Stay tuned… [Gilder's Daily Prophecy] October 20, 2020 [UNSUBSCRIBE]( | [ARCHIVES]( A rare occurrence is happening right now in the gold market [Please Enable Images]( There is something happening in the gold market right now that you need to be aware of… I urge you NOT to invest in anything before viewing this briefing. Because this information could be a true game-changer for millions of Americans. [Click here now for this rare opportunity before it is taken offline.]( 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.](mailto:GildersDailyProphecy@threefounderspublishing.com) Life After Capitalism is Underway [George Gilder]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.” Those are the words from 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 despoiliation. 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. [Visionary George Gilder Sees Good News Ahead...]( Ronald Reagan's Secret Weapon (Could Make Anybody Rich) [Please Enable Images]( now, Reagan's cherished ideal is under attack... The one that gave him his legendary success. Luckily, I’m same man who handed him the microchip... and I’ve got a stunning new prediction that is rapidly coming true... [Click this link for more details - this is bigger than you think.]( [Top U.S. Economist George Gilder Makes New Prediction]( A New Economic Theory I call it the “information theory of economics.” Based on the same information theory that underlies computers and networks, it calculates information as surprise or unexpected bits. Bits guaranteed or controlled by government bear no information and can generate no real economic growth. Because human creativity is the only significant source of economic growth — and creativity always comes as a surprise to us — information theory is unique in its ability to gauge what matters in an economy. Interest rates, for example, are measures of average expected returns. Manipulated by government they become meaningless. Profits and losses can convey informative surprises. Life After Capitalism will not be published for a year or so. However, I have a short book on artificial intelligence called Gaming AI: Why AI Can’t Think but Can Transform Jobs that is coming out now from Discovery Institute in Seattle. You can get it [here](. Based on information theory, Gaming AI is in fact a preview of Life After Capitalism. In simplest terms, AI, like socialism, is based on determinist assumptions that bar creative surprisal and thus new information. Games are symbol systems and AI computer programs can simulate and manipulate symbol systems far more efficiently than unaided humans can. But symbol systems — languages, games, mathematical models — depend on human interpreters to be linked to real world phenomena. For example, a map is a symbol system and computers can manipulate maps. But maps are not the same as territories. To link maps to territories ultimately takes human minds. Economies thrive to the extent that they enable human minds to create new things, and this measure is information and entropy surprisal. I hope to surprise you in coming months. Regards, [George Gilder] George Gilder Editor, Gilder's Daily Prophecy P.S. One of my colleagues made a discovery a while back, one that I'm calling an “outsider trading” scandal. It's a “glitch” caused by Wall Street’s machines and algorithms, and once you exploit these “glitches” you could have the potential to see rare gains 116% in 9 days… 96% in one day… and even 120% in just one week! I recorded a special message to talk more about it. [Click here to learn more about what I call the “outsider trading” scandal.]( The Plot Against Trump (and Why it Will Fail) [Please Enable Images]( tried to suggest he’s in Putin’s pocket... They’ve tried to impeach him on the weakest grounds… And they’ve even tried to pin a global pandemic on him. But, one of the most sought-after financial analysts in the world is more convinced than ever that Trump will win a second term, despite the witch hunt in the media. And when he does it could send some stocks shooting up. [Find out why and how you could take advantage by clicking here.]( [Three founders Publishing]( To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, feel free to [click here](. If you are having trouble receiving your Gilder's Daily Prophecy subscription, you can ensure its arrival in your mailbox by [whitelisting Gilder's Daily Prophecy](. Gilder's Daily Prophecy is committed to protecting and respecting your privacy. Please read [our Privacy Statement.]( For any further comments or concerns please email us at GildersDailyProphecy@threefounderspublishing.com. 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