It's the end of the world as we know it...

I've been trying to get people to hear this for years now: that the huge advances already made in information and communication technology and in the speed and availability of travel are epoch changing. And there have been a few stories over the past weeks and even just in recent days that have confirmed for me that we are finally in the "last days" of the twentieth century in terms of the way we do so many things we have come to rely on.

Some may call what we are witnessing a Kondratiev Wave of immense proportions, asset bubbles, a global failure of risk management, the convergence of peoples now able to communicate instantly across the globe with half of the rest of the world's population, a concern about civil liberties and, in a much more interconnected world about how others see us and what they want to do to us if they don't like what they see.

And, as I have also said previously, this is an opportunity for far reaching liberalization of the world - remember Cobden's quote at the top of my page: "Peace will come to earth when the people have more to do with each other and governments less." Now we have the ability to have more to do with each other and need our governments less to do so for us we could realize that hope. Or, on the other hand, it could be an excuse for a slide into dark totalitarianism as governments seek desperately to hold onto the power to which they have become accustomed; and perhaps worse, seek to control the new global world in the same way and clash more fiercely with each other when they disagree.

Why do I say this now? What are the signals that we need to change things one way or another? Well, take a look at the Guardian's Corporate Tax Avoidance campaign for starters. This is something I predicted long ago - one of the most liberating things about the new world is that people can move, physically or just their economic interests, around the world almost instantly. This used to be the preserve of the very wealthy and well advised. But there's no reason nowadays why relatively modestly financially endowed people cannot do much the same. In response to the Guardian's campaign people have been screaming about the need to tighten up on this sort of thing - even St Vince has been at it.

This is dangerous, for it requires close co-operation between states into our personal affairs not seen before. Think of it - forty years ago each schedule in your UK tax return would have been dealt with by a different civil servant so no one person would know precisely your whole financial circumstances. Now we are asking whole countries to share data between them. It is economically counterproductive too. Tax competition is an important brake on state profligacy. It is right that one of the means of registering an objection to one country's over-taxing is to move your affairs, if the recipient country is willing, to somewhere that is not so profligate. The evidence of the last decade should be enough to show the multifarious, and nefarious, ways in which a determined state can take more tax whilst simpering that they are not raising headline rates. The common, international, policeman of tax competition seems to be able to do economically what governments are incapable of politically.

Similarly currencies - our 95-odd year flirtation with a monetary system invented effectively especially for the rich and powerful banks like J P Morgan and J D Rockerfeller looks to be collapsing. And rightly so. It cannot be right that banks are able to take on vast international liabilities in far huger volumes of a country's currency than that country can possibly guarantee, and yet we are seeing our politicians effectively writing what are potentially vast, bankrupting, blank cheques because of that system. Not only was this very system of money invested to benefit the rich and those with access to the largesse of governments but it is now being propped up, albeit in our name, essentially to the benefit of the same people and to the disbenefit of the vast majority.

And with "civil liberties" - this, to me is the crucial one, because it is a cause celebre for many, but may of those do not see, or if they do see don't want to embrace, the idea that civil liberties cover both social and economic aspects of our lives. For those who want on the one hand to fight for tougher tax enforcement against one group yet against, say an ID database or the widespread collection and sharing of personal data, they have a problem. That data is made even more necessary by their own wishes to see everyone tracked down so that they "pay their way", or don't get what they're not entitled to. And those pressures are set to become even stronger as the mechanisms that allow us, physically or virtually, to hide our affairs from governments become easier and more widely available.

Libertarians believe there is a solution. Most of us, not just libertarians, recognize there's something wrong with "monopoly". Where we differ is that libertarians tend to see the state as not just a monopoly itself but the mother of all monopolies. A true conglomerate of monopolies with a whole plethora of arbitrary power. Others believe that state monopoly can itself be controlled by the thing we call "democracy". But, as I said previously - show me an example where the problems we are now in are not already supposedly in the hands of a democratically elected body. A democratically elected body that gave in to Rockerfeller and Morgan nearly a century ago and forced us all to accept their monopoly solution say. A democratically elected body that thinks ID cards are necessary the more efficiently to transform the management of government. And so on.

On the other hand, to libertarians (or at least some of them) I would say that you need to realize that some of your often heart-felt policies cause quasi monopolistic structures - such as with the relatively recent, in libertarian history at least, fixation with an allodial system of ownership of the planet's natural resources - especially "land".

For me, there is no doubt in my mind that liberty is indivisible - you cannot have "social liberty" without also having "economic liberty" and those who seem to try to split the two are doomed to failure, or even worse - encouraging states into that dark descent to totalitarianism by continuing to grant them the monopolistic and arbitrary powers to prosecute one type of freedom. Equally, a more securely philosophically rooted understanding of sharing our earth would enable libertarians to promote a system that was both free and fair and equitable, without a monopolistic state. If these positions can be reconciled...I'll feel fine, as REM said!