The Year Capitalism Sets the World Free
In a 2025 address to members of the Neothink Society, Mark Hamilton laid out an economic theory he had never seen identified in philosophy or economics, despite being an economics major himself. The theory: pure capitalism, never yet practiced on Earth, would drive costs toward zero and values toward infinity across every industry. And its ultimate result is not what anyone expects.
Quick answer
What Is Pure Capitalism?
Hamilton’s theory identifies something hidden in plain sight: the computer and information revolution drove costs toward zero and values toward infinity, because government could not regulate it fast enough. This was not a special phenomenon of the silicon chip. It is what happens in any industry free from regulatory suppression. Pure capitalism, a civilization without initiatory force, protected by the Prime Law, would extend this phenomenon across the entire economic landscape. Costs drop toward zero, values rise toward infinity, universal wealth follows, and business owners shift from being motivated by profits to being motivated by contribution, pride, and happiness. Hamilton calls it the beautiful ecosystem of mankind.
- ✓The computer revolution drove costs toward zero and values toward infinity, because government couldn’t regulate it fast enough
- ✓This is not unique to silicon chips: James J. Hill, Henry Ford, and Thomas Edison produced the same phenomenon, before the modern regulatory state
- ✓Initiatory force is the common denominator that gives every ruling class its destructive power
- ✓The Prime Law removes initiatory force, eliminating the ruling class and its progress-suppressing regulations
- ✓In Immortalis, government becomes a voluntary protection service funded by a 10% tithe, not forced taxation
- ✓Without regulatory suppression, every industry would experience the computer revolution phenomenon, including health and medicine
- ✓The end result of pure capitalism: business owners shift from profit motivation to contribution, pride, and happiness
The Puzzle Piece That Proves It: The Computer Revolution
Hamilton begins with what he calls the most revealing puzzle piece: the computer and information revolution of the late 20th and early 21st century. Today, a used smartphone carries more computing power than Fortune 500 mainframes possessed just decades ago. The cost of that computing power has dropped toward zero while its value has increased toward infinity.
The same trajectory applies to information itself. Information used to be an expensive commodity, people once told Hamilton he was fortunate to be in the information business. Now, with AI tools like ChatGPT, vast quantities of information are available for free. The entire economics of knowledge has inverted.
Hamilton identifies the critical reason this happened: government could not get a regulatory grip on the advancement. Personal computing moved too fast for bureaucracies to figure out how to regulate it. Without the typical government regulatory burden, technology soared and costs radically dropped.
The computer revolution is not a special phenomenon of the silicon chip. It is what happens in any industry that escapes regulatory suppression. The silicon chip just happened to move too fast for government to catch.
Before the Regulatory Darkness
To prove this is not unique to computing, Hamilton points to three titans of industry who produced the same phenomenon, costs plummeting, values soaring, standards of living rising, all before the modern regulatory state:
James J. Hill, The Railroad Tycoon
Opened the entire northern border of America to development with a transcontinental railroad, without any government help, over 150 years ago. Pure private enterprise driving progress that government couldn’t match.
Henry Ford, The Assembly Line
Perfected the assembly line over a century ago, driving costs to fractions and making the automobile, and transportation itself, affordable to ordinary families. Decades of rising value and falling cost followed.
Thomas Edison, Electric Light
Brought electric light to the world, producing incredible advancements that drove down costs and drove up standards of living for all of humankind.
Hamilton notes that all of this happened before the anti-business regulatory darkness that arrived with the expansion of the federal bureaucracy. The pattern is unmistakable: when geniuses are free to create without political interference, costs drop and values soar. When regulation arrives, progress slows or stops entirely.
The Scourge Behind Every Ruling Class: Initiatory Force
Hamilton asks a pointed question: what gives the ruling class, in every country, throughout all of history, its destructive power to hold back progress? What is the common denominator?
The answer: initiatory force. Not self-defense force, but the initiation of force, political agendas enforced through regulations, legislation, and litigation. This is the mechanism by which the ruling class suppresses the geniuses of society. It is the tool behind the cult that Hamilton described in his address on illusion pollution.
Hamilton illustrates the human cost with a story from Balaji Srinivasan’s Network State Conference in Singapore, where his son Wallace met scientists doing remarkable longevity research. These scientists were confident in their work, but expressed deep frustration: regulations and legislation held them back, and there was nowhere on planet Earth they could go to freely pursue their life-saving research without falling into regulatory traps that could turn them into criminals.
“They said wherever they would go, they would be knocked down and held back by the ruling class. There’s no place on planet Earth that they could go without falling into these regulations that could even turn them into criminals.”
The initiation of force, threat of force, or fraud against individuals or their property, as opposed to self-defense force. Initiatory force is the mechanism by which ruling classes enforce political agendas through regulations, legislation, and litigation. It is the common denominator behind every ruling class throughout history.
The Prime Law: The Tool That Changes Everything
Hamilton poses the question directly: why should one adult have the power to initiate force on any other adult? Including politicians and regulatory bureaucrats? The answer is that they should not, and the tool to ensure they cannot is the Prime Law.
“No person, group of persons, or government may initiate force, threat of force, or fraud against any individual’s self or property.”
The Prime Law is the fundamental natural law of protection, and the only valid purpose of government is to enforce it. It protects the smallest minority: the individual. When every individual is protected from initiatory force, all people are equally protected.
The ruling class can only exist through initiatory force, which includes forced tax collection. Remove initiatory force and the ruling class itself ceases to exist. Agenda-backed, politicized legislation and regulation become impossible. The geniuses of society are finally free.
How Immortalis Works: Government Without Force
Hamilton describes a new dimension of civilization, new because no civilization on Earth has ever existed without a ruling class exercising initiatory force. In Immortalis, everything is based on mutual value exchange.
Government becomes a protection service. Citizens voluntarily pay a 10% tithe to the protection services that offer the greatest value. The competitive nature of this system drives the best values to the top, the same market mechanism that drives excellence in every other industry.
Why would people voluntarily pay? Because in this civilization, freed from regulatory suppression, costs plummet across every industry. Citizens become universally wealthy, the same way we all became “computer power wealthy” when computing escaped regulation. People would look around the world, see the alternative, and gladly pay 10% to maintain the system that made them and their loved ones wealthy, healthy, and safe.
For the first time in history, government would exist without forced taxes. Not because people are altruistic, but because the system produces so much value that supporting it is an obvious self-interest calculation. The protection services create the conditions for universal wealth, and people happily pay to keep those conditions.
When Every Industry Becomes the Computer Industry
This is the economic core of Hamilton’s theory. With no ruling class in Immortalis, the phenomenon that transformed computing, costs dropping toward zero while values race toward infinity, would spread across the entire industrial landscape.
Energy, health, medicine, science, technology, every industry currently held back by politicized regulations and legislation would experience the same explosive advancement. People would become universally wealthy, just as we became computing wealthy. Purchasing power would move toward infinity as prices are driven down and values are driven up.
Hamilton emphasizes the health industry in particular. Without political agendas spawning cost-prohibitive regulations, fatal diseases would be conquered and cured, including cancer, heart disease, and aging itself.
Hamilton shares a personal story to illustrate the cost. His father, a renowned scientist at DuPont with five patents, was part of a team that had developed what Hamilton considers a cure for cancer, an extremely fine textile, almost like a liquid, impregnated with cancer-killing drugs. These textiles would be injected into the bloodstream, travel to cancer tumors, and wrap around them, trapping the tumors in what Hamilton calls “manmade coffins.”
Government-enforced cost-prohibitive regulations killed that project, at DuPont, the largest chemical company in the world, with billions of dollars behind it. If regulations could kill such a promising cure at DuPont, Hamilton asks, imagine what they do to individual scientists and smaller research teams around the world.
“We had a promising cure to cancer 50 years ago. Government enforced cost-prohibitive regulations that killed that project. And that’s why 25 years later, we’re no closer. We have not made the leap into the next level of human longevity.”
Immortalis would become the medical mecca of the world. Scientists held back by regulations everywhere else would come rushing to a civilization where their research could proceed freely. A brain drain across the world, the geniuses of society converging to conquer and cure the diseases that have been suppressed for decades.
The Beautiful Ecosystem: From Profits to Purpose
Hamilton arrives at the conclusion that no one expects from pure capitalism. As purchasing power moves toward infinity, as people become wealthier than they could ever spend, a fundamental shift occurs in what motivates business owners.
In current capitalism, we’re taught that profits are the primary motivator. But in a civilization where everyone has more wealth than they could ever use, profits become less and less important. They become, as Hamilton puts it, less and less relative.
What replaces profit as the driving force? Contribution, pride, and happiness. Business owners, entrepreneurs like Hamilton describes himself, creators and builders, become motivated by their ability to create values that help others. The internal feelings of contributing important values to society, the pride, the admiration, the happiness inside, become the primary reward.
Hamilton calls this the beautiful ecosystem of mankind: achieving happiness within by creating values for others. From tangible money to intangible emotion. The shift is not from capitalism to something else, it is capitalism reaching its pure, natural conclusion for the first time in human history.
The beautiful ecosystem of being human, fulfilling that child of the past, that happiness within, by bringing values to others. From tangible money to intangible emotion.
Not socialism. Not redistribution. Pure capitalism reaching its natural conclusion, where costs approach zero, values approach infinity, and the driving force behind creation becomes contribution, pride, and happiness.
Frequently asked questions
Related: The job revolution, Libertarians’ next big possibility, How every individual can be wealthy, The unbreakable equation.
What does “everything will be free” mean in this context?
It does not mean socialism or communism. Hamilton describes pure capitalism, a free market without initiatory force, where competition drives costs toward zero and values toward infinity, the same way the computer revolution did. People become universally wealthy through purchasing power, not government redistribution.
How is pure capitalism different from what we have now?
No civilization on Earth has ever practiced pure capitalism. Every existing system includes a ruling class that exercises initiatory force through regulations, legislation, and forced taxation. Pure capitalism, protected by the Prime Law, removes initiatory force entirely, freeing the geniuses of society to create without political interference.
How would government function without forced taxes?
Government becomes a protection service funded by a voluntary 10% tithe. Citizens pay willingly because the system produces so much wealth, health, and safety that maintaining it is an obvious self-interest calculation. The competitive nature of multiple protection services drives the best values to the top.
Why haven’t healthcare costs dropped like computing costs?
Because government succeeded in regulating healthcare where it failed to regulate computing. The computer revolution moved too fast for bureaucracies to control. Healthcare, energy, and other industries are held back by politicized regulations and legislation. Hamilton’s father’s cancer cure at DuPont was killed by cost-prohibitive government regulations 50 years ago.
What is the “beautiful ecosystem of mankind”?
Hamilton’s term for the natural end result of pure capitalism: as people become wealthier than they could ever spend, business owners shift from being motivated by profits to being motivated by contribution, pride, and happiness. Achieving fulfillment within by creating values for others, from tangible money to intangible emotion.
Is this theory actually new?
Hamilton says he has never seen it identified in philosophy or economics, despite being an economics major himself. The theory connects observable phenomena (the computer revolution) to a universal principle (what happens when initiatory force is removed) and extends it to its logical conclusion (the motivation shift from profit to purpose). The unbroken line of logic is what makes it original.