“If the news is fake, imagine history”: The network state and the second bourgeois revolution

Abstract

Written by Balaji Srinivasan (2022), founder of genetic testing firm Counsyl, former general partner at Andreesen Horowitz, and former CTO of Coinbase with close connections to anti-democratic tech billionaire Peter Thiel, The Network State imagines a new state form grounded in blockchain technology. After first situating the text within longer genealogies of neoliberalism, authoritarian freedom, and libertarian exit, I then overturn the book’s central premise: that exit to the digital frontier via network states will increase human freedom. In highlighting how societies dominated by private property restrict human freedom by forcing the many to exchange their labor power to the few to survive, I argue that the creation of zones like the network state are instead a reflection of our epoch’s major dynamic: the attempt to shift the rights of capital and the authority over those rights to the transnational level. In contrast to those that see zones as part of an emerging neofeudalism, I conclude that The Network State is better understood as a legitimating text for a second bourgeois revolution.