A controversial philosophy promising personal and societal transformation through radical free-market principles.
Neo-Tech, also known as Neotech or Neothink, is a philosophy and movement that originated with Frank R. Wallace, born Wallace Ward, in the late 20th century. Initially rooted in Objectivist philosophy, Neo-Tech extends Ayn Rand’s ideas with its own unique interpretations and applications. Wallace, a former research chemist turned philosopher and publisher, founded the Integrated Management Associates publishing company to disseminate Neo-Tech literature, which claims to offer secret knowledge leading to wealth, health, and success.
Origins and Development
Frank R. Wallace, a professional poker player and Ph.D. in chemistry, shifted his career focus towards developing and promoting Neo-Tech through his publishing company, Integrated Management Associates. His works, under various pen names, aimed at providing individuals with the tools for achieving a fully integrated, honest life, free from the constraints of what he viewed as an anti-civilization built on mysticism, dishonesty, and coercion.
Philosophy and Claims
Neo-Tech’s philosophy is an offshoot of Objectivism, emphasizing rationality, individualism, and a free market as the foundations of prosperity and happiness. It criticizes traditional social, political, and religious institutions as part of what it labels the “anticivilization,” proposing instead a new civilization grounded in reason, productive achievement, and honest dealings.
Controversies and Criticisms
The movement has been embroiled in controversy, notably due to the aggressive marketing tactics used to sell Neo-Tech literature, which promised extraordinary benefits such as wealth, love, and even eternal life. Critics, including government officials and consumer protection agencies, have labeled Neo-Tech as a scam, highlighting the lack of evidence supporting its grandiose claims. Wallace himself faced legal challenges, including convictions for tax evasion, which brought further scrutiny to his practices and the legitimacy of Neo-Tech’s promises.
Neo-Tech has permeated popular culture to a degree, with its principles influencing comic book storylines and even inspiring a political party, the Twelve Visions Party, founded by Mark Hamilton, Wallace’s son. Despite its contentious reputation, Neo-Tech continues to have followers and adherents who claim significant personal transformation through its teachings.
Frank R. Wallace’s death in 2006 marked the end of an era for Neo-Tech, but the movement persists through his writings and those of his successors, including his son, Mark Hamilton. While Neo-Tech’s impact and effectiveness remain subjects of debate, its call for a society based on reason, honesty, and individual freedom continues to attract attention and followers.