Investing · Entrepreneur memoirs

Paul Graham:How to Make Wealth, Excerpt 7

Paul Graham《How to Make Wealth》· How to Make Wealth · Investing · Wealth · Action · Leadership

Was it that Europeans are somehow racially superior? Was it their religion? The answer (or at least the proximate cause) may be that the Europeans rode on the crest of a powerful new idea: allowing those who made a lot of money to keep it. Once you're allowed to do that, people who want to get rich can do it by generating wealth instead of stealing it. The resulting technological growth translates not only into wealth but into military power. The theory that led to the stealth plane was developed by a Soviet mathematician. But because the Soviet Union didn't have a computer industry, it remained for them a theory; they didn't have hardware capable of executing the calculations fast enough to design an actual airplane.

Source: https://paulgraham.com/wealth.html
Locator:Essay, additional excerpt 7 · Verified:2026-10-19 · Verification:Short excerpt

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Does this passage change one judgment about money or risk today?

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