Gangsters To Bankers
The Medici family started out in the Middle Ages in Florence as a gangster family. A couple of them were hanged for their misdeeds. Within a couple of generations later they had become the most powerful banking families in Europe.
One of the best prototypical rags to riches story of wealth generation is that of Andrew Carnegie who came to the United States with his parents with his family from Scotland in the mid-1800s. By the end of his career he had amassed a fortune that would be worth $200 million in today’s money.
The original humans that were the first anatomically correct humans, the first physiologically correct humans, the first mentally similar humans to humans, that could think and talk and plan just like we can, they had absolutely nothing. All they had was their bodies their brains and what existed naturally in the earth.
Animal USP
If you look at all the different animals is very easy to see what each animals USP is. What their Unique Selling Proposition is. All animals are highly stuck into their own instinctive environment. Penguins can only eat fish and they can only live in a certain environment.
Kangaroos can only eat whatever kangaroos eat and they can only live in a certain environment. Polar bears can only eat certain food and they can only live in a certain environment. Humans have this strange capacity to look out into the world and make something that doesn’t yet exist.
If you’re a Polar Bear you can only eat fish or dolphins or seals. If you’re a penguin you can only eat fish. If you are a monkey you can only eat bananas. But if you’re a human you can look out into the world you can imagine something that doesn’t exist and you can make that thing become real.
Thoughts Into Things
You can transform things from the realm of thought into the realm of things. If you do this correctly enough you can make a lot of money. You can do this with other people. You can get together with other humans and create a shared hallucination.
If you take this shared hallucination and if you turn this shared hallucination into an actual thing you can build an empire. You can make yourself wealthy. You could make yourself famous. No other animal can do this. Only humans can do this.
Every single thing that exist today was because some human looked out into the world and told themselves you can make something new. Whenever a human decides to make something new all the other humans can copy him. This is a very interesting phenomenon from ancient history.
Critical Mass Population
As soon as you have a minimum population of people in any given society the technology will explode. If you have, say, 1 million people then you have a lot of people that are just randomly coming up with new ideas and every time somebody comes up with a new idea everybody will copy that new idea. If everyone is copying that new idea eventually somebody else will make a new version of that new idea that will keep spreading through society.
What also happens if the society falls below a certain population level they go backwards in technology. There seems to be a critical mass needed for the idea generation process to happen. For the generation to generation transfer of new ideas to happen.
If there is enough people in any given society, if there is a sufficient number of people thinking about new things, of making new things, of creating new things than the technology of society will continue to increase.
Old School Empire Builder
When Carnegie first came to the United States he got any job he could as soon as he got a job he started to save his money.
As soon as he started to save his money, he decided to invest his money carefully and wisely. As soon as he decided to invest his money carefully and wisely, he started to use his money to make more money.
Pretty soon he came to a tipping point where his money was earning him more money than he was.
Money Makes More Money
Once he reached that tipping point it was just a matter of keep doing the same thing over and over. Invest more money over and over again. Look for more opportunities over and over again. Use your intellect over and over again. Use your money to make more money. By the time he was finished he had $200 billion when he started with $0.11.
What’s particularly interesting about the Medici family is when they started the Catholic church was the richest and most powerful organization in Europe. When the Medici family started they were a group of gangsters.
By the time they had built their banking empire they were the preeminent bank in Florence that loaned money to the Catholic Church.
Gangster Lenders To The Holy See
While the Catholic Church was the most powerful the most wealthy the most influential organization in Europe, the Medici family grew from being gangsters to being the entire banking family that loaned money to the most powerful institute on earth.
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