"The zero-sum world of primitive societies (embedded in human minds) makes it very hard to focus on the “increases in total wealth through invention, investments and extended economic exchange.” Wealth through most of human history was acquired by cheating, stealing, invading one’s neighbors, or just sheer luck. This explains much of human history and the recent history of the Third World in particular. Industrialization came from Northern Europe and is even reflected in the ...languages. The word for getting money in English is “earn,” in German it is verdienen. Both imply work. But in the Romance languages, it is ganar in Spanish, gagne in French, and similar to Spanish in Italian. The word is the same as “to win.” That implies that work and luck are equal, or even that hard work won’t help without good luck. Historically, in most of the world capitalism meant trading, not creation of new wealth.
"When I first went to work in South America in the ’60s I observed how people thought that wealth came from owning land, from owning minerals under the land, and from foreign (American) corporations. There was little credibility for the concept that wealth could be created by their own people. The success of Hong Kong, and the ideas of Ronald Reagan, Hernando de Soto, and Jude Wanniski, were principal promoters of a change in psyche, and today many Latin nations foster economic growth with lower taxes, rule of law, property rights, and free trade—e.g. supply side economics"