Applying this analysis shows that a number of common fears about blitzscaling are actually nonsystemic risks. For example, one common fear is that blitzscaling will produce an oligarchy of powerful technology executives with too much power over our government and our society. But even today, with technology firms dominating the ranks of the world’s most valuable companies, traditional business moguls such as Rupert Murdoch and the Koch brothers have had a far greater influence over public policy than tech leaders such as Jeff Bezos, Larry Page, or Mark Zuckerberg.

The economic reform and growth of China over the past thirty years has lifted eight hundred million people out of poverty—more than any other policy or program during that time. Despite the very real social and environmental price of that growth, the world is much better off for it. Blitzscaling also improves social mobility. Compared with a child born to parents in Detroit’s poorest 20 percent, a child born to parents in San Francisco’s poorest 20 percent has double the chance of ending up in the richest 20 percent as an adult. We believe that blitzscaling can bring that kind of economic miracle to other areas of the world, and that educated blitzscalers will be more likely to fulfill their ethical obligations to strive for positive societal impact.