There’s a Dutch saying that translates like: a sparrow is a bird but a bird is not a sparrow. I was reminded of that saying when I read the following: “it’s easier to turn power into money than it is to turn money into power” (Axios Markets, #1). The best example might be former Chinese tech billionaires (eg, Nikkei)
Money is 1 of the 3 belief systems in the Power domain of the 7 Belief systems (ie, 2016 version and 2019 update). The other 2 are Politics and Religion (2016), and/or Data-Info and Technology (2019). Money performs best when it supports the winner: Politics (EU, USA) and/or Religion (Arab countries).
The (private) combination of Money, Data-Info and Technology has created negative emotions within (public) governments, including suspicion about the true aims of that (private) power. In China, it has resulted in a drive for common prosperity also known as common poverty (eg, Bloomberg-2022).
Late last month, it was reported – and subsequently denied – that the U.S. government wants to perform a national security review on the growing business empire of an eccentric and erratic tech billionaire (eg, Bloomberg, Guardian, Reuters). Clearly, public Power does not like private competition.
Perhaps, this blog could also have been named as The Return of Politics:
My diagram above fits well with my 2018 blog: Technology, the new Religion.
“Power concedes nothing without a demand. It never did and it never will. Find out just what any people will quietly submit to and you have found out the exact measure of injustice and wrong which will be imposed upon them, and these will continue till they are resisted with either words or blows, or with both. The limits of tyrants are prescribed by the endurance of those whom they oppress.”
I don’t care too much for money
Money can’t buy me love
Note: all markings (bold, italic, underlining) by LO unless in quotes or stated otherwise.