Sta Hungry Stay Foolish

Stay Hungry. Stay Foolish.

A blog by Leon Oudejans

Are Money and Politics decoupling?

While British politics is still proBrexit, a majority of British voters now regret Brexit (eg, the Times). German politics is now open to seize Russian assets to rebuild Ukraine (eg, Bloomberg). China’s political slogan of common prosperity is often nicknamed as common poverty due to its loss of wealth.

Russian billionaires are dropping dead, like overheated sparrows (eg, Wiki). The US president is proposing a billionaire minimum income tax (eg, White House). Chinese billionaires are fleeing the country (eg, Jack Ma, others), are imprisoned (eg, Xiao Jianhua), or have been executed (eg, Liu Han).

The American economy is still decoupling from China due to (i) geopolitics (eg, China supporting Russian invasion of Ukraine), and (ii) China’s zero-Covid. Now even global Chinese companies are trying to decouple from China following the hostile US business climate (SCMP-2023).

Is Politics decoupling from Money within the Power segment of the 7 Belief systems ??

In my 2019 update of my 2015 original version of the 7 Belief systems, I expected that Politics (and Religion) would be replaced by Data-Info and Technology. I suppose I was right about Religion (out) and Technology (in), and/but may have been wrong about Politics (out) and Data-Info (in).

Is it even conceivable that Money would give up its dominant role in human history?? The American, Chinese and Russian crackdown on its billionaires suggests that Money is losing from Politics. Somehow, I doubt it. Money is fluid between human generations. Power is limited to an individual’s lifespan.

I noticed two interesting articles (in the above context):

  • Experts Worried Elderly Billionaires Will Become Immortal, Compounding Wealth Forever (Futurism)
  • Silicon Valley’s quest to live forever could benefit humanity as a whole (CNBC-2021)

I suppose that our love for Technology and Money should beat our resentment for Politics.

Some relevant quotes:

  • We have the best government that money can buy. An ironic quote by Mark Twain (1835-1910)
  • It has become appallingly obvious that our technology has exceeded our humanity. A misattributed quote by Albert Einstein (1879-1955), a German-born theoretical physicist
  • Information technology and business are becoming inextricably interwoven. I don’t think anybody can talk meaningfully about one without the talking about the other. A quote by Bill Gates (b.1955)
  • Money is power in American politics. It always has been. A quote by William Greider (1936-2019), journalist
  • The only way to get money out of politics is to get politics out of money-making. A quote by Richard Salsman

For the Love of Money (1974) by The O’Jays
band, lyrics, video, Wiki-band, Wiki-song

Note: all markings (bolditalicunderlining) by LO unless in quotes or stated otherwise.

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