The saying "money is power" gets thrown around a lot. Especially by people that have a problem with their status in the world. People that have an axe
to grind with authority or anyone more successful than them.
I believe the saying is a misnomer.
The first example I will give are lottery winners who received large sums of money. If money = power, than the should be quite powerful after
receiving their windfalls.
- Wins 20 million dollars, sister in-law and boyfriend kidnap then kill Jeff end up with life sentences.
- Wins the lottery twice. 5.4 mill altogether, now lives in a trailer park.
- 16.2 mill (I will let the article describe his story)
An ex-girlfriend sued him for a share of winnings and won, his brother hired a hit man to try to kill him hoping to inherit some winnings, and
other relatives bugged him constantly for money. Within one year, Post was $1 million in debt and filed for bankruptcy. He now lives on food stamps
and a $450 month stipend.
Read more: www.businessinsider.com...
- 3.1 mill blown on addictions and ended up charged with serious crimes.
Source with additional stories
Now, if it were just as easy as -money = power- than you might see these people quite powerful once hitting their windfalls. But you don't. And it is
actually a common theme among lottery winners. So much so, that some people call it a curse.
Curse in the media.
What I will present now is a variation of the saying that makes much more sense. Is more accurate. And should be understood by anyone with insight
into the way the world works.
Power = Money
Money does not equal power, in fact it is reversed.
Take a look at people who have earned their fortunes, created them little, or increased their wealth greatly from a large one to begin with.
Essentially, lets take a look at successful people. (Success being gaged by money earned.)
Conrad Black - Born into an elitist family, he took over the family corporation with cunning and wit, knocking out line ups of others that were
planning to do the same.
Net worth $80 million (2011) 
Why is Conrad important? Because he was thrown in jail.
The British lord himself told an interviewer last year that his first jail term, during which he cleaned latrines and tutored fellow inmates, had
made him "humbler."
Black was dealt a prison sentence, something unheard of for people of his stature (he was knighted by the queen) and he went in and somehow managed to
get by, but not only that, also played it of as a valuable, positive experience.
Still able to act like royalty while being locked up in prison?
Those inmates cooked for Black, cleaned for him, mopped his floor, ironed his clothes, and other similar tasks," Tammy Padgett said. "That is not
at all frequent at Coleman."
In the document, Padgett quoted Black's assigned case manager as saying that Black had demanded to be called Lord Black the day he was released on
bond last summer, awaiting the outcome of an appeal.
"Black told [her] words to the effect of 'I believe I should be addressed as Lord Black from this point forward,'" Padgett said.
In another filing, Carrie De La Garza, an education specialist who supervised Black as a tutor, claimed he was haughty and uninterested in those
"He projected the attitude that he was better than others in the class, both faculty and students," she said in sworn testimony. "A lot of the inmates
looked up to him, and there were some who saluted him each day in class."
De La Garza claimed Black was frequently late and often read or worked on writing what appeared to be a book while he was supposed to be
Compared to the lottery winners who were thrown a winning hand, Conrad was dealt a losing one and still managed to persevere.
It's not that money equals power, as the lotto winners had none over the people that attacked them. They tried to take them for what they had, and it
seems not only did they have no power over those people, they had none against themselves. Money was an achilles heel for them. Because they didn't
have the power to wield it.
Another example would probably be Mike Milken. Another high profile rich person, the one responsible for the Junk Bond disaster in the 1980s. He too
was sentenced to jail, losing most of the fortune he amassed during his scheme, yet he was released, continued his life and eventually went on to have
a net worth of 2 billion.
Conviction(s) Securities fraud
Penalty 2 years in Federal prison, $200 million in fines, $400 million in restitution
Status Released January 1993
After being released, he went on to create a learning program for children, one that became a huge earner:
Founded by former junk bond king Michael Milken and his brother, Lowell Milken, in 1996, Knowledge Universe, which earned $1.6 billion in revenue
last year, targets early childhood learning programs.
Read more: Knowledge Universe reaches $1.6 billion in revenue
The stories I could list to support Power ='s Money, could go on for quite awhile. We could talk about how many celebrities have gone from riches to
rags in a matter of weeks. How many cannot handle money because they don't have the power to wield it.
Then we can talk about all the businessman, one's who were robbed by competitors or even partners, put out of business, or hammered down by
governments. Only to come back and create something much larger and much more successful.
I believe it's a pretty simple concept, and a pretty simple variation on the confusing saying that has been backwards for so many years.
Essentially, if you have power, you will find money. When you have power to begin with, money is just leverage. If you have none, it's a liability.
edit on 22-6-2012 by boncho because: (no reason given)