09 June, 2020

Quora Answer: Are the Richest People in the World the Most Powerful?

The following is my answer to a Quora question: “Are the richest people in the world the most powerful?

You have got it the other way round. It is the most powerful who are wealthy, not the wealthiest who are powerful.  Wealth is always a consequence of power.  Power is not necessarily a consequence of wealth.  The wealthiest people in the world are powerful precisely because of their power and influence.  This affords them opportunities and control of sections of the economy of nations, which results in them amassing wealth.  Wealth is a tool of power.  It is spent to buy favours, to garner influence, and to grant access.



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