What Unrecognised Power Does Money Have? (2024)

Since time immemorial, money has been an indispensable commodity that kings and criminals have killed for, charities and churches have asked for, and politicians and police have accepted in exchange for favours and worse.

Many have been taught that money is the root of all evil. That, however, is a misquote because money is not the root of all evil. The correct quote is that “the love of money is the root of all evil”.

The truth of this statement is borne out by the daily murders and robberies that take place in just about every country in the world as men and women seek to get more money for themselves because they love it so much.

The truth of the matter is that there is nothing wrong, bad or inherently evil about money. Money is completely amoral but takes on the morality of the person in whose hands it is found. In the hands of good people, money is good when it is used to save lives and feed starving people.

In the hands of criminals, it is bad when it is used to buy arms and ammunition to kill and rob others to illegally take from them what they have worked hard to legitimately acquire.

Many a public servant, politician or policeman has fallen prey to the love of money when they have chosen to permit, authorise or overlook unacceptable things in exchange for money. The media continually runs stories of such cases causing the public to shake its collective head in frustration and anger as story after story emerges of those who have sold their souls.

People are attracted to money for many reasons, sometimes in the mistaken belief that money will bring them happiness. Sadly, too late, they find that money provides neither lasting happiness nor fulfilment. It may provide power, prestige, comfort and convenience, but not happiness.

I was once speaking to a Director of a multinational company who wanted to refer a friend of his to me for an age management intervention. His words were, “He’s so wealthy that not even his grandchildren have to work, but he’s as miserable as hell.” So much for his money buying him happiness …

One of the reasons that people crave money is that it gives its owner power – to do whatever they choose, to buy freedom, loyalty and a range of other desirables.

But what few people realise is that money has another power – to reveal who you really are. What people do for and with money will reveal much about who and what they are as human beings.

As I’ve journeyed through life, I have come to learn that money does not corrupt people – it merely reveals their character.

May I ask you … What does money say about you and your character? What are you prepared to do and/or not do for money? How much would it take for you to turn a blind eye to an illegal practice, allow an improper procurement to take place or grant an inappropriate tender? What is the price of your silence or your soul?

This is not about legitimate activities that earn you money, such as gainful employment or entrepreneurial and business activities that generate revenue. These are good, welcome and desirable activities that help build better companies, communities and countries. I’m talking about shady deals, unfair practices or illegal activities that are intended to accumulate illicit wealth for greedy, unethical people.

When otherwise good people fall prey to greed, they lose their ability to think rationally and do things they later regret, but it’s then too late. Losing your integrity is like getting a life sentence. Once you lose your integrity, it’s gone – for the rest of your life. It’s likely you will never be trusted again.

Think about the people who have cheated you or tried to cheat you over the years. You will NEVER trust them again. The same will apply to you. I urge you to consider your integrity to be above any monetary price.

When faced with a financial decision that you feel is dubious, don’t allow any form of pressure – from friends, colleagues, bosses, family, circ*mstances or emotions to influence you in any way. It’s just not worth it. Your integrity is priceless. Protect it and your good name accordingly!

Alan Hosking is the Publisher of HR Future magazine, www.hrfuture.net and @HRFuturemag. He is an internationally recognised authority on leadership competencies for the future and teaches experienced and younger business leaders how to lead with empathy, compassion, integrity, purpose and agility. He has been an Age Management Coach for two decades and is the author of parenting best seller What nobody Tells a New Father.

What Unrecognised Power Does Money Have? (2024)

FAQs

What kind of power does money have? ›

The impact of money on the economy is inescapable. It serves as the fuel that powers the market, enabling consumers and corporations to acquire goods and services, drive investments, and create job opportunities.

What are the powers of money? ›

The Power of Money. Money is obviously a vital part of an economy because it allows trade to occur more efficiently. Governments have a great power that no one else in the economy has—the ability to print money. Thus, the government can acquire more goods by printing more money, a process known as seigniorage.

What's more important, power or money? ›

Both Money and Power are joined at hip. While it might sound nice that both are separate, but in reality they are not. The power attracts more wealth, while wealth attracts more power.

Which power is greater than the money? ›

Power is greater than money, power will control money. money comes first, but power is power it cant even be compared.

What is the real power of money? ›

Money as the external, universal medium and faculty (not springing from man as man or from human society as society) for turning an image into reality and reality into a mere image, transforms the real essential powers of man and nature into what are merely abstract notions and therefore imperfections and tormenting ...

What is the power of cash? ›

Keeps the economy going

Cash plays a crucial role in maintaining economic stability and liquidity. Central banks utilise cash to implement monetary policy, adjusting interest rates and money supply to regulate economic activity.

Is money a powerful thing? ›

The reason that money holds such a power over people is that it provides them with power – to do what they want to do, whatever that may be. Some people feel money gives them a sense of personal worth.

Is it true that money is power? ›

Money, in this paper, is defined as a power relationship of a specific kind, a stratified social debt relationship, measured in a unit of account determined by some authority. A brief historical examination reveals its evolving nature in the process of social provisioning.

What is the highest power of money? ›

The highest currency in the world is none other than Kuwaiti Dinar or KWD. Initially, one Kuwaiti dinar was worth one pound sterling when the Kuwaiti dinar was introduced in 1960.

What is the power of money in life? ›

Why do we need money? Money can't buy happiness, but it can buy security and safety for you and your loved ones. Human beings need money to pay for all the things that make your life possible, such as shelter, food, healthcare bills, and a good education.

Who has the power of money? ›

Article I, Section 8, Clause 5: [The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; . . .

What is more important money or God? ›

Money is a dangerous rival to God. With it comes a unique power that can make you think you don't need other people, and that you don't need God either. Unlike all other forms of power, money is impersonal, enabling you to operate in a world that doesn't require relationships to get what you want or need.

What type of power is money? ›

Money is a social power that operates at all levels - formal, informal, legitimate, illegitimate, fundamental, surface, regional and global. Not all social powers have that capacity. Conventional economic theories see the function of money as a means of exchange, unit of account and store of value.

Which is the money power? ›

Money objects such as coins are created by an authority forcing a stamp onto a physical thing and calling it money. The power that binds the virtual with the real, and thus attaches numbers to the world, is therefore the power of the authority.

What does money is power mean? ›

money is power. SENTENCE. used to imply that possessing wealth can provide people with significant advantages, influence, and control over others or situations.

What are the powers related to money? ›

The Constitution gives Congress the power over the currency of the United States including the power to coin money and regulate its value. Congress also has the power to charter banks to circulate money. The converse power of the creation of currency is to regulate any and all counterfeit currency.

What is money power like? ›

The reason that money holds such a power over people is that it provides them with power – to do what they want to do, whatever that may be. Some people feel money gives them a sense of personal worth.

Can money be considered power? ›

Money, in this paper, is defined as a power relationship of a specific kind, a stratified social debt relationship, measured in a unit of account determined by some authority. A brief historical examination reveals its evolving nature in the process of social provisioning.

Does money give people power? ›

While money can certainly be a source of power, it can also be a liability. For example, those who accumulate great wealth may become targets for theft, extortion, or kidnapping. They may also face intense scrutiny and criticism from the public, media, and government, which can undermine their power and influence.

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