The power of money

Money can’t buy you happiness political influence!

We all know this saying. Harvard Business School just published a study which falls in the heated debat started by the studies of Thomas Picketty, who describes the strong divide between the have’s and the havenot’s. And actually something very reassuring is being mentioned. The extremely rich are not able to efficiently use their money to change the world to their wishes but they as a person are very much changed by the money they posses. These Uber-rich become anti-social, ready and without feelings.

“…Evidence—and evidence here is really just a handful of anecdotes—suggests that rich people, when they seek to influence political outcomes, often are wasting their money. Mitt Romney might actually have been a stronger candidate if he had less money, or at least had been less completely defined by his money. For all the angst caused by the Koch Brothers and Sheldon Adelson and their efforts to unseat Barack Obama, they only demonstrated how much money could be spent on a political campaign while exerting no meaningful effect upon it.” Here is the link to more!

Reassuring? Yes and no. The big divide is still there. The question remains what to do. And for sure the solution can’t be found within the existing systems. Something disruptively different is called for!