Post
Topic
Board Economics
Re: Economic power
by
slapper
on 20/04/2023, 14:53:50 UTC

Political power is good but political power can not survive without good economic power, political power is irrelevance if there is no good economy situations of any firm. It takes the economic power to build every other aspects of life.

I agree with you that and I know that we are in the era where things do not exist alone. Are always interwoven. Just like you have pointed out, economic and political powers are interwoven and are dependent on each other to thrive. In my estimation, political power is the gatekeeper that checks the excesses of economic power. A typical example is the case of introduction of a new currency in my country by the governor of the Central Bank. It caused untold hardship among the citizens. People couldn't feed. While the old currency was removed from circulation, the new currency was scarce and was in the hands of only few people. This was were political power stepped up. The head of the Central Bank was taken to court by the political institutions(elected governor from different states)and the court passed a judgement that both the old and new currency should be used1. They therefore brought back the old currency into circulation and things have now returned to normal.

1. Read more here - https://tribuneonlineng.com/supreme-court-judgment-on-naira-swap-agf-cbn-governor-should-resign-apc-nwc-member/
Wow, you nailed it! Everything's so mixed up today, it's tough to see where one thing starts and another ends. Politics and money? Like a big, beautiful combo – they're inseparable, folks!

But check this out: political power is like a superhero flying in when money gets out of control. Like that Central Bank boss taken to court for messing with the new currency. A real-life hero, believe me!

And don't get me started on bringing back the old currency. A power move, big league! It proves political power can deliver a knockout punch when necessary. Tremendous!