Economic power - page 2. | Bitcointalksearch.org

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Quote from: Davidvictorson on April 19, 2023, 11:58:59 PM

Quote from: Godlovesyou on March 01, 2023, 09:51:42 PM

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/

These days, it's hard to tell where one item stops and another begins since everything is so intertwined. Money in politics? They make a stunning pair and cannot be separated. But here's the thing: when money gets out of hand, political power swoops in like a superhero. As in the case of the Central Bank governor who was prosecuted for tampering with the new currency. A true hero, trust me on this one! Bringing back the old currency is another topic I'd rather not discuss. A mighty swoop of force, indeed! This demonstrates that when called upon, political power can pack a devastating knockout punch. Tremendous!

Fesatmas

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Quote from: Godlovesyou on March 01, 2023, 09:51:42 PM

The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.

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.

Even government can not operates effectively if they lack or suffered economic kwashiorkor. Smooth organization operates as a function of good economy situations. When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.

Yes, I really agree with you, that indeed in every growth and development something must be supported by a good economic level, both individuals, organizations, industry, government and others who need funding in the operation of their work, of course, need funding as a tool for operational sustainability in implementing the vision and its mission, we cannot ignore it and again if an organization or individual who has a strong economy he will easily implement his wishes and have great influence, therefore the economy is very important to be a component that must be strong in the course of activity.

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Quote from: Godlovesyou

When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.

You're right OP, that is why many potential government prefer to pump huge amount of money on their economy so that their citizens will experience some positive changes in the economic power in the country. During the pandemic that took over one year and some months in the world, made many countries to be serious with their economic power because they thought they have what it takes to get it right at the moment until many industries started folding up because of the poor economic power in the land. Economic power and political power are very important for any government to embrace to ensure their citizens enjoy steady deflation from the land which is the wish of every humanity in the country.

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Quote from: Godlovesyou on March 01, 2023, 09:51:42 PM

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/

Vishnu.Reang

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Quote from: Freddie Boyer on April 19, 2023, 12:37:13 PM

As everyone knows, economic power refers to the ability of individuals, organizations, industry, governments and nations to control and influence the production, distribution and consumption of goods and services. Economic power is very important because it provides the necessary resources to build and sustain other aspects of life. Regarding Political power, in my opinion although it is important, it cannot survive without a strong economy because Lack of economic strength can cause various problems, such as poverty, unemployment, and social unrest.

Yes you are absolutely right economic powers has the ability of countries, businesses, or individuals to improve their standers of living, individual can take decision by their self if financially someone is not dependent upon their family or partner then no one can suppress them same thing applicable with countries as well it increases their freedom to make decisions which beneficial for them and reduce the ability of any outside force to reduce their freedom. For example India is exporting oil from Russia after knowing that Russia is a big enemy of US. If India was Economically weak then India can't take this steps we can see economy power here.

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Quote from: CageMabok on April 19, 2023, 11:55:18 AM

Quote from: Chainsmokers on April 19, 2023, 09:17:49 AM

It is true that diplomatic relations between countries are so important because it provides many benefits,
Apart from student exchange work, this is of course part of the diplomatic relations,
the more countries have diplomatic relations with other countries, the better it will be.

Diplomatic relations between countries do have benefits in particular and from what I read on a site called materiips.com that the benefits of diplomatic relations between countries actually have seven benefits. And I think it really needs to be maintained by every country in order to advance the country in several sectors through these seven benefits, including:

Preventing the Damage of a Country. The cooperation of a country can also be a defense to deal with various possibilities that can damage the culture and things that are contrary to the ideology of a country.
As the Development of Cultural Values. Support efforts to foster and develop the nation's socio-cultural values in efforts to overcome all forms of threats, challenges, obstacles, disturbances and international crimes in the context of social development
To support the implementation of political policies and foreign relations that are used for national interests, especially for development interests in all fields.
Support efforts to increase national development
Peace and security between countries, believe in supporting efforts to maintain and restore international peace, security and stability.
Improving friendly relations between countries, to avoid conflicts that occur. The existence of cooperation that occurs will strengthen the relationship of a country.
Improving the application of science and technology and overcoming things that can damage culture.

Diplomacy between nations? Fascinating, folks! Those seven advantages you mentioned show how diplomatic ties can make a country great again in many areas. Imagine a world without diplomacy?

One of the chief boons of diplomatic relations is averting potential damage. It's astonishing how nations can collaborate to address challenges that menace culture and contravene a country's principles. Moreover, diplomacy aids the nurturing and growth of socio-cultural values within societal progress. Plus, politics and foreign affairs? They're key for national interests, especially for progress in every field. Diplomatic ties boost national development and keep relations friendly, avoiding nasty conflicts. Thus, let's make diplomacy a top priority for the benefit of all nations

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As everyone knows, economic power refers to the ability of individuals, organizations, industry, governments and nations to control and influence the production, distribution and consumption of goods and services. Economic power is very important because it provides the necessary resources to build and sustain other aspects of life. Regarding Political power, in my opinion although it is important, it cannot survive without a strong economy because Lack of economic strength can cause various problems, such as poverty, unemployment, and social unrest.

CageMabok

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Quote from: Chainsmokers on April 19, 2023, 09:17:49 AM

It is true that diplomatic relations between countries are so important because it provides many benefits,
Apart from student exchange work, this is of course part of the diplomatic relations,
the more countries have diplomatic relations with other countries, the better it will be.

Diplomatic relations between countries do have benefits in particular and from what I read on a site called materiips.com that the benefits of diplomatic relations between countries actually have seven benefits. And I think it really needs to be maintained by every country in order to advance the country in several sectors through these seven benefits, including:

Preventing the Damage of a Country. The cooperation of a country can also be a defense to deal with various possibilities that can damage the culture and things that are contrary to the ideology of a country.
As the Development of Cultural Values. Support efforts to foster and develop the nation's socio-cultural values in efforts to overcome all forms of threats, challenges, obstacles, disturbances and international crimes in the context of social development
To support the implementation of political policies and foreign relations that are used for national interests, especially for development interests in all fields.
Support efforts to increase national development
Peace and security between countries, believe in supporting efforts to maintain and restore international peace, security and stability.
Improving friendly relations between countries, to avoid conflicts that occur. The existence of cooperation that occurs will strengthen the relationship of a country.
Improving the application of science and technology and overcoming things that can damage culture.

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Quote from: karmamiu on April 19, 2023, 04:50:49 AM

Quote from: Obari on April 18, 2023, 09:26:07 AM

A nation without much economic strength is lacking behind and cannot be recognised in terms of national statistics of states of the world that are doing well it is better if we build our nations economy and not only the political area
A nation which has big economy has advantage of tourists and investors to come over to settle within and operate in there different area in life

So they must of an alternative way to raise their economic reputation to provide more opportunities to their citizens. This is what commonly happens in third world countries, that they need to rely on alliances or follow under someone's wing. Whether the economy like it or not, there are those 3rd world countries who had a rapid rise of population and in order to cater those excessive man power they must seek for opportunities outside the country, this why diplomatic relations in other countries are made and is also needed.

It is true that diplomatic relations between countries are so important because it provides many benefits,
Apart from student exchange work, this is of course part of the diplomatic relations,
the more countries have diplomatic relations with other countries, the better it will be.

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Quote from: karmamiu on April 19, 2023, 04:50:49 AM

Quote from: Obari on April 18, 2023, 09:26:07 AM

A nation without much economic strength is lacking behind and cannot be recognised in terms of national statistics of states of the world that are doing well it is better if we build our nations economy and not only the political area
A nation which has big economy has advantage of tourists and investors to come over to settle within and operate in there different area in life

So they must of an alternative way to raise their economic reputation to provide more opportunities to their citizens. This is what commonly happens in third world countries, that they need to rely on alliances or follow under someone's wing. Whether the economy like it or not, there are those 3rd world countries who had a rapid rise of population and in order to cater those excessive man power they must seek for opportunities outside the country, this why diplomatic relations in other countries are made and is also needed.

I agree with you mate and I guess this has been one of the major reasons for the massive migration by citizens of my country to other countries and at some points if the government of a country makes the country and it's economy more welcoming, then I think it will go a very long way to encouraging it's citizens to stay back.
There are countries with greater opportunities outside and though I haven't left my country yet, I'm sure that if my country can create an enabling, then it's citizens wouldn't have to look outside for greener pastures.

TheGreatPython

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Quote from: huu78 on April 03, 2023, 02:15:44 AM

I believe in economic power that describes an individual or group that is more advanced and better.
no need to look for examples that are far away, compare a child from a rich family and from a poor family, a child from a rich family gets access facilities, and a more advanced education,while the number of children from poor families is minimal, but that doesn't mean he can't become rich, it's just that their start is very different.

Well, that can probably be a good example of how economic power can actually strengthen an individual, a group, or a nation. A nation with economic power tends to get better and quicker development within the country, and a country that develops fast tends to rise higher in almost every aspect and the competition out there will start noticing them.

If we talk about an individual, someone with economic power is obviously superior to someone who has no such thing backing them at all. Just like you said, a rich person can easily climb the ladder of success way quicker than someone without riches.

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Quote from: Obari on April 18, 2023, 09:26:07 AM

A nation without much economic strength is lacking behind and cannot be recognised in terms of national statistics of states of the world that are doing well it is better if we build our nations economy and not only the political area
A nation which has big economy has advantage of tourists and investors to come over to settle within and operate in there different area in life

So they must of an alternative way to raise their economic reputation to provide more opportunities to their citizens. This is what commonly happens in third world countries, that they need to rely on alliances or follow under someone's wing. Whether the economy like it or not, there are those 3rd world countries who had a rapid rise of population and in order to cater those excessive man power they must seek for opportunities outside the country, this why diplomatic relations in other countries are made and is also needed.

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Quote from: Godlovesyou on March 01, 2023, 09:51:42 PM

The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.

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.

Even government can not operates effectively if they lack or suffered economic kwashiorkor. Smooth organization operates as a function of good economy situations. When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.

If the economy has power, success comes. The government of any country uses the economy as a weapon. Where power does not work, the work can be completed with money. So in today's society economy importance and power are the two most effective things. Economy is one of the few fundamentals that make up or govern a country.

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A nation without much economic strength is lacking behind and cannot be recognised in terms of national statistics of states of the world that are doing well it is better if we build our nations economy and not only the political area
A nation which has big economy has advantage of tourists and investors to come over to settle within and operate in there different area in life

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Quote from: Pujangga on April 09, 2023, 04:10:21 AM

Economic power is currently an important force. Many countries are trying to become an economic power because world economic competition is very tight. Some countries that have economic power, such as the USA, can easily dominate other countries' economies, so that it becomes an advantage for strong countries.

Yes, economic power is what will decide everything, when you have a strong economy and a lot of money, your power will be very strong. Economic strength is a measure to determine who is the strongest, it is not only a measure between countries but also between people.

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Quote from: jackg on March 01, 2023, 10:18:45 PM

I think "means to produce" might be a better term here.

A good economy and the emergence of a strong political power normally stem from being able to produce something. It is normally either food, good transport links or exports.

most countries would try to invest into something that their country needs, for example manpower and food which is highly needed in some other countries. there are also circumstances in which a country can produce raw materials like ores, stones and salt, which is why up until now although it destroys nature or some non government groups try to stop mining.

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Quote from: huu78 on April 03, 2023, 02:15:44 AM

I believe in economic power that describes an individual or group that is more advanced and better.
no need to look for examples that are far away, compare a child from a rich family and from a poor family, a child from a rich family gets access facilities, and a more advanced education,while the number of children from poor families is minimal, but that doesn't mean he can't become rich, it's just that their start is very different.

what you say can certainly be true and also not forever that if all education is ensured only for families with an established economy, but simple families can also get a good education if their children really want to try to make up for their deficiencies to continue learning and increasing their knowledge. because in several countries there are already free schools for all citizens who really need it, so if it's about education it doesn't seem to be a problem, only in developing and underdeveloped countries, of course it will make a difference.
but when it comes to matters of life's necessities, it is clear that it cannot be avoided that those in the good economic group will definitely get what they want.

aylabadia05

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When a country establishes a relationship with another country it has the goal of something to get. In addition to the relationship that leads to politics, there is another relationship that is larger to be achieved, namely strengthening the economy.

The economic stability of a country greatly impacts welfare so that a country is willing to give debt and owe other countries with built relationships.
Therefore, economic strength will focus on global competitiveness.

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Quote from: Godlovesyou on March 01, 2023, 09:51:42 PM

The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.

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.

Even government can not operates effectively if they lack or suffered economic kwashiorkor. Smooth organization operates as a function of good economy situations. When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.

Bro, that comment you made about the power of economic stability was some next-level thinking! It's like the backbone of all power, you feel me? Politics might be important and all, but without a solid economy to hold it up, it's just a house of cards waiting to collapse. When the economy is on point, people can achieve anything they put their mind to, whether they're individuals or whole nations. But real talk, economic power brings the good feels. When people are making bank and living their best lives, it spreads good vibes throughout the community. It's like a domino effect of pure satisfaction and good energy.

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Quote from: Godlovesyou on March 01, 2023, 09:51:42 PM

The most essential power of any individuals, organization, industries, churches, government, and nations is truly rely on the wings and Caprices of economic power.

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.

Even government can not operates effectively if they lack or suffered economic kwashiorkor. Smooth organization operates as a function of good economy situations. When you economic power is stable and dignified, the evidence of Man's labour becomes very easy.

Economic power relies solely on the money, the statement used by many people, which is completely wrong. The true power of economy is driven by two factors: basic needs fulfillment and psychological effects. Most economic processes can't be predicted by using only money vectoring, since money is just a single aspect of motivation. So the power is not in purely economy control, it's also in psychology control through addicting people to money. Usually money and products in economy are considered different things, but the real deal is that money is also a product - highly psychoactive product.

Topic: Economic power - page 2. (Read 756 times)