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Probably neither. As far as I can tell rich people are completely unremarkable. Some use their money for good, some for evil (and the media loves that) while most just buy tons of stupid shit and enjoy the good life.
I guess the media thing is the real answer. You don't hear much about Bernard Arnault because he's boring, while Musk is walking clickbait.
Money doesn't corrupt people; it's more like a truth serum for the morally flexible. It's not that money changes people; it just gives them a megaphone to broadcast their inner used car salesman.
Suddenly, those "creative accounting" skills you never knew you had emerge faster than a politician's promises during election season. It's like money has a magical power to turn "I would never" into "Well, just this once" quicker than you can say "offshore account."
No one is perfect, and money reflects the not perfect side very well in many!
Yes.
Shit attracts flies
I don't think money itself corrupts, but power does and power comes with money. Im currently reading a book "Human Kind" that argues that people are generally pretty decent, but that even a little bit of power almost always starts changing people's behaviour, affecting their empathy, etc.
Personally, I hate having power over others or being in a position of authority. I even feel weird telling my own children what to do.
Yes. Most people stop making more when they have enough.
People who don't stop are already broken and corrupted. They have nothing better to do. No better idea. No other desire. Than to accumulate more. It's degenerate, sad, to keep wanting more, to feel that hunger when it is already satiated. Like a rat addicted to cocaine, still pushing itself to push the button for more and more.
Most people stop making more when they have enough.
I can't think of a single person like that.
I keep joking that we should make video games mandatory for millionaires when this subject comes up but I legit think that playing some grindy game or management games would make this type of people less greedy to some degree, because at their core they appeal to our seemingly primal urge of always hoarding more resources.
Perhaps you are asking a variation of the "genetics vs. environment" question. If so, there are many answers on the subject. Also, money is somewhat attractive to almost everyone, to some degree, for practical reasons.
all people are questionable. the love of money is envy manifest.
envy is the most destructive compound human emotion.
I think it seperates people, and that can have a harmful effect on people.
You slowly whether living for the good of all mankind (in your mind), excessive pleasure, or avoid the world more and more, just start living an experience that doesn't make sense to more and more people.
It happens on small scales too. Like a trip to Hawaii or Disney world, or being able afford only "ethically" sources goods and having time to volunteer at your local animal shelter. These are experiences that people have seen have wanted but ultimately never afforded.
Like having time and money to travel to you families for thanksgiving, that is just not going to happen for some people, and the experience of begging for overtime to stock before black Friday is something those people may never experience or even think about.
Just like that stocker may never experience taking the kids to dump to sort through trash to find things to sell to help make it to next year's seasonal work.
We view world through our eyes alone and can only fathom the rest.
I firmly believe greed comes from two thought processes: A sense of fear, or a desire for authority. I don't know if wealth will make you a monster, but it will certainly show what you really are.
Both but I believe to a certain degree a person can have a certain amount without it corrupting them. Beyond that point, everyone is corrupted. There are no truly benevolent billionaires because a person must engage in various questionable practices to keep growing their wealth at such an exponential rate. Basic market economics dictates that a business entity competing for a limited market share must repeatedly find new ways to make more profit by using strategies their competitors aren't. This includes but is not limited to skirting around regulations and laws, and somebody unquestionably runs those companies.
I also think most people massively underestimate the impact that conditioning puts on a person's outward demeanor, but that leads into a deeper tangentially related discussion. Regardless, people are complex creatures.
βTo put it simply, to become a billionaire or even a typical* megamillionaire a person must invariably step on someone else.
*The only exception I can think of are SOME lottery jackpot winners.
Nah, it's all a lottery. If being an asshole was enough there'd be way more rich people.
Nah, being an asshole is just a minimum requirement to becoming megawealthy with regards to anything but the lottery. βI didn't say that immense luck still wasn't required. That's a given and the fact that most megarich people don't recognize this feeds back into them being assholes.
I really don't think so. If you went back in time and bought a bunch of Apple stock you too could be a billionaire, no obviously antisocial behavior required.
There are examples of billionaires that were helped along the way by being an asshole, and it might improve your chances slightly, but it's neither necessary nor sufficient.
Thatβs a given and the fact that most megarich people donβt recognize this feeds back into them being assholes.
Unambiguously agree. They actually prefer being called evil to being called lucky.
Lotteries are no different than stepping on people. They have to buy into the process, but the amounts allocated from lotteries for education or other grants is outpaced by what is given up in prizes. And many lotteries engage in games and mechanisms to keep people in the feedback loop of pouring money in. It's a tax on the stupid and the poor.
True, but I wouldn't really hold the people that buy in responsible for each other's misery. They're doing it to themselves just as much.
I can't say that I agree. If lotteries don't bring in more money to fund public services than they pay out, then that's a failing of a political nature. That means it could be a failing of an entire state population if that state represents a democracy, or it could be a failing of a states corrupt political class if that state isn't a democracy. Regardless, it's not necessarily a corruption of the winner which I was referring to earlier. Additionally, I've heard the "tax on the stupid and the poor" concept multiple times before, and the level of condescension towards the lower class in a discussion about financial ethics has never sat right with me. It also ignores the entertainment aspect of playing the lottery. If we really want to do away with a tax on the poor as well as the foolish, then perhaps it's more important to end excise (AKA sin) taxes, but that's also beside the subject.
Money magnifies who you are. Iβm over the hump in wealth and I pay my people well, give to causes that matter to me, and follow my interests.
Inb4 somebody calls you a bourgeoisie parasite or something, since this is Lemmy.
At least on my behalf, thanks for commenting.
The weird thing is that people still believe in the trickle-down effect.
Musk is due to become the world's first recognised trillionaire. Putin was probably the first.
Very rich people are not philanthropic in any way that is noticeable.
Some of the royal families in the Gulf are also thought to be trillionaires.
My bad. Can imagine that too.
I mean, given that it's all speculation that's not really a mistake. I just thought it might be good to mention.
I would say "meaningful". Billionaires can have a very noticeable effect with their philanthropy, while making essentially no sacrifice on their part. The Gates Foundation does very noticeable good, but Bill Gates isn't giving of himself very much.
Yup.
OPs point stands, though, because we could still do that without Gates, and for every Gates there's a Musk that does evil and a ton of Arnaults and Bezos's that just spend it on whatever.
So what exactly would you propose he should do?
You invite my "billionaires shouldn't exist" TED talk.
So what exactly would you propose he would do?
Their harm is hidden and any benefits sung from the roof tops.
I've heard the maxim that money doesn't change who you are, but it amplifies. I think that tends to be true. However, the people you are exposed to in light of that money I think definitely can change who you are.
So yes, money can lead to corruption, but generally it's in an indirect way.
Source: trust me, bro.
This is the wrong question in my opinion. What is being corrupted? One's morals and ethics? The purity of the human soul? What is the nature of the corruption? Any time we start thinking about "purity" and "corruption" we are moving in dangerous ontological territory.
What is money? Well, it is a stand in for value. Then what is value? Where does it come from? Value comes from exchanging commodities in the marketplace. These commodities are created with human labor power, in other words, value is the crystalized time+energy that it takes on average to produce commodities. New value is created when a commodity costs less to produce than it can be sold for in the market.
In our current historical mode of production, capitalism, the labor that is used to mass produce a commodity is socialized, which means instead of a single craftsperson creating a commodity from start to finish, the production process is broken down and simplified so that it takes many workers to mass produce commodities, each worker specializing in their part of the production process, with the assistance of machines to speed up or simplify this process in order to be more productive.
In contrast, even though the production process has been socialized for the first time in human history, which was in it's time a progressive if cruel human advancement, the fruits of that production are privatized meaning that goods become the private property of the legal "owner" of the productive apparatus, who can sell those commodities to market for more than they paid to produce them, producing profit from the perspective of the capitalist, or surplus value from the perspective of the workers.
This creates distinct classes which is where we will interrogate the effect of money on the human spirit. There are the owners of capital, who have commodities to sell at the market and workers who have little or nothing to sell but their labor to the capitalist in a labor market. This can be taken even further: there are large capitalists who own a great deal of capital and exploit many workers, small capitalists who own a small among of capital and exploit a few workers (or maybe they even self-exploit,) intellectual or specialized labor that is able to demand higher value in the labor market, and simple or unspecialized labor who's labor can be easily replaced. A side effect of this creates another class: the unemployed or marginally employed reserve surplus population which can be used to threaten simple laborers with replacement hence driving down the cost of labor and increasing profits for the capitalist. The larger this reserve population, the lower wages can be made, and vice-versa.
Every atomized member of society is then thrown into competition with each other, with a very real threat of losing their class position, with the possibility of being thrown into the reserve population unable to find meaningful work that can support themselves and their family. A large firm can be gobbled up by a larger firm, and its specialized workers eliminated due to "redundancies". A specializrd worker can be replaced by another unspecialized worker who has the qualifications to do their job or some technological advancement transforms that role into unspecialized or less-specialized labor.
This competitive drive forces individuals to do whatever they can to maintain or increase their class position. If company A refuses to pollute the rivers for increased profit, but company B is willing to, this makes company B more profitable, forcing company A out of business, or acquired by company B; unless the board of directors of company A (pressured by gains-seeking investors) replaces the individual demurring eco-conscious executives with people who are willing to pollute for profit; unless some outside political force steps in to regulate the entire market, creating the necessity of a governing state to manage the market and resources, lest the whole system collapse into complete anarchy. Individual workers must remain "productive" such that they continue to create profit for their capitalists or risk replacement themselves, although they can always be replaced by technological advancements or monopolizing forces as discussed above. The reserve surplus population competes for their very survival or risks starvation, homelessness and death.
So now we have uncovered the forces that cause the "corruption" of money. There is a whole other thread we could pursue here that shows how this system abstracts things like "polluting a river" into numbers on a balance sheet, hiding these forces from anyone who might observe them, and lending a plausible deniability to anyone who would be responsible and hide the real lives of anyone who would be affected. I'll call this process objectification, which is a huge topic unto itself.
But in my opinion, what this system corrupts is the natural inclination for most people to cooperate with one another, and work creatively. When i recognizes that another person has subjective experience like me, I'll become more likely to identify and then help them if they need it, as I can relate my own experience to theirs. Our system creates cooperation through competition, since the drive of all productive relations is to pursue profit, the mechanisms of which I've already described. There is a constant objectification of the outside world as a function of this pursuit for profit and others which dehumanizes and keeps us in our little competitive consuming silos.
Tldr: does money corrupt? Yes, but it doesn't corrupt the individual so much as it corrupts the entire social superstructure that is inherent to a functioning society in which people can thrive and self actualize.
Edit: just one note on "objective fact". Object/subject duality is only one way to look at things, and in fact separating them out like this is a form of "corruption" in that it hides certain truths and leads to certain conclusions. While this has contributed to the development of many kinds of human scientific and technological advancement, we must also understand that all things concerning humans and their experiences need to be understood by unifying subject and object. Pure objectivity is as incomplete as pure subjectivity and while both are useful to increase our understanding we have to put the pieces back together to see the whole picture.
I grew up near an area where a large number high net worth people. For example as a kid I thought Lamborghini was a common car because I saw them all the time.
In my experience lots of money brings out your true self and let's you act the way you want. So if you are inclined to be self centered and an asshole you can be a massive asshole. You can also be generous and kind.
Most rich people are pretty normal. However the normal ones do try to not make it known that they are rich. So you often don't notice the normal rich people.
It's also hard to tell the difference between a person who lives on a 200k a year income and a person with a double digit millions net worth.
I had a friend as a teen. I invited him to go diving with me as he had never been. He showed up with a 20k wetsuite.
Most things emerge from complex systems.
"A causes B" or "B causes A" sounds tidy, but obscures the reality.
Even in a complex system, though, if something doesn't happen continuously it's bound to have characteristic conditions that precede it. Describing it as cause and effect is a function of language, then.
Both and a spectrum mix in-between. There are no simple answers to things.
Corrupt people will be attracted to money.
A lot of otherwise honest people will become corrupt if they see others being corrupt and getting away with money and prestige from it.
A few percent of people will never be corrupted.
I'd say it's this entirely. Honest people don't seek money, but if they see their peers getting grapes instead of cucumbers for literally no just cause, then that injustice cannot go unanswered unless they get their grapes too.
Interesting question! I think money can definitely attract people who are already shady, but it can also change people's behavior who might start off with good intentions. Plus, there's always the pressure to succeed, which can make folks bend the rules a bit. Guess it's a mix of both, depends on the person.