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11min chapter
Money Talks: Under the Spell of Someone Else’s Wealth
Slate Money
The Complex Interplay of Wealth and Power
This chapter examines the intricate relationship between wealth, power, and leadership through the lens of Michael Bloomberg's time as Mayor of New York City. It highlights the psychological advantages of wealth while reflecting on the societal and personal implications for those entwined with extreme affluence. Additionally, the chapter critiques the assumption that financial success translates to competency, especially in governance, and explores the dynamics of loyalty and dependency in employer-employee relationships.
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