It's practically a hacker axiom. Money matters, but changing the world is what really matters. Money is just a way to be able to work on changing the world without having to worry about keeping the rent paid.
Money and power are (in most cases) synonyms though.
Converting money into power isn't hard - if you had $100m you could direct a lot of people to your own ends. The fact that most people expend this power on making more money is a correlation not a cause.
Equally converting power into money is trivial, with just a few megawatts available and some crocodile clips you can get almost any banker to agree to hand over his cash ;)
More classical management classes (yes I took one, no I'm not a manager) tell you people are interested some set of Money, Power and Prestige.
1) Money. It lets you buy stuff. It may let you buy power and prestige, but this is a secondary thing. Money heavy jobs: Bankers, stock brokers, oil tycoons.
2) Power. Power is the ability to get other people to do what you want. Power heavy jobs: Managers, Heads of State, Mob bosses, evil villains.
3) Prestige. This is how much respect you have from others and the quality of your reputation. Prestige heavy jobs: Professors, lead scientists, philanthropists.
Nobody works for just one of those, and you can sacrifice one for the others. When you work in a company and reviews come around you're given; a raise that tickles your money itch, a promotion that tickles your power itch, and awards that tickle your prestige itch. Or at least that's the theory, and I tend to think it's a decent approximation.
I see power a bit differently. Power is one's ability to affect the world. "Getting other people to do what you want" doesn't really cut to the core of the matter.
Jobs and Wozniak, Gates, Torvalds, Brin and Page, these people are all quite well off financially (to say the least). But that's not what's impressive about them, at least, not to me. They've all had a huge effect on the way that our world runs.
Clearly, there is a link between money and power---money buys power, and power can be turned into money---but they're quite not the same thing. Money can only affect the world by getting people to do things in exchange for it. Someone who makes a billion dollars through wise investing is not the same kind of animal as someone who foresaw a major shift in society and had the moxy and brains to push it forward.
Also in this power list are people like Tim Berners-Lee, Djikstra, and Knuth. The kind of power that politicians have seems transient and shallow by comparison. In 10 years, George Bush will be just another ex president who threw his army around. TBL's place in history will be relevant in 1000 years.
In the context I was taught power had that very specific meaning. In this specific meaning money isn't power (though it can buy it), and money isn't prestige (though it can buy that too, see billg). In this definition, Bush has lots of power, and almost no prestige. Prestige on the order that Djikstra, Knuth, Turing, etc. have tends to last much longer than the people who earned it. Money and Power have almost no meaning beyond your lifetime.
If you follow the narrow definitions of the course, things tend to fall in place fairly cleanly.
One of the things that makes me wary of this model is that you can buy one for another. To be truly elemental of what people want you wouldn't be able to buy one for the other. You can't exchange lead for gold no matter how much lead you throw at the problem. This leads to confusion about what is what.
If you can buy power with money doesn't that make them interchangeable? Well yes, but that's not the point. Well what's the point? People tend to crave power money and prestige. But can't you buy power with money? ... And the cyclical argument continues :)
Well, that's just it. The kind of power that I think hackers crave is the kind that you can't buy with money.
Even if you had billions of dollars to throw at the problem, you could never be as relevant a figure in shaping the face of technology as Turing or von Neuman were. They created the ideas that are at the very core of so much that we do. You can't invent something again, and money isn't the tool you use to invent stuff :)
The shallow, transitory sort of power certainly can be bought. You can use money to make people do things. But you can't think with money, so it doesn't give you the power to have powerful thoughts, and THAT'S what changes the world.
That kind of power can obviously be turned into money, though.
It's practically a hacker axiom. Money matters, but changing the world is what really matters. Money is just a way to be able to work on changing the world without having to worry about keeping the rent paid.
Thanks for sharing this.