Joicho Ito: Payer Power

Posted by admin on Wednesday, November 27, 2013

Joichi Ito Money Quotation saying power is held by the banker, the employer and the lender of cash and we are dependent on each of them until we aren’t. Joichi Ito said:
 
Money creates a power relationship between the payer and the payee Quote
 

“Money creates a power relationship between the payer and the payee” — Joichi Ito

 

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In this quote, Joichi Ito is pointing out that the exchange of money in a transaction creates an inherent power dynamic between the two parties. The person or entity providing payment gains a position of influence over the recipient of funds.

Ito suggests that the “payer” is able to exert control and set expectations by virtue of their financial support. The “payee” meanwhile enters a relationship where they rely on and must consider the interests of the source of their compensation.

The quote acknowledges that money introduces an aspect of power, control and dependence between individuals or groups even in voluntary, agreed upon exchanges.

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