The Coercive Power of Money

The Webster’s New Collegiate dictionary defines ‘to coerce‘ as ‘to compel to an act or choice’, or ‘to restrain or dominate by nullifying individual will’. We all have some kind of idea of what it means to coerce someone: to force someone into doing something they don’t necessarily want. When I hold a shotgun to your head, and tell you that you should give me your iPhone, that could very well be interpreted as an act of coercion. But there are also more subtle acts of coercion. If you told me a secret, and we would get into a fight, I could force you into doing something by threatening to make pubic your secret. But there are even more subtle acts of coercion. Acts that all of us experience on a daily basis. And the leading actor in this play is omnipotent and all-known: it is Mister Money himself.

Where does voluntary engaging in a deal stop and coercion start? When you offer me 300 dollars for me to repair your car, I could voluntarily decide whether or not to accept your offer. I might feel forced to do so, since I am short on money, but I am still able to compare the pro’s and con’s of your offer and come to a rather autonomous decision. It becomes a different story when I am an employee of a car repairing firm where you turn to for getting your car fixed. In that case I have no vote in deciding whether to accept your offer. That’s the boss’ decision: I just have to do as he says. But you could still claim that I voluntarily decided to go work for the company, so in that sense my ‘forced decision’ to repair your car would still be voluntary. Note that you could doubt these two examples of ‘voluntary’ action by claiming that, although in theory I might have decided whether to take the job or not, in practice I was more or less obliged to do so. I might have needed the money in order to stay alive, which could have forced me into accepting the job. But Iet’s not focus on that.

Because I want to provide you with a different case, and that is the following: imagine that a big construction company decides to build an apartment block next to where you live. Now I ask you: how much of a choice do you have in accepting this deal? Not much, right? Even though you aren’t offered any money, or anything for that matter, you are still supposed to accept the company’s plans. You have no authority at all. Your ‘individual will is nullified’ by the domination of the construction company. Thus it seems that money can force you into accepting an offer. That is, when parties engage in a deal, even though this deal might be executed voluntarily by the offering and accepting party, the will of other parties is rendered irrelevant. It’s nullified. And although this might not be a big issue if the deal is relatively small (like your neighbor buying a new car), the consequences can be much more severe when the parties involved are big and powerful (like the construction company and the government).

So it seems that money truly is power: coercive power.

But what do you think?