You got the power to let power go?

from Kanye West (Ft. Dwele) – Power Lyrics on Rap Genius

Meaning

He is saying that true power is self-control and the power (ability) to give up/surrender power.

Those that feel they are powerful are actually at the mercy of the people and things that give them power. It takes true power to accept that you’re not a God and give up the illusion of power/ control.

Ye has got the power, anyway, but he won’t stand there proudly, he will try to go further and further, even if he has to let his ego away for this. He has to recognize that he is not at his top, to climb. “Can we get much higher ?” is finally the main point of this whole album.

The ‘beautiful death" referenced in the last two lines could be figurative (resigning oneself/ giving up power) or literal i.e. actually dying.

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