A lot of people have complained about this, and misunderstood it. I don't think I've ever seen anyone really properly explain it. But there's a very good reason why Celestia is not all that powerful, and why people like Chrysalis can defeat her.

The central theme of Friendship is Magic is, if anything, true strength and power comes from your connections with others. You might be great and powerful on your own, but the power of many will always overwhelm the power of one strong person.

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