Wealth and Social Responsibility
Webcast Q&A: Sunday, 22 May 2011, Question 6
In the live broadcast of Philosophy in Action Radio on 22 May 2011, I answered a question on wealth and social responsibility.
Doesn't greater wealth entail greater responsibility? If you have amassed a great fortune, don't you also have to shoulder a greater responsibility to society and your fellow man than others? After all, success in business doesn't occur in a vacuum: it always depends on the community to some extent. People like Michael Bloomberg or George Lucas know that they would not be where they are today without some pretty significant assistance from others. So shouldn't they assume more responsibility for their fellow man than others?
My Answer, In Brief: The person who has amassed much wealth has done so by offering people much-valued products and services in voluntary trades. He does not become the keeper of humanity thereby.
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- Duration: 3:20
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About Philosophy in Action Radio
I'm Dr. Diana Hsieh. I'm a philosopher specializing the application of rational principles to the challenges of real life. I received my Ph.D in philosophy from the University of Colorado at Boulder in 2009. My dissertation defended moral responsibility and moral judgment against the doubts raised by Thomas Nagel's "problem of moral luck."
My radio show, Philosophy in Action Radio, broadcasts live over the internet on Sunday mornings and Wednesday evenings. On Sunday mornings, I answer four meaty questions applying rational principles to the challenges of real life in a live hour-long show. Greg Perkins of Objectivist Answers co-hosts the show. On Wednesday evenings, I interview an expert guest about a topic of practical importance.
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