Video: Responsibility and Wealth

 Posted by on 25 May 2011 at 7:00 am  Business, Ethics, Videocast
May 252011

In Sunday’s Rationally Selfish Webcast, I answered the following question about wealth and responsibility from Objectivist Answers:

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?

Here’s my brief answer, now posted to YouTube:

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