Wealth and Social Responsibility
Webcast Q&A: 22 May 2011, Question 6
I answered a question on wealth and social responsibility for Philosophy in Action Radio on 22 May 2011. You can listen to or download the podcast segment below – or check out the whole episode.
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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About Philosophy in Action
I'm Dr. Diana Hsieh. I'm a philosopher specializing in 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 book, Responsibility & Luck: A Defense of Praise and Blame, is available for purchase in paperback, as well as for Kindle and Nook. The book defends the justice of moral praise and blame of persons using an Aristotelian theory of moral responsibility, thereby refuting Thomas Nagel's "problem of moral luck."
My radio show, Philosophy in Action Radio, broadcasts live over the internet on Sunday mornings and most Thursday evenings. On Sunday mornings, I answer 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 Thursday evenings, I interview an expert guest or chat about a topic of interest.
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