Part 5/8:
Darren Camp went further to discuss the ethical implications of billionaires existing in a world of inequality. He argued that the mere existence of significant wealth while many suffer impoverishment poses ethical dilemmas that need to be addressed.
The Role of Capitalism
The concept of ‘late-stage capitalism’ was also a vital part of the conversation. Many, including Pavlovitz, reflected on how markets and labor have globalized, resulting in wealth disparity that is becoming increasingly recognizable. The notion is that as capitalism progresses, wealth becomes ever more concentrated in fewer hands.