Categories
2021 Abstracts Stage 3

A Philosophical Analysis of the Existence of Billionaires in Today’s Economic Climate

Libby Brown, 2021, Stage 3

This project is a philosophical analysis of the existence of billionaires in today’s economic climate. In today’s society, there is an ever-increasing number of billionaires. Meanwhile, there is also a large number of people living in poverty. Many of the wealthiest people today, such as Warren Buffett and Bill Gates are considered to be philanthropists due to their many charitable actions. Although it is undeniable that these actions are more significant than those of many other billionaires today, it still seems that this is simply not enough in today’s economic climate. This project will aim to understand if there is an alternative to the way society is structured. Firstly, we must consider whether the human desire to have an excessive amount of wealth is something that is fundamental to human nature, or whether we are conditioned by society to think this way. In order to do this, I will consider Thomas Hobbes’ account of man in the state of nature to understand how man is naturally greedy. I will also consider the Marxist critique of capitalism to understand how society conditions us to believe that we are in a state of scarcity and need to work for new symbols of exchange. After fulfilling this research, I will conclude that it is within our human nature to be greedy animals, wanting an abundance of goods, and the society we live in simply facilitates this need. It will then be important to consider how the goods within society could be distributed in order to account for this inherent greed. I will discuss the ideas of John Rawls and Robert Nozick on distributive justice. I will present the ideas of Rawls which seem to be commendable, however Nozick’s critique of Rawls will show that it would be impossible to remain in a state of equal distribution without sacrificing individual liberty – a higher order good. Overall, the project will highlight that wealth is a central element of society today, and the only way to account for the inequalities we see is to diminish liberty; a conflict which is unresolvable.

Leave a Reply