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SMP LeaderTalks

#81 | Toxic wealth?!

SMP LeaderTalks

19. February 2025

Georgiy Michailov meets Sebastian Klein

On inequality of opportunity, the dark side of philanthropy and heritage as a power factor.

1 h 02 Min

"This high concentration of wealth is increasingly becoming a problem for society."

Yesterday a multimillionaire. Today a staunch critic of the super-rich.
Sebastian Klein, guest of this SMP LeaderTalk, was part of the system that he criticizes today. Klein became a multimillionaire with the “Blinklist” app. But instead of amassing more and more money, he decided to donate 90% of his fortune.

"Extreme wealth is bad for the economy."

Klein calls for more equal opportunities and questions the narrative of meritocracy. And he analyzes why extreme wealth is not only harmful for our society, but above all for our economy.

"The market regulates everything - but not always well."

In this episode of SMP LeaderTalks, Sebastian Klein and Georgiy Michailov also talk about philanthropy, why the market fundamentally solves our problems and explain why he thinks gross domestic product is no longer fit for purpose.

*Video only in German

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