A more cynical defense is that someone is going to do the hedge fund job anyway, and the downsides of that job existing will be basically the same (maybe a tiny bit less if the replacement were ever so slightly less qualified).
On the other hand, the replacement in the role of “wealthy person” will likely spend little on charitable endeavors, and even then often less effective ones.
So one could argue that a job could be net negative on the whole—and yet that the most positive thing a person could do is fill it, to at least extract the positives it offers effectively! (Not opining here on whether hedge funds are net positive or negative, too far out of my knowledge base).
A more cynical defense is that someone is going to do the hedge fund job anyway, and the downsides of that job existing will be basically the same (maybe a tiny bit less if the replacement were ever so slightly less qualified).
On the other hand, the replacement in the role of “wealthy person” will likely spend little on charitable endeavors, and even then often less effective ones.
So one could argue that a job could be net negative on the whole—and yet that the most positive thing a person could do is fill it, to at least extract the positives it offers effectively! (Not opining here on whether hedge funds are net positive or negative, too far out of my knowledge base).