Modern societies have granted capitalists the right to profit, but cannot extract from them a duty to invest, specifically during times of economic recessions. In contrast, workers have no right over the very aspect of spending — investments — that affects their employment and living standards

The lavish and extended wedding celebrations of billionaire Mukesh Ambani’s youngest son has brought to the forefront the question of “conspicuous consumption” of the rich. In a capitalist society beset by high levels of inequality, how do we make sense of such displays of private wealth by the elite? Does billionaire consumption in an unequal society hinder or aid economic expansion? What are some of the ethical and economic issues involved? The issues discussed here do not pertain solely to the Ambanis, but attempt to tackle some broader questions regarding the question of private consumption by the rich.