Well, slave owners make tons of profit. You would tolerate slavery in your society?
As far as ethics goes, it's wrong to enslave people not because it's "exploitative" but because it's a violation of self-ownership.
Slaveowners profit for themselves, but it doesn't mean it's in their long-term interest to enslave people.
It's also wrong not to strive toward prosperity too. If you want to alleviate human suffering, you need an efficient economy.
I still don't understand "exploitation".