Why does The Economist consider this the most important issue this week, in a world of complex problems, to splash its first leader on (and more than one page long too)?
Oof, that one hit close to home.
https://www.economist.com/by-invitation/2026/10/04/will-maca...
We should tax the shit out of them, if only to reduce the unelected power their wealth buys.
Just like we should tax the shit out of the non-EA ultra wealthy.
We can have a democratic society or we can have the concentration of great wealth in the hands of a few. We cannot have both.
There is something to be said about how we sometimes fail to account for the effectiveness of ineffective altruism.
If someone's really passionate about putting up healthy living posters and shifting the cost of CPR education from healthcare providers, more power to them! But my guess is that most AHA donors don't know or ask what exactly their donations are accomplishing.
It's the EA people who generalize from AHA to make grand ethical claims that lead to absurdity.
The whole concept of it is a scam.
My best they are just people trying to donate money to effective charities like mosquito nets in Africa. At worst, some might be wasting their money on animal welfare or AI safety. This doesn't seem like enough to fuel the kind of backlash I see.
'The Effective Ventures Foundation (EVF), which defines effective altruism as “using evidence and reason to figure out how to benefit others as much as possible”, decided £14.9m of its cash would be best spent buying Wytham Abbey, a 15th-century Grade-I listed manor house near Oxford.'
There were a lot of explanations about why that was the most effective use of funds, but every single one reads like motivated reasoning to me.
Examples like this abound.
Second, EA is a small movement with an above average amount of crazy people (IE someone who does think you should make as much money as possible at any cost), who then basically monopolize the media attention. This then feeds into the first component.
EA is in a fairly bad spot where nobody seems to be really attempting to understand it or meaningfully engage with it's ideas, instead just parroting the same few talking points (SBF anyone?)
However, there's some who predict an existential future risk such as an AI apocalypse. If that's the case, why save a child's life today when we'll all be killed by AI tomorrow? Critics would call this funding pet projects rather than altruism.
But you can even further down this line of thinking. If you're a billionaire and see yourself as the only hope of saving humanity from extinction, why donate any of your wealth? You should be doing the opposite, gathering as much wealth and power as possible. Taxes and laws that get in your way are impediments to the salvation of humanity.
I'm pretty sure most of the criticism is for folks in the latter groups. I wish there were different words to distinguish them better, because I like the idea of encouraging charity but somehow a handful of billionaires have poisoned the word altruism.
Edit: Also weird nerds.
Can you give an example of this kind of person?
Cause somehow their idea of best altruism ends up amounting to "earn as much money and power with little regard to how, because so that you can use them for good in the future in a very top down way".
Effectively, it is very swlf serving.
For our first bold conclusion we have determined that all of the world's money should be in the hands of people with big brains who intend to draw bold conclusions about the most effective use of money, without the burden of conventional wisdom.
This concludes the planning phase. There will be an additional planning phase once we've collected all of the money, we promise.
"Sorry I can't it's unethical to give more to you just because you are closer to me, I need to do some excel sheets and maximize my mosquito net donations to africa."
Bluntly, I trust Jesus more than them. And in Luke 16:10, Jesus said, "One who is faithful in a very little is also faithful in much, and one who is dishonest in a very little is also dishonest in much."
I'd wager that it's simply the government wanting absolute power (as it should) and going after misaligned oligarchs.
So, effectively, power struggles in circles beyond our reach.
Arguably a good thing that the government would eventually try to claw back power there, given that in theory, it's democratically elected and all.
That's what is meant by "absolute power"
Mind you, I don't want the effective altruists to have the kind of power they seem to want, either...
I feel like there is this weird thing where people will criticize people who do charity work in not quite the right way (from the criticizers perspective), but are totally fine with people who just use their money to buy a yacht.
I'd much rather have people spend their money on feeding the hungry, even imperfectly then spending it on other pursuits.
I sometimes wonder what the critics of EA are doing to eradicate the ills of the world or even their local community. Is it more than what EA is doing? If not, i'd say those in glass houses should be wary of throwing stones.
Are they? To what degree are they? And to what degree are they not helping the hungry today, in order to amass more money so that they can in theory help the hungry more tomorrow?
I can respect someone like Bill Gates. He hasn't been perfect, not by a long shot, but he's put real money into really trying to help real problems. What's the track record of the effective altruists? (Genuine question - I haven't researched them enough to know.)
Is that the standard you hold everything to?
Read what Chomsky has to say about postmodernism.
Look at the evolution of 'String Theory'. Thousands of PhDs minted in something that may have no relevance to anything. A 'nice try' but with a lot of budget.
Look at Scientology / Dianetics (that one is pretty hard).
'Movements' are almost always about the 'Movement', and the ideology often seems to take a back seat.
The 'Movement' is something almost nominal to rally around, that helps create a 'form' for a loose consensus.
It inspires some people to act as though they are doing something for a 'greater good' (whether they are or not), and for leaders to dereference their apparent authority towards that greater ideal.
Imagine if all of these 'ideas' were just left as 'ideas' or maybe 'ideals' and that's that - and there were no groups, meetups, nobody really publicly 'aligned' with them or signalled their participation.
Then we'd have a better notion of what these ideas really hard.
But in reality, they are 'social movements', groupings, ways for people to signal their special merit or alignment.
It's social politics. Red v Blue. Bloods v Crips. Insiders v Outsiders. Specials v Normies. Nobility v Plebes. Citizens v Slaves.
It gets problematic when the groups get power, people believe in their own gibberish, people places all of their faith in group leaders even when actions by the group defy the nature of the movement itself.
"We're breaking the rules of finance and stealing from people because 'we're the good guys', right? Everything we do is in the name of ... 'good' ... so we can do pretty much anything". etc.
Look at it first through the lens of the social organization, then separately through the lens of ideals.
While it’s probably something prosaic as “Anthropic pays the most lip service to EA, this makes them look bad” or “Our employees are leaning EA and it’s causing problems, things would be easier if they were too embarrassed to admit they were EA”, I do wonder - the board member who instigated the firing of Sam Altman from OpenAI does happen to be a long-time effective altruist…