I’m fond of effective altruists. When you meet one, ask them how many people they’ve killed.
Effective altruism is the philosophy of Sam Bankman-Fried, the crypto wunderkind due to be sentenced tomorrow for fraud and money laundering. Elon Musk has said that EA is close to what he believes. Facebook mogul Dustin Moskovitz and Skype cofounder Jaan Tallinn have spent mega-millions on its causes, and EAs have made major moves to influence American politics. In 2021, EA boasted of $46 billion in funding—comparable to what it’s estimated the Saudis spent over decades to spread Islamic fundamentalism around the world.
Effective altruism pitches itself as a hyperrational method of using any resource for the maximum good of the world. Here in Silicon Valley, EA has become a secular religion of the elites. Effective altruists filled the board of OpenAI, the $80 billion tech company that invented ChatGPT (until the day in November when they nearly crashed the company). EA is also heavily recruiting young people across rich universities like Stanford, where I work. Money is flowing from EA headquarters to entice students at Yale, Columbia, Berkeley, Penn, Swarthmore—if you went to a wealthy school, you’ll find EAs all over your alma mater.
Before the fall of SBF, the philosophers who founded EA glowed in his glory. Then SBF’s crypto empire crumbled, and his EA employees turned witness against him. The philosopher-founders of EA scrambled to frame Bankman-Fried as a sinner who strayed from their faith.
Yet Sam Bankman-Fried is the perfect prophet of EA, the epitome of its moral bankruptcy. The EA saga is not just a modern fable of corruption by money and fame, told in exaflops of computing power. This is a stranger story of how some small-time philosophers captured some big-bet billionaires, who in turn captured the philosophers—and how the two groups spun themselves into an opulent vortex that has sucked up thousands of bright minds worldwide.
The real difference between the philosophers and SBF is that SBF is now facing accountability, which is what EA’s founders have always struggled to escape.
If you’ve ever come across effective altruists, you’re likely fond of them too. They tend to be earnest young people who talk a lot about improving the world. You might have been such a young person once—I confess that I was. A decade before the founding of effective altruism, I too set out to save the world’s poorest people.
I grew up like today’s typical EA. White, male, a childhood full of Vulcans and Tolkien, Fortran and Iron Man. I went into philosophy because it felt like a game, a game played with ideas. In 1998, with a freshly minted Harvard PhD, I was playing with the ideas of Peter Singer, today’s most influential living philosopher.
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