70 sats \ 3 replies \ @SimpleStacker 31 Oct \ on: How FTX’s Young Executives Shattered Their Parents bitcoin
Good. SBF's mom is especially egregious because she positioned herself as the key proponent of a fraudulent philosophy known as "effective altruism"
All recent college graduates, they bonded over a shared commitment to effective altruism — a philanthropic movement that calls on young people to donate most of their money to charity.
A very charitable description given by the writer of the article~~
But remind me why is it fraudulent?
The idea is to make as much money as possible to donate it, right?
Does it entail making as much money as possible, no matter what (hence the use of the fraudulent qualificative in your description?)? Or does it refer to the fact that most followers of this movement don't practice what they preach, i.e. live a lavish life in the Bahamas while getting tax advantages by donating to charity?
Genuinely asking, never really looked into the details...
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This is just my personal opinion, but I have two criticisms:
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It rests on faulty assumptions about the possibility of moral/ethical neutrality which can be somehow determined scientifically. In practice, it is a tool for moving power into the hands of those with "expert" credentials to determine what is good policy and what is not.
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It is too easily used as a veneer for people to hide their selfish behavior / selfish intentions behind public acts of charity.
It reminds me of Jesus's saying in the book of Matthew:
Beware of practicing your righteousness before other people in order to be seen by them, for then you will have no reward from your Father who is in heaven. Thus, when you give to the needy, sound no trumpet before you, as the hypocrites do in the synagogues and in the streets, that they may be praised by others.
Oftentimes, the veneer of virtue that charity imparts can actually lead people to worser behavior in their private lives. I've heard this first hand from some friends who work in the non-profit/NGO space. (Though this is more a criticism of any kind of non-profit/charity/activism, and not necessarily a criticism of effective altruism per se.)
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I believe it was
effective autismreply