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Daniel T's avatar

First, danke for the plug.

Second, I enjoyed this. It articulates well a lot of my problems with EA and the rationalist movement - two things I should note that I'm actually broadly sympathetic to and actually do have a lot of value, even if I am uncomfortable with a lot of the particulars.

At the risk of filling your comments section with too many words, I'll boil them down to this. Long before Scam Bankman Fried I found the earn to give concept troubling for a simple reason: I've read history. I know the selling of indulgences when I see it. No one is more susceptible to religion than the devoutly irreligious.

But my overall difficulty with the rationalist movement is the simple truth that it doesn't matter how smart you are if you're not as smart as you think you are.

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Shoveltusker's avatar

"SBF, for example, donated millions to candidates on both sides of the aisle, essentially canceling out his donations’ impact..."

I think the SBF political donations were not so much about helping any particular politician win re-election—more like getting politicians and PACs (on either side of the aisle) to support legislation that was favorable to SBF's crypto empire. His $40 million for Democrats is a matter of record; he says he contributed a similar amount to Republicans in "dark" money, and he did that because "reporters freak the f___ out" (SBF quote) when anyone donates to Republicans.

So really, if SBF was attracting investors to Bitcoin by appealing to EA sentiments, what was actually happening is that their investments were buying political favors that made Bitcoin more profitable. Which, I guess, in a roundabout way would make more money available for SBF's EA ventures. In theory.

A cynic might look at all this and imagine that all this EA stuff was a marketing ploy—not that some substantial chunk of investor money didn't go to EA and do some charitable good, but that a much more substantial chunk went to political graft and funding lifestyles of the rich and famous.

Anyway, great post. I always think of something my mother used to say: "Charity begins at home". I have a general distrust of large, remote charitable institutions with lots of overhead, even as I recognize that all of them are having some degree of positive effect. It is the nature of institutions and the humans who operate them to eventually prioritize self-dealing.

So, I donate money and time to local things.

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