2min chapter

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#72 - Toby Ord on the precipice and humanity's potential futures

80,000 Hours Podcast

CHAPTER

Is There a Big Market Failure?

There are a lot of reasons to suggest a kind of market failure whereby the governments put in a tiny fraction of the work that they optimay h put in. For example, where we are now, has about one % of the world's people in it. And so only if we do something te lower exetentian risk, we only cand recoup one% of the benefits for british citizens who ware normally e people they are talking about when they rent doing their budget. But you might say it's still big enough though, that we'd really try it would be sufficient. That could be right. Soat im merely claiming that here, that we'll undervalue it by

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