Clearer Thinking with Spencer Greenberg What should the Effective Altruism movement learn from the SBF / FTX scandal? (with Will MacAskill)
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Apr 15, 2024 Will MacAskill is an associate professor in philosophy at Oxford and a co-founder of several effective altruism nonprofits. He delves into the FTX scandal, dissecting its implications for the effective altruism movement. Topics include the psychological traits of Sam Bankman-Fried, the dangers of naive utilitarianism, and the need for improved governance in philanthropy. MacAskill also reflects on trust issues within the movement and the complexities of moral decision-making, advocating for a shift towards decentralization and ethical oversight, especially in light of rapid AI advancements.
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MacAskill's First Encounter with SBF
- Will MacAskill first met Sam Bankman-Fried (SBF) in 2012 after a talk in Boston.
- SBF, raised in a consequentialist household, expressed interest in effective altruism (EA) and earning to give.
Early Alameda Dispute Foreshadowed FTX Issues
- The 2017 Alameda Research management dispute foreshadowed later issues at FTX.
- Accusations of recklessness and mismanagement against SBF emerged, raising concerns.
Alameda and FTX Thrive Despite Early Concerns
- Despite early concerns, Alameda and FTX thrived, gaining investments from leading VCs.
- Former Alameda employees, initially critical of SBF, even invested in FTX, suggesting changed perceptions or SBF's maturation.
