Making Sense with Sam Harris

#361 — Sam Bankman-Fried & Effective Altruism

73 snips
Apr 1, 2024
In this discussion, William MacAskill, an Oxford philosophy professor and a key figure in the Effective Altruism movement, delves into the fallout from the FTX collapse and its ethical implications for the community. They explore the complexities of 'earning to give' and the motivations behind Sam Bankman-Fried's actions. MacAskill reflects on how this scandal impacts personal beliefs and highlights the need for resilience within the movement. The conversation also questions the balance between ambition and ethical integrity in philanthropy and corporate behavior.
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INSIGHT

EA's Validity

  • Despite the FTX collapse, Sam Harris supports Effective Altruism (EA) principles.
  • He acknowledges a peripheral role in the community while expressing some misgivings about it.
INSIGHT

SBF's Mindset

  • Two theories about SBF exist: a cynical fraudster or a misguided altruist with unrealistic risk tolerance.
  • Will MacAskill leans towards neither, suggesting hubris and irrationality as the primary drivers.
ANECDOTE

FTX's Impact and Nature

  • FTX's collapse caused significant financial harm, including to a Ukrainian refugee and a father of four.
  • However, customer funds were primarily misused and invested, not simply lost in bad trades, unlike a Ponzi scheme.
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