The Effective Altruist methodology is ostensibly a sober and reasonable philosophy, based on principles of empathy, impartiality, prioritization of resources, marginal thinking, open-minded truth seeking, and collaboration.
Sounds great!
But the practical upshot, from what I've seen discussed in EA threads on LessWrong, /r/EffectiveAltruism/, and other phil-bro forums where EA enthusiasists typically meet, is that Effective Altruism is based on the assumption that the world's experts are largely wrong in their assessments, so the world needs a generation of bold, audacious (and above all, extremely wealthy) Ayn Rand protagonists to step in with their billions of dollars to set things right.
It's essentially based on the "Great Man" theory, whereby the world's problems are not solved by communities of scientists and other experts who make lifelong careers out of studying those problems in great detail, including root causes, impact dynamics, and the relative economics of various solutions.
Instead, these self-identified "Effective Altruists" believe we should place the future of the world into the hands of wealthy, business-minded, self-interested dilettantes with a hero complex who take it upon themselves to decide what is best for everybody.
So in order to be part of this transformative über-class of platonic Philosopher-Kings, step one is to either have a lot of disposable income ready to go, or figure out some racket to acquire as much capital as possible in the shortest possible span of time in order to maxmize your effective potential.
To an outsider like me, it all looks a lot like a euphemistic excuse to pull out all the ethical stops in order to beg, borrow or steal as much wealth as possible as quickly as possible, on the pledge that at some arbitrary point you'll decide you have enough personal wealth to start giving back, and then switch over into "altruism" mode.
Sorry if I'm a little skeptical.
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