Category Archives: Effective Altruism

It is immoral to condemn the player but decline to investigate the game.

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Context: Sadly, FTX

FTX defrauded users in a way that is normal for cryptocurrency. But the FTX fraud is a function of the normal system working normally. Like ordinary financialized firms, FTX grew by making leveraged promises. Spotty regulatory attention to cryptocurrency gave it sufficient legal cover to make it easy for people to speculate on it, while effectively allowing participants puff up a speculative bubble by engaging in more aggressive leverage than is tolerated in other areas, often shading into overt fraud.

If you were to randomly audit the books of institutions run by people who look from the outside like Bankman-Fried did prior to the FTX blowup, the level of shenanigans he engaged in would not look like an outlier; his ability to do unusual things with a disproportionate amount of capital was approximately titrated to his willingness to take on liability, i.e. borrow more than he could pay.

I do not have a strong opinion on whether South Africa's Truth and Reconciliation Commission was too merciful, but I do not think anyone can legitimately think that it was not merciful enough; amnesty extended to those who have not yet confessed, and continue to occupy positions of power that can choke off their critics' access to resources and attention, is not part of a reconciliation, but license to continue to offend. If the investigation of the FTX fraud goes no farther than the individual at its nominal head, then it is extending such a license to those who created and endorsed the system in which Bankman-Fried was trying to do the right thing.

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Oppression and production are competing explanations for wealth inequality.

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You would like to go to the beach tomorrow if it's sunny, but aren't sure whether it will rain; if it rains, you'd rather go to the movies. So you resolve to put on a swimsuit and a raincoat, and thus attired, attend the beach in the morning and the movies in the afternoon, regardless of the weather. Something is wrong with that decision process,* and it's also wrong with the decisions made by many supposedly systemic approaches to philanthropy: it does not engage with real and potentially resolvable uncertainty about decision-relevant facts.

Different popular philanthropic programs correspond to very different hypotheses about why people are doing wealth inequality, much like swim trunks and a trip to the movies represent different hypotheses about the weather. Instead of working backwards from the proposals to the hypotheses, I will lay out what I think are the two main hypotheses worth considering, and reason about what someone might want to do if that hypothesis were true. This is not because I want to tell you what to do, but to clarify that any time you think that something in particular is a good idea to do, you are acting on a hypothesis about what's going on.

The ideas of charity and philanthropy depend on the recognition of inequality; otherwise it would just be called "being helpful." The persistence of wealth inequality, in turn, depends on many people working together to recognize and enforce individual claims on private property.

If the mechanism of private property tends to allocate capital to its most productive uses, then incentives are being aligned to put many people to work for common benefit. But if wealth does not correspond to productive capacity - i.e. the people with the most are not those best able to use it - then, assuming diminishing marginal returns to wealth, coordination towards persistent wealth inequality comes from a self-sustaining misalignment of incentives, i.e. conflict.

The economic ideology taught in introductory microeconomics courses, which is assumed by many formal analyses of how to do good at scale, including much of Effective Altruist discourse, tends to make assumptions consistent with the means of production hypothesis, so if we are considering making decisions on the basis of that analysis, we want to understand which observations would falsify that hypothesis, and which beliefs are incompatible with it.

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Parkinson's Law and the Ideology of Statistics

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The anonymous review of The Anti-Politics Machine published on Astral Codex X focuses on a case study of a World Bank intervention in Lesotho, and tells a story about it:

The World Bank staff drew reasonable-seeming conclusions from sparse data, and made well-intentioned recommendations on that basis. However, the recommended programs failed, due to factors that would have been revealed by a careful historical and ethnographic investigation of the area in question. Therefore, we should spend more resources engaging in such investigations in order to make better-informed World Bank style resource allocation decisions. So goes the story.

It seems to me that the World Bank recommendations were not the natural ones an honest well-intentioned person would have made with the information at hand. Instead they are heavily biased towards top-down authoritarian schemes, due to a combination of perverse incentives, procedures that separate data-gathering from implementation, and an ideology that makes this seem like the natural and normal thing to do.

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When to Reverse Quarantine and Other COVID-19 Considerations

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A lot of people in my social network have been trying to track news about the new coronavirus, COVID-19, which seems like a global pandemic that's going to kill a lot of people. I've found some of this overwhelming and difficult to figure out how to use, until I sat down with a few friends, over the phone, and worked out a simple analytic framework for thinking about some basic decisions.  Continue reading →

Approval Extraction Advertised as Production

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Paul Graham has a new essay out, The Lesson to Unlearn, on the desire to pass tests. It covers the basic points made in Hotel Concierge's The Stanford Marshmallow Prison Experiment. But something must be missing from the theory, because what Paul Graham did with his life was start Y Combinator, the apex predator of the real-life Stanford Marshmallow Prison Experiment. Or it's just false advertising.  Continue reading →

Towards optimal play as Villager in a mixed game

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On Twitter, Freyja wrote:

Things capitalism is trash at:

  • Valuing preferences of anything other than adults who earn money (i.e. future people, non-humans)
  • Pricing non-standardisable goods (i.e. information)
  • Playing nicely with non-quantifiable values + objectives (i.e. love, ritual)

Things capitalism is good at:

  • Incentivising the production of novel goods and services
  • Coordinating large groups of people to produce complex bundles of goods
  • The obvious: making value fungible

Anyone know of work on -

a) integrating the former into existing economic systems, or
b) developing new systems to provide those things while including capitalism's existing benefits?

This intersected well enough with my current interests and those of the people I've been discoursing with most closely that I figured I'd try my hand at a quick explanation of what we're doing, which I've lightly edited into blog post form below. This is only a loose sketch, I think it does reasonably precisely outline the argument, but many readers may find that there are substantial inferential leaps. Questions in the comments are strongly encouraged.

Any serious attempt at (b) will first have to unwind the disinformation that claims that the thing we have now is capitalism, or remotely efficient.

The short version of the project: learning to talk honestly within a small group about how power works, both systemically and as it applies to us, without trying to hold onto information asymmetries. (There's pervasive temptation to withhold political information as part of a zero-sum privilege game, like Plato's philosopher-kings.) Continue reading →

Should Effective Altruism be at war with North Korea?

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Summary: Political constraints cause supposedly objective technocratic deliberations to adopt frames that any reasonable third party would interpret as picking a side. I explore the case of North Korea in the context of nuclear disarmament rhetoric as an illustrative example of the general trend, and claim that people and institutions can make better choices and generate better options by modeling this dynamic explicitly. In particular, Effective Altruism and academic Utilitarianism can plausibly claim to be the British Empire's central decisionmaking mechanism, and as such, has more options than its current story can consider.

Context

I wrote to my friend Georgia in response to this Tumblr post.

Asymmetric disarmament rhetoric

Ben: It feels increasingly sketchy to me to call tiny countries surrounded by hostile regimes "threatening" for developing nuclear capacity, when US official policy for decades has been to threaten the world with nuclear genocide.

Strong recommendation to read Daniel Ellsberg's The Doomsday Machine.

Georgia: Book review: The Doomsday Machine

So I get that the US' nuclear policy was and probably is a nightmare that's repeatedly skirted apocalypse. That doesn't make North Korea's program better.

Ben [feeling pretty sheepish, having just strongly recommended a book my friend just reviewed on her blog]: "Threatening" just seems like a really weird word for it. This isn't about whether things cause local harm in expectation - it's about the frame in which agents trying to organize to defend themselves are the aggressors, rather than the agent insisting on global domination.  Continue reading →

Talents

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For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath.
- The Gospel according to Matthew

r > g
-Thomas Piketty, Capital in the Twenty-First Century

From Jesus to Piketty, it is a commonplace that wealth is a positive feedback loop.

Under one model, differential ability to steward capital, plus compounding gains, implies that perfectly benevolent people with more money than most should keep it more often than a naive expected utility maximization would suggest. On the other hand, conquering empires also experience compounding gains; the ability to leverage force into more force implies that this is a harmful positive feedback loop.  Continue reading →