by Rachel Robison-Greene

When people think about what it is to live a successful life, they often think about finding a good job that pays a respectable salary, meeting and making a commitment to a life partner, having children, buying a house, and affording the luxuries that financial success makes possible. Some view success as a zero-sum game; I can only have more if you have less. Success, on this model, is not just keeping up with, but surpassing the Joneses. The Effective Altruism movement has encouraged people to think about success differently. Instead of measuring it by the wealth one accrues, we should instead measure the success of a person’s life by looking at how much good they do.
The Effective Altruist (EA) movement was motivated in no small part by Peter Singer’s 1971 paper, Famine, Affluence, and Morality in which he argues that each of us ought to be doing very much more for the global poor than we are currently doing. The premises of his argument remain true today—most of us do not give a substantial amount of our income to the world’s most impactful charities.
Since its inception in the early 2000’s, the EA movement has energized young people searching for a source of meaning in their lives. To many, it was clear that a life spent in pursuit of a larger and larger bank account balance would always be full of things but lacking in substance. It was equally clear that some problems cause more suffering than others, suffering matters, and that the most meaningful life would involve eradicating as much suffering as possible.
In the intervening years, EA has graduated from college classrooms to Silicon Valley and the pages of top newspapers. If money is needed to solve the globe’s most serious problems, converting top earners to the movement is a promising strategy. In 2023, billionaire Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, was convicted of fraud, conspiracy, and money laundering. News coverage surrounding the issue revealed that Bankman-Fried was an Effective Altruist and gave large amounts of money to charity.
Since this news became widely known, attitudes toward EA have shifted, even in academic departments. Read more »

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