{"id":116120,"date":"2023-10-25T15:50:00","date_gmt":"2023-10-25T19:50:00","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=116120"},"modified":"2023-10-27T10:28:21","modified_gmt":"2023-10-27T14:28:21","slug":"sam-bankman-fried-effective-altruism","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/sam-bankman-fried-effective-altruism\/","title":{"rendered":"Sam Bankman-Fried: Effective Altruism as a Path to Utilitarianism"},"content":{"rendered":"\n<p>What&#8217;s effective altruism? Why did Sam Bankman-Fried adopt this philosophy?<\/p>\n\n\n\n<p>According to biographer Michael Lewis, Sam Bankman-Fried&#8217;s <a href=\"https:\/\/www.shortform.com\/blog\/what-is-effective-altruism\/\">effective altruism is<\/a> rooted in another philosophy that he learned from his parents. Lewis writes about Bankman-Fried&#8217;s adoption of this concept and its particular path of &#8220;earning to give.&#8221;<\/p>\n\n\n\n<p>Keep reading to learn about Sam Bankman-Fried&#8217;s effective altruism beliefs and practices.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sam-bankman-fried-s-effective-altruism\">Sam Bankman-Fried&#8217;s Effective Altruism<\/h2>\n\n\n\n<p>Effective altruism is a philosophical and social movement that advocates living one\u2019s life in a way that maximizes a net good for humanity.&nbsp;Lewis writes that Sam Bankman-Fried&#8217;s effective altruism flowed from his upbringing as a <em>utilitarian<\/em>\u2014someone who thinks that actions are morally right only if they create the maximum amount of net happiness for everyone. Lewis notes that Bankman-Fried\u2019s parents were utilitarians, and their beliefs clearly rubbed off on Bankman-Fried himself: He was actively participating in online utilitarian message boards at age 12.<\/p>\n\n\n\n<p>(Shortform note: Although Bankman-Fried found utilitarianism appealing, many philosophers have criticized utilitarian moral theories. In particular, these philosophers allege that <a href=\"https:\/\/iep.utm.edu\/util-a-r\/#:~:text=As%20discussed%20earlier%2C%20critics%20of,make%20excessive%20levels%20of%20sacrifice.\" target=\"_blank\" rel=\"noreferrer noopener\">utilitarianism delivers intuitively incorrect judgments about several moral cases<\/a>. For example, imagine that a doctor could save the lives of five adults who need organ donations by (discreetly) killing one healthy patient and transplanting his organs to those adults\u2014according to utilitarian calculus, the doctor would likely be obligated to kill the one patient to save the five. But this decision strikes many people as morally abhorrent.)<\/p>\n\n\n\n<p>So, when Oxford philosopher William MacAskill\u2014one of the architects of the effective altruism movement\u2014met Bankman-Fried during the latter\u2019s junior year at MIT, Bankman-Fried immediately bought into his arguments and decided to embrace effective altruism, thus dedicating his life to saving the most lives possible.<\/p>\n\n\n\n<p>(Shortform note: Although MacAskill initially embraced Bankman-Fried as a key member of the effective altruism community, he has <a href=\"https:\/\/twitter.com\/willmacaskill\/status\/1591218022362284034\" target=\"_blank\" rel=\"noreferrer noopener\">since condemned Bankman-Fried for his actions that led to FTX\u2019s downfall<\/a>. In a series of tweets, MacAskill wrote that, if Bankman-Fried committed fraud as the allegations suggest, then he betrayed the effective altruism community. Moreover, MacAskill clarified that effective altruism emphasizes honesty and integrity, rather than simply thinking that \u201cthe ends justify the means,\u201d as Bankman-Fried arguably did.)&nbsp;<\/p>\n\n\n\n<p>However, Lewis points out that, even within the effective altruism movement, there was no consensus on the single best <a href=\"https:\/\/www.shortform.com\/blog\/career-path-development\/\">career path<\/a> for effective altruists. For instance, he notes that, while becoming a doctor and saving lives in rural countries would seem like an appealing option for effective altruists, you could potentially do more good by working in finance and earning enough to subsidize the careers of <em>several <\/em>doctors in rural countries. Bankman-Fried decided to embrace this notion of <em>earning to give <\/em>in particular.<\/p>\n\n\n\n<p>(Shortform note: Although effective altruists consider \u201cearning to give\u201d a viable path, they clarify that it\u2019s normally not the <em>most effective <\/em>path to <a href=\"https:\/\/www.shortform.com\/blog\/why-more-is-less\/\">maximizing<\/a> value\u2014in fact, they claim that <a href=\"https:\/\/80000hours.org\/career-guide\/high-impact-jobs\/\" target=\"_blank\" rel=\"noreferrer noopener\">it\u2019s only the optimal path for about 10% of individuals<\/a>. After all, most individuals aren\u2019t well-suited for high-octane jobs on Wall Street that yield millions of dollars each year. For such individuals, they recommend instead considering careers in communication (in which you convince <em>other <\/em>people to earn to give), scientific research (in which you can potentially address some of the world\u2019s most pressing problems), or even policymaking positions (in which you work to effect change via the government).)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What&#8217;s effective altruism? Why did Sam Bankman-Fried adopt this philosophy? According to biographer Michael Lewis, Sam Bankman-Fried&#8217;s effective altruism is rooted in another philosophy that he learned from his parents. Lewis writes about Bankman-Fried&#8217;s adoption of this concept and its particular path of &#8220;earning to give.&#8221; Keep reading to learn about Sam Bankman-Fried&#8217;s effective altruism beliefs and practices.<\/p>\n","protected":false},"author":9,"featured_media":47004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[1298],"class_list":["post-116120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people","category-philosophy","tag-going-infinite","","tg-column-two"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sam Bankman-Fried: Effective Altruism as a Path to Utilitarianism - Shortform Books<\/title>\n<meta name=\"description\" content=\"Sam Bankman-Fried&#039;s effective altruism flows from his identity as a utilitarian. 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