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The arrest of FTX founder Sam Bankman-Fried has prompted criticism of the type of philanthropy he advocated. But Peter Singer says the philosophy remains sound
Over the past decade the philanthropic ideology of Effective Altruism has grown massively both in attracting funds and in influencing young people to try to make as much money as they can and give most of it away. But a series of catastrophic financial hustles in the world of cryptocurrency has brought EA heightened attention and started to expose its dangers.
Effective altruism has gained a wide following. In the fall of FTX, some critics see a need for rethinking how to put generosity into practice.