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Notes -
Annals of Great Friday-at-6:00PM Announcements: "Caroline Ellison Has Joined Manifund."
For those needing a refresher, Caroline Ellison was Sam Bankman-Fried's lieutenant in charge at Alameda Research, the hedge fund he used to embezzle FTX customer funds. She pleaded guilty to felony wire fraud and conspiracy charges. Manifund is an effective altruism grantmaking and infrastructure provider spun-off from Manifold Markets.
I think this is definitive evidence that no, the Effective Altruism community did not properly internalize the lessons from the FTX crisis. This is going to get a lot of bad press, and it will be easy to criticize the decision as bad optics, but this is not simply "bad optics". Aella's Twitter feed is bad optics. This is bad practice. It is bad practice to hire people with bad decisionmaking records for decisionmaking roles. It is bad practice to establish a norm of soft-landings for people culpable in major scandals.
I had sort of expected Caroline to remain a semi-public figure associated with EA/AI/rationalism after her release from prison, but I didn't expect her to get hired for a financial infrastructure job. She should be blogging for pennies on Substack or working in the bednet mines.
Somewhat related but I was thinking the other day about how a lot of EA people have gotten obscenely wealthy but none of the EA problems really got solved. Shouldn’t bed nets in Africa be fully funded by now?
The premise of many EA ideas was that you can “save” a life for extremely cheap, from hundreds to single digit thousands.
Given the insane wealth of EA people, the tech sector, and US progressives more generally, we should have made extreme progress in solving problems in Africa by now. As far as I can tell, we haven’t. All the progress in African is from catch up development and trade. The charities are just a hole into which money is poured, sometimes relieving suffering, sometimes causing harmful effects, but rarely solving any problems. (I will give credit to the guinea worm people).
I think the central premise of EA charity is wrong. You can’t save lives on the cheap. Many problems are intractable and can’t be solved by just giving money. You actually have to be in the trenches. Giving money to charities is mostly just waste.
They are saving lives, are they not? It's just that there are more lives to be saved every minute.
No, they aren't The utter refusal of EA's to actually look at what happens after they implement their policies, and update accordingly, is breathtaking. It's amateur hour "reasoning from 1st principles" all the way down: Malaria is devastating! Malaria nets are cheap and easy to use! Give Africans Malaria Nets! ← stop here, completely refuse to think if there are any second order effects to take into account, or consider what, if anything, could go wrong, then loudly insist that you are, in fact, very smart.
This will come across as "uncharitable," but show this announcement to 100 of your normie coworkers and 100% of them will answer "They're fucking. No doubt about it."
Edit: Hold the phone, this is the organization that got $500k from FTX, and is currently fighting to not have to give it back? We're well past "good optics"
Austin is married with his wife only days away from popping out the sprog ("...and my wife is due to give birth ~5 days and didn't want to worry about the announcement while on paternity leave"). Let's hope for the sake of all concerned that there is no workplace romance going on, always a terrible idea and Caroline should be well aware from what happened the first time round that it's even more of a terrible idea.
(Also this is the second time I've seen "paternity leave" mentioned online in the context of a female, is this a Californian thing?)
It's a progressive state thing to also give the father some time off to spend with their newborn. It's in addition to maternity leave.
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