What is effective altruism and why we need it in Terra Classic

The Luna Classic community has reached a point where the space for projects that come with the goal of achieving personal profit has narrowed significantly.

Projects that are set to make a profit therefore significantly eliminate the overall benefits for the entire society. As the founder of the Luna Classic Labs project, I believe that in order to effectively move forward, something needs to be sacrificed.

For this reason, we need to apply certain economic rescue mechanisms and a specific philosophical approach. One such philosophical approach is effective altruism.

Effective altruism is a philosophy and social movement that applies evidence and reason to determine the most effective ways to improve the world. The effective altruism movement calls for individuals to consider all causes and actions in order to act in such a way that, given their values, they achieve the most positive impact possible.

Effective altruism is distinguished from traditional altruism or charity precisely by this impartial, scientific approach. Despite the fact that a large part of effective altruists focuses on the non-profit sector, the philosophy of effective altruism is equally applicable in a wider sector, e.g. in prioritizing scientific research, companies and policy initiatives that have the best chance of improving the most lives.

Prominent figures associated with the movement include philosopher Peter Singer, Facebook co-founder Dustin Moskovitz, and Skype co-founder Jaan Tallinn. The movement consists of many organizations and local groups.

Philosophy

Effective altruism is based on a commitment to use rationality and best scientific practices to improve lives. Effective altruism differs from other types of charity in its explicit emphasis on maximizing the social good. Philanthropy, which is not explicitly focused on social results, but is, for example, focused on increasing popularity or issues that are close to the philanthropist, can often have a smaller impact. Effective altruism focuses on the results of supporting individual activities as well as other methods of improving the world through one’s work and volunteering.

Comparing causes

Despite the growing emphasis on the effectiveness of non-profit organizations, individual interventions are mostly compared only in a narrow context, e.g. education or global warming. In contrast to this traditional approach, effective altruism tries to compare the relative importance of all possible areas of focus. Effective altruists are ready to focus on any cause with great potential to significantly improve the world. Several organizations are concerned specifically with identifying the most promising areas of philanthropic focus.

Effective use of funds

Effective altruists seek to identify activities that achieve the most good for the least amount of money. Effective altruists often reject the notion that some lives are inherently more valuable than others. They therefore believe that the lives of people in developing countries have the same value as the lives of people living around us.

Thus, the amount of good that an effective altruist can do through direct work in organizations is greater than might first appear. The choice of career can significantly affect how much good an individual can do, both directly (through the service he provides in his work) and indirectly (by how he uses the money he earns in his work).

An important part of effective altruism is trying to use your money to do the most good. This goal has two aspects: how much money an effective altruist donates and where he donates it.

Many effective altruists donate a much larger portion of their income than is standard in their society. Effective altruists often choose a modest lifestyle so that they can donate more of their income.

This is the direction the Luna Classic Labs project wants to go…

Sincerely
Mike P.


This project is funded from the founder’s own resources (Mike P.) and donations from the Luna Classic community.

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