The business plan here will look familiar to anyone who has tracked the promises figures like Sam Altman have continually made. Promise that technology is being developed that will fundamentally change life for the better, cure cancer, and usher in a post-scarcity society. In the meantime, build up huge reserves of money and political power. And then justify the costs being borne in the deployment of technology as a necessary evil to usher in a brighter future.
The entire E.A. worldview has been a microcosm of Silicon Valley’s political framework, which is why it was so expedient for figures like Elon Musk and Dustin Moskowitz to promote it. Bundled into a single philosophy, you have the groundwork to validate elites’ self-importance, justify the amassing of power and wealth, and excuse nearly any antisocial behavior through commitments to the future.
To the powerful people who invested in spreading the gospel of effective altruist thought, these quirks are features, not bugs. A philosophy that confirms that those wielding power and resources are actually heroes fighting a cosmic battle for the future allows for oligarchs to justify the undermining of democratic institutions, the hoarding of wealth, and callous treatment of humanity.
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There are broadly three buckets of destructive ways of thinking that effective altruists are predisposed toward, all downstream of this necessity to determine the relative moral worth of helping different populations with a fixed pool of resources: deference to notions of a chosen elite, justification of the centralization of power and wealth, and wanton disregard for human well-being and agency.
These people are nuts and are radically ideological in the lamest way possible, this doesn't get covered enough when talking about the powerful figures involved here.
That's arguably actual altruism. EA is going "well global health causes aren't good enough because it's not developing a new Godhead to cut everything all at once", or otherwise going "well I can't fix everything with a money injection, guess there's no point in actually doing anything".
Effective Altruism mostly exists to validate Silicon Valley spending their billions on technofascism and "wouldn't that be cool" projects rather than global change. By giving them a framework where working on AI or giant space mirrors or a global surveillance panopticon is somehow "doing the most good for everyone", they make tech bros feel better about not sending food to starving kids or using their cash to prop up candidates who want to feed homeless people into a woodchipper and generally doing the things that deep down, a lot of these people know is entirely wrong.