Ted Gioia explains why (people like) Sam Bankman-Fried drove him away from his formal studies in Philosophy at Oxford:
I abandoned philosophy because of Sam Bankman-Fried, the crypto scammer.
Well, that’s not entirely true. I abandoned my formal study of philosophy because of people like Bankman-Fried.
Unfortunately, they were my professors at the time.
Where do I even begin in telling this?
It’s not easy. That’s why I’ve never given a full account of my years as a philosophy student at Oxford — despite some readers requesting this. I don’t talk about it because the story is complicated.
But Sam Bankman-Fried gives me the excuse — or even the necessity — of digging into this gnarly matter. That’s because the crypto scammer was deeply involved in a philosophical movement that originated at Oxford. It draws on the same tenets I was taught in those distant days.
My teachers didn’t run crypto exchanges, and (to my knowledge) never embezzled anything more valuable than a bottle of port from the common room. Even so, there’s a direct connection between them and Mr. Bankman-Fried.
They were erudite and devoted teachers, but I was disillusioned by what they taught. It eventually chased me away from philosophy, specifically analytic philosophy of the Anglo-American variety.
I had no idea that their worldview would come back to life as a popular movement promoted by the biggest scam artist of the digital age. But I’m not really surprised — because it’s a dangerous worldview with potential to do damage on the largest scale.
The philosophy is nowadays called Effective Altruism. It even has a web site with recruiting videos — there’s a warning sign right there! — where it brags about its origins at Oxford.
But here’s the catch, if you actually try to put this philosophy into practice, you might sell your granny to sex traffickers.
You think I’m joking?
In fact, that’s exactly what you would do. Effective altruists don’t look at the actual actions at hand or their consequences today — hah, that would be too obvious. They only think about long-term holistic results, and hope to maximize pleasure and good feelings in the aggregate:
So it stands to reason that:
- Granny is old and doesn’t have long to live, so she can’t experience much pleasure even under the best circumstances.
- But the sex traffickers could use Granny to increase the pleasure of many of their customers.
- Hence …
I’m not going to spell it out for you, but you can guess where this is heading.
You just better hope that, if you’re ever a grandparent, your progeny aren’t Effective Altruists.
