You may have noticed over the past couple of years that effective altruism has become the hot new trend/buzzword in philanthropy. As the Centre for Effective Altruism explains,
Effective Altruism is a growing social movement that combines both the heart and the head: compassion guided by data and reason. It’s about dedicating a significant part of one’s life to improving the world and rigorously asking the question, “Of all the possible ways to make a difference, how can I make the greatest difference?”
As a broad concept, effective altruism is a refreshing change from the all-too-common strand of charity that puts more emphasis on good intentions than effectiveness. Rather than a consumer-driven, feelings-based approach to philanthropic activity (think: TOMS Shoes’ “buy one, give one” model), effective altruism (EA) tends to rely on evidence to maximize individual impact on solving problems.
For example, some EA advocates choose to use their skills to get a high-paying job rather than work directly for a non-proift or charity. The thinking is that instead of earning $25,000 a year working for Oxfam you can earn $100,000 on Wall Street, live on $25K a year, and donate $75,000 to hire other workers. Doing that allows an individual to triple their contribution to the solution.
In general, this is likely to be a much better angle than pure do-goodism (though as Anne Bradley and Jay W. Richards explain, enterprise is the most effective altruism). But this approach can become less effective and even hindered by a person’s worldview beliefs, such as what a person believes about the “end times.”