I suspect that the charitable market is pretty efficient in terms of private returns to its donors. I don’t think there are easy ways to get above-average social kudos for your donation.
If the charitable were market more efficient in terms of promoting the kinds of “human welfare” mentioned in the OP, it would likely be less efficient in terms of private returns to donors. Given that feedback in the charitable market is from (potential) donors, not recipients, the fact that we see one kind of efficiency, but not the other, is strong evidence that “Charity is not about helping.”
I suspect that the charitable market is pretty efficient in terms of private returns to its donors. I don’t think there are easy ways to get above-average social kudos for your donation.
If the charitable were market more efficient in terms of promoting the kinds of “human welfare” mentioned in the OP, it would likely be less efficient in terms of private returns to donors. Given that feedback in the charitable market is from (potential) donors, not recipients, the fact that we see one kind of efficiency, but not the other, is strong evidence that “Charity is not about helping.”