Money is the unit of caring and it really is impossible to overstate how much things change when you add money to them.
Can you give an example relevant to the context at hand to illustrate what you have in mind? I don’t necessarily disagree, but I presently think that there’s a tenable argument that money is seldom the key limiting factor for philanthropic efforts in the developed world.
BTW, note that I deleted the “impossible to overstate” line on grounds of its being false. It’s actually quite possible to overstate the impact of adding money. E.g., “Adding one dollar to this charity will CHANGE THE LAWS OF PHYSICS.”
What sort of key limiting factors do you have in mind that are untouched by money? Every limiting factor I can think of, whether it’s lack of infrastructure or corruption or lack of political will in the West, is something that you could spend money on doing something about.
If nothing else, historical examples show that huge amounts of money lobbed at a cause can go to waste or do more harm than good (e.g. the Iraq war as a means to improve relations with the middle East).
Eliezer and I were both speaking in vague terms; presumably somebody intelligent, knowledgeable, sophisticated, motivated, energetic & socially/politically astute can levy money toward some positive expected change in a given direction. There remains the question about the conversion factor between money and other goods and how quickly it changes at the margin; it could be negligible in a given instance.
The main limiting factor that I had in mind was human capital: an absence of people who are sufficiently intelligent, knowledgeable, sophisticated, motivated, energetic & socially/politically astute.
I would add that a group of such people would have substantially better than average odds of attracting sufficient funding from some philanthropist; further diminishing the value of donations (on account of fungibility).
Can you give an example relevant to the context at hand to illustrate what you have in mind? I don’t necessarily disagree, but I presently think that there’s a tenable argument that money is seldom the key limiting factor for philanthropic efforts in the developed world.
BTW, note that I deleted the “impossible to overstate” line on grounds of its being false. It’s actually quite possible to overstate the impact of adding money. E.g., “Adding one dollar to this charity will CHANGE THE LAWS OF PHYSICS.”
What sort of key limiting factors do you have in mind that are untouched by money? Every limiting factor I can think of, whether it’s lack of infrastructure or corruption or lack of political will in the West, is something that you could spend money on doing something about.
If nothing else, historical examples show that huge amounts of money lobbed at a cause can go to waste or do more harm than good (e.g. the Iraq war as a means to improve relations with the middle East).
Eliezer and I were both speaking in vague terms; presumably somebody intelligent, knowledgeable, sophisticated, motivated, energetic & socially/politically astute can levy money toward some positive expected change in a given direction. There remains the question about the conversion factor between money and other goods and how quickly it changes at the margin; it could be negligible in a given instance.
The main limiting factor that I had in mind was human capital: an absence of people who are sufficiently intelligent, knowledgeable, sophisticated, motivated, energetic & socially/politically astute.
I would add that a group of such people would have substantially better than average odds of attracting sufficient funding from some philanthropist; further diminishing the value of donations (on account of fungibility).