Who is Sam Bankman-Fried (SBF) really, and how could he have done what he did? – three theories and a lot of evidence

November 10, 2023

As you may know, Sam Bankman-Fried ("SBF") was convicted of seven counts of fraud and conspiracy. He now faces the potential of more than 100 years in prison. I've been trying to figure out how someone who appears to believe deeply in the principles of effective altruism ("EA") could do what SBF did. It has been no surprise to me to see that the actions he was convicted of are nearly universally condemned by the EA community. Could it be that he did not actually believe in EA ideas despite p...

How to make companies into engines of good: make harm unprofitable

July 20, 2017

One oversimplified but potentially useful way to think about corporate regulation is to prevent it from being profitable to cause harm. Of course, this can be very challenging to achieve, and one can debate what "harm" means, how broadly it should be construed, and what to do in cases where there is substantial uncertainty about how to make harm unprofitable. But insofar as it's unprofitable to cause harm, and companies behave as profit maximizers, companies are basically forces for good. ...