"Since effective altruism is committed to whatever would maximise the social good, it might for example turn out to support anti-capitalist revolution." (Srinivasan 2015)
In this peer-reviewed article for Moral Philosophy and Politics, I explore this suggestion. This connects with my EA forum piece 'Why not socialism?' but is more thorough and more focused on longtermism in particular.
ABSTRACT: Capitalism is defined as the economic structure in which decisions over production are largely made by or on behalf of individuals in virtue of their private property ownership, subject to the incentives and constraints of market competition. In this paper, I will argue that considerations of long-term welfare, such as those developed by Greaves and MacAskill (2021), support anticapitalism in a weak sense (reducing the extent to which the economy is capitalistic) and perhaps support anticapitalism in a stronger sense (establishing an alternative economic structure in which capitalism is not predominant). I hope to encourage longtermists to give anticapitalism serious consideration, and to encourage anticapitalists to pursue criticisms of capitalism’s efficiency as well as its injustices.
"anticapitalists often think that we should have very heavy taxation or outright wealth confiscation from rich people, even if this would come at the expense of aggregate utilitarian welfare"
What's the evidence for this? I think even if it is true, it is probably misleading, in that most leftists also just reject the claims mainstream economists make about when taxing the rich will reduce aggregate welfare (not that there is one single mainstream economist view on that anyway in all likelihood.) This sounds to me more like an American centre-right caricature of how socialists think, than something socialists themselves would recognize.