I recently wrote a post digesting my impression of what the SBF meltdown means for EA. I hadn't intended to post it here (I don't identify as an EA and this feels a bit like barging into a conversation) but an EA mutual suggested that I ought to, and that it would be welcome. I'm still not sure the tone is quite right for this forum, and my epistemic confidence isn't especially high, but on the off chance any of it's useful: here you are.
Quick summary: I think EA as a movement is extremely vulnerable to capture by individuals and organizations with very different value systems, but there are some things that might be done to at least mitigate this danger.
Good luck guys.
I don't think the claim is that altruism doesn't exist. Rather, it's that at the margin large contributors are prone to use charity for their own goals. As EA attempts to monetize 'whales', it's pushed to twist itself into something that serves those goals, which in turn changes how good your own, smaller donations are.
It's a 'at the margin' argument, and I don't know how accurate it is. Maybe EA orgs are currently resistant to such processes. OTOH, the ones that are less resistant will be more appealing to big money, get bigger budgets, become more visible, and likely be copied. Seems unstable long-term.