- FTX, a big source of EA funding, has imploded.
- There's mounting evidence that FTX was engaged in theft/fraud, which would be straightforwardly unethical.
- There's been a big drop in the funding that EA organisations expect to receive over the next few years.
- Because these organisations were acting under false information, they would've made (ex-post) wrong decisions, which they will now need to revise.
Which revisions are most pressing?
imo EA should have remained frugal.
For theoretical reasons, this makes sense. It's incompatible with Singerite alturism to spend money on frivolous luxuries while people are still starving. EAs were supposed to donate their surplus income to GiveWell. This doesn't change when your surplus income grows. At least, not as much as people behaved.
Also for practical reasons. We could've hired double the researchers on half the salary. Okay maybe 1.25x the researchers on 80% the salary. I don't know the optimal point in the workforce-salary tradeoff but EA definitely went too far in the salary direction.
The result was golden handcuffs, grifters, and value drift.
Let's bring back Ascetic EA. Hummus on toast.