Longtermism
Long-termism is the practice of sacrificing immediate results in favor of far-reaching ones.[1] It is the antonym of short-termism and an important concept in effective altruism. It is a major philosophical stream with public policy implications as a result of large funding and high-profile backers, including Elon Musk and Peter Thiel.[2]
History and concept
The concept of long-termism is based on the works of primarily Nick Bostrom,[3] founder of the Future of Humanity Institute (FHI), and Nick Beckstead.[2] Its's based on the assumption that the welfare of every individual counts equally, and current actions are best judged by their effects on future individuals.[4]
Criticism
In practice, long-termism may lead to ignoring currently relevant issues, especially in extreme cases. For example, considering humanity's future in terms of the next 10,000 or 10 million years might lead to downplaying the short-term economic effects of climate change.[2]
References
- ^ Khanin, Dmitry; Turel, Ofir (2012-01-01). "Short-termism, long-termism, and regulatory focus in venture capitalists' investment decisions". Venture Capital. 14 (1): 61–76. doi:10.1080/13691066.2012.666072. ISSN 1369-1066.
- ^ a b c "Why longtermism is the world's most dangerous secular credo | Aeon Essays". Aeon. Retrieved 2021-11-02.
- ^ "Predictions from Philosophy". www.nickbostrom.com. Retrieved 2021-11-02.
- ^ "Two Types of Long-Termism". talks.ox.ac.uk. Retrieved 2021-11-02.
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