Now we hear from Beth, who is a student at Exeter College. We wanted to hear what young people have to say and what they want, and Beth won a competition to speak today.
Beth is telling us about a system that allows us to direct our resources to what we think will do the most good: charitable giving. Increased transparency of governance mean it is possible to find charities who are doing great work, such as the Schistosomiasis (spelling?!) Society.
We are used to a world in which the most resources are invested in things that are not important. What if we directed our huge resources to solving global poverty? 10% given by 10% would generate $4 trillion. It would only take 5% of that to solve poverty, so Beth has given us a shopping list for the remaining 95%, with some left over to fund a mission to Mars!
Effective Altruism encourages and helps people to give well – via e.g. GiveWell, Giving What We Can websites. The latter asks people to give away 10% of their lifetime earnings. Wouldn’t it be good if everyone did this?!