Instead of bringing 'altruism' into socioeconomic decision-making, we should instead eliminate the concept of 'externalities' from the process.
If investors and corporations were forced to subtract the very real costs of 'externalities' from their bottom lines, this alone would lead to changes in behavior. E.g. fossil fuel externalities included widespread air and water pollution as well as the steady planetary warming trend. Ensuring those costs were born by both fossil fuel producers and users would encourage a transition to renewable energy. Yes, there are externalities involved in PV panel and wind turbine and battery manufacturing, but these costs are much, much lower than those associated with fossil fuel production and use.
Effective altruism was never much more than a fig leaf for an economic system that has tended to privatize the profits while socializing much of the costs via the fiction of externalities.
If investors and corporations were forced to subtract the very real costs of 'externalities' from their bottom lines, this alone would lead to changes in behavior. E.g. fossil fuel externalities included widespread air and water pollution as well as the steady planetary warming trend. Ensuring those costs were born by both fossil fuel producers and users would encourage a transition to renewable energy. Yes, there are externalities involved in PV panel and wind turbine and battery manufacturing, but these costs are much, much lower than those associated with fossil fuel production and use.
Effective altruism was never much more than a fig leaf for an economic system that has tended to privatize the profits while socializing much of the costs via the fiction of externalities.