I’m interested in hearing what you think the counterfactuals to impact shares/retroactive funding in general are, and why they are better.
The alternative to launching an impact market is to not launch an impact market. Consider the set of interventions that get funded if and only if an impact market it launched. Those are interventions that no classical EA funder decides to fund in a world without impact markets, so they seem unusually likely to be net-negative. Should we move EA funding towards those interventions, just because there’s a chance that they’ll end up being extremely beneficial? (Which is the expected result of launching a naive impact market.)
The alternative to launching an impact market is to not launch an impact market. Consider the set of interventions that get funded if and only if an impact market it launched. Those are interventions that no classical EA funder decides to fund in a world without impact markets, so they seem unusually likely to be net-negative. Should we move EA funding towards those interventions, just because there’s a chance that they’ll end up being extremely beneficial? (Which is the expected result of launching a naive impact market.)
Ah. You have much more confidence in other funding mechanisms than I do.
Doesn’t seem like we’re making progress on this so I will stop here.