{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"80,000 Hours Podcast","title":"#73 - Phil Trammell on patient philanthropy and waiting to do good [re-release]","html":"","width":"100%","height":180,"duration":9666,"description":"Rebroadcast: this episode was originally released in March 2020. \n\nTo do good, most of us look to use our time and money to affect the world around us today. But perhaps that's all wrong. \n\nIf you took $1,000 you were going to donate and instead put it in the stock market — where it grew on average 5% a year — in 100 years you'd have $125,000 to give away instead. And in 200 years you'd have $17 million. \n\nThis astonishing fact has driven today's guest, economics researcher Philip Trammell at Oxford's Global Priorities Institute, to investigate the case for and against so-called 'patient philanthropy' in depth. If the case for patient philanthropy is as strong as Phil believes, many of us should be trying to improve the world in a very different way than we are now. \n\nHe points out that on top of being able to dispense vastly more, whenever your trustees decide to use your gift to improve the world, they'll also be able to rely on the much broader knowledge available to future generations. A donor two hundred years ago couldn't have known distributing anti-malarial bed nets was a good idea. Not only did bed nets not exist — we didn't even know about germs, and almost nothing in medicine was justified by science. \n\nDoes the COVID-19 emergency mean we should actually use resources right now? See Phil's first thoughts on this question here. \n\n• Links to learn more, summary and full transcript. \n• Latest version of Phil’s paper on the topic.\n\nWhat similar leaps will our descendants have made in 200 years, allowing your now vast foundation to benefit more people in even greater ways? \n\nAnd there's a third reason to wait as well. What are the odds that we today live at the most critical point in history, when resources happen to have the greatest ability to do good? It's possible. But the future may be very long, so there has to be a good chance that some moment in the future will be both more pivotal and more malleable than our own. \n\nOf course, there are many...","thumbnail_url":"https://img.transistorcdn.com/VO1STE7hN95RRg9QdLo4soV2VhhbR9PF5ZZlRhDYcwE/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQxNDAyLzE2ODM1/NDQ1NDAtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}