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Morendil comments on Shut Up and Divide? - Less Wrong
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Quoting from that site's front page about the book's author: "Dambisa is a Patron for Absolute Return for Kids (ARK), a hedge fund supported children’s charity."
I take it that she does not disapprove of all aid? I can readily imagine that there are indeed harmful forms of aid (e.g. that gets intercepted by corrupt governments).
My preferred form of aid would in fact be in the area of education, because you can only be a self-reliant adult if you're given in childhood the memes required for self-reliance. Aid that does allow people to bootstrap out of aid.
Aid in health care and education would in fact be the best way if the problem was something that can be solved with health care and education.
If I cure one person of TB, who would otherwise die, and the patient goes on to have several decades of happy life, I have solved a problem. That's so even if the patient isn't turned into a rich-country computer programmer whose kids never get sick.
This is like attacking the idea of working at a job to buy food for yourself: since you'll just get hungry again later it's not a solution to the problem of your hunger.
If it makes one happy to go around and cure people of TB, then one should by all means do so. However, I do not perceive this as significantly different, or more valuable, than running a huge animal shelter, if the recipient of aid doesn't pay you back. As with an animal shelter, you are expending external resources to maintain something for the sake of it. Doing so does not contribute towards creating resources. It is a form of indulgence, not investment.
So valuable_denisbider charity is charity that is a profitable investment for denisbider? Or profitable for the giver? Even if the recipients were highly functional and creative thereafter?
If the recipients are highly functional and creative thereafter, they should make money. If they make money, even if you don't want it, they can pay you back.
I do approve of charity which gives to things that do go on to create more than was invested. An example would be investing into basic research that isn't going to pay off until decades later. Investing in that is, I think, one of the most commendable charitable acts.
Most charity, however, is not that. It is more so charitable indulgence; it is spending money on something that is emotionally appealing, but never provides a return; neither to the giver, nor to anyone else.
I despise the travesty of such acts being framed as morally valuable charity, rather than as an indulgent throwing of resources away.
Well, if you want to say that curing a TB patient to have a mostly happy life with low economic productivity in tradables is a despicable "travesty" and an "indulgent" waste of resources (and not because the return on investment could be used to do more good later), you can use words that way.
But in future it would be nice to make it plain when your bold conclusions about "cost-benefit analysis" depend so profoundly on normative choices like not caring about the lives or welfare of the powerless, rather than any interesting empirical considerations or arguments relevant to folk who do care.