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Lumifer comments on 'Effective Altruism' as utilitarian equivocation. - Less Wrong Discussion
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Don't think so -- traditionally the test for true honor and loyalty and justice, etc. was whether you'd be willing to stick with them when your "basic wellbeing" is not covered.
Sure, globally and in the long term Maslow's hierarchy takes over, but locally you can very well lack basic stuff and still insist on the higher concepts.
Then again, people who'd defend their honor while starving, dying of malaria and covered in filth probably don't need more of that stuff delivered to them do they? :)
Loyalty and tradition, probably no, but justice delivered might come in handy :-)