[...] SIAI's Scary Idea goes way beyond the mere statement that there are risks as well as benefits associated with advanced AGI, and that AGI is a potential existential risk.
[...] Although an intense interest in rationalism is one of the hallmarks of the SIAI community, still I have not yet seen a clear logical argument for the Scary Idea laid out anywhere. (If I'm wrong, please send me the link, and I'll revise this post accordingly. Be aware that I've already at least skimmed everything Eliezer Yudkowsky has written on related topics.)
So if one wants a clear argument for the Scary Idea, one basically has to construct it oneself.
[...] If you put the above points all together, you come up with a heuristic argument for the Scary Idea. Roughly, the argument goes something like: If someone builds an advanced AGI without a provably Friendly architecture, probably it will have a hard takeoff, and then probably this will lead to a superhuman AGI system with an architecture drawn from the vast majority of mind-architectures that are not sufficiently harmonious with the complex, fragile human value system to make humans happy and keep humans around.
The line of argument makes sense, if you accept the premises.
But, I don't.
Ben Goertzel: The Singularity Institute's Scary Idea (and Why I Don't Buy It), October 29 2010. Thanks to XiXiDu for the pointer.
I misread you as saying that important ethical problems about FAI were being ignored, but yes, the idea that FAI is the most important thing in the world leaves quite a bit out, and not just great evils. There's a lot of maintenance to be done along the way to FAI.
Madoff's fraud was initiated by a single human being, or possibly Madoff and his wife. It was comprehensible without adding a lot of what used to be specialist knowledge. It's a much more manageable sort of crime than major institutions becoming destructively corrupt.
I think major infrastructure rebuilding is probably closer to the case than "maintenance"