Sunday, 23 October 2022

How Many Children's Lives Is That Worth?

According to the meta-charity GiveWell, the most effective charities can save a child’s life for between 3 and 5,000 US dollars. One way of understanding this figure is that whenever you consider spending that amount of money, one of the things you would be choosing not to spend it on is saving a child’s life.

Take the median of the GiveWell figures: $4,000. I propose that prices for all goods and services should be listed in the universal alternative currency of percentage of a Child’s Life Not Saved (%CLNS), as well as their regular prices in Euros, dollars, or whatever. For example, a Starbucks Frappucino might be priced at 5$ /0.13%CLNS. A Caribbean holiday cruise might be priced at $8,000/ 200%CLNS (perhaps written as emojis­č¬Ž­č¬Ž)