How much should governments pay to prevent catastrophes? Longtermism's limited role

Carl Shulman (Advisor, Open Philanthropy) and Elliott Thornley (Global Priorities Institute, University of Oxford)

GPI Working Paper No. 8-2024, forthcoming in Essays on Longtermism

Longtermists have argued that humanity should significantly increase its efforts to prevent catastrophes like nuclear wars, pandemics, and AI disasters. But one prominent longtermist argument overshoots this conclusion: the argument also implies that humanity should reduce the risk of existential catastrophe even at extreme cost to the present generation. This overshoot means that democratic governments cannot use the longtermist argument to guide their catastrophe policy. In this paper, we show that the case for preventing catastrophe does not depend on longtermism. Standard cost-benefit analysis implies that governments should spend much more on reducing catastrophic risk. We argue that a government catastrophe policy guided by cost-benefit analysis should be the goal of longtermists in the political sphere. This policy would be democratically acceptable, and it would reduce existential risk by almost as much as a strong longtermist policy.

Other working papers

Doomsday rings twice – Andreas Mogensen (Global Priorities Institute, Oxford University)

This paper considers the argument according to which, because we should regard it as a priori very unlikely that we are among the most important people who will ever exist, we should increase our confidence that the human species will not persist beyond the current historical era, which seems to represent…

The freedom of future people – Andreas T Schmidt (University of Groningen)

What happens to liberal political philosophy, if we consider not only the freedom of present but also future people? In this article, I explore the case for long-term liberalism: freedom should be a central goal, and we should often be particularly concerned with effects on long-term future distributions of freedom. I provide three arguments. First, liberals should be long-term liberals: liberal arguments to value freedom give us reason to be (particularly) concerned with future freedom…