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The "Effective altruism" movement misses the point. The problem with philanthropy isn't the way it's targeted. It's the fact that some people have more money than whole states to spend on their idea of doing good. So the fix isn't to make philanthropy more "effective", but to make it more democratic.
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Broadly speaking, there are 2 ways to democratise philanthropy;
* the centralised way: increase taxes on wealth accumulation enough that elected governments can spend that money on social good, not billionaires
* the decentralised way: convince the majority of people to stop working for or being customers of corporations, and put their labour and money into the solidarity economy; cooperatives, social enterprises etc
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