“New Focus Area: Abundance and Growth” by Open Philanthropy

This is a link post. We are excited to announce the launch of the Abundance and Growth Fund, which will spend at least $120 million over the next three years to accelerate economic growth and boost scientific and technological progress while lowering the cost of living. We’re grateful for support from Good Ventures, which has committed $60M, and from the other private individuals who matched them. We’re also grateful for a contribution from Patrick Collison, who helped launch the Progress Studies movement. We launched the fund because: Economic growth has transformed global living standards, and further growth could deliver vast improvements to health and well-being. Innovation is a key input to growth; economists and our own researchers estimate that R&D and scientific research have very high social returns. We have strong evidence that it's possible to boost growth and innovation by removing existing constraints; there are many positive examples to point to where [...] --- First published: March 11th, 2025 Source: https://forum.effectivealtruism.org/posts/xFnDaCaeyLvM9MxJi/new-focus-area-abundance-and-growth --- Narrated by TYPE III AUDIO.