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Emile Torres:

"Longtermism should not be confused with “long-term thinking.” It goes way beyond the observation that our society is dangerously myopic, and that we should care about future generations no less than present ones. At the heart of this worldview, as delineated by Bostrom, is the idea that what matters most is for “Earth-originating intelligent life” to fulfill its potential in the cosmos. What exactly is “our potential”? As I have noted elsewhere, it involves subjugating nature, maximizing economic productivity, replacing humanity with a superior “posthuman” species, colonizing the universe, and ultimately creating an unfathomably huge population of conscious beings living what Bostrom describes as “rich and happy lives” inside high-resolution computer simulations.

This is what “our potential” consists of, and it constitutes the ultimate aim toward which humanity as a whole, and each of us as individuals, are morally obligated to strive. An existential risk, then, is any event that would destroy this “vast and glorious” potential, as Toby Ord, a philosopher at the Future of Humanity Institute, writes in his 2020 book The Precipice, which draws heavily from earlier work in outlining the longtermist paradigm. (Note that Noam Chomsky just published a book also titled The Precipice.)

The point is that when one takes the cosmic view, it becomes clear that our civilization could persist for an incredibly long time and there could come to be an unfathomably large number of people in the future. Longtermists thus reason that the far future could contain way more value than exists today, or has existed so far in human history, which stretches back some 300,000 years. So, imagine a situation in which you could either lift 1 billion present people out of extreme poverty or benefit 0.00000000001 percent of the 1023 biological humans who Bostrom calculates could exist if we were to colonize our cosmic neighborhood, the Virgo Supercluster."