Scott Alexander explores social impact bonds as a potential way to use corporate greed to solve social problems more efficiently than current government programs. Longer summary

Scott Alexander discusses social impact bonds, a system where corporations invest in solving social problems and get paid by the government if they succeed. He compares this to prediction markets and sees it as a way to use greed for good ends. The post explores potential applications in healthcare, education, and crime prevention. Scott also discusses the risks and potential for abuse in such systems, but ultimately sees them as a promising way to address social issues more efficiently than current government programs. Shorter summary