Before the November elections, Sam Bankman-Fried was a left-wing billionaire heartthrob.
He properly grew up on the Stanford campus, where his parents were well-known left-wing activist law professors. He went to a tony prep school and on to MIT.
SBF mocked society’s bourgeois capitalist conventions by dressing and looking like a slob in cut-offs and T-shirts. Indeed, he bested the nose-ring, Charles Manson-esque appearance of former Twitter CEO Jack Dorsey. He outdid the all-black, Steve Jobs copy-cat get-up of another fallen leftist icon, the now-convicted felon Elizabeth Holmes of Theranos infamy.
The Left canonized Bankman-Fried for the hundreds of millions of dollars he created out of thin air and channeled to left-wing congressional and state candidates, President Joe Biden and a host of “progressive” causes under the cool slogan “effective altruism.”
For decades hence — or so SBF promised — his cryptocurrency company FTX would churn out billions. Its politically correct gifting won exemptions from the Federal Trade Commission, the Securities and Exchange Commission and Democratic-controlled congressional oversight committees.
Categories: Economics/Class Relations