But critics say Sam Bankman-Fried’s collapse shows that the movement was always morally compromised — “a con,” as author Anand Giridharadas put it — because it didn’t seem to care how people made their money, as long as they spent it.

Source: Vegan canapes and fat donations: How Sam Bankman-Fried won Washington before he lost everything

  • The media lacked skepticism
  • The media worships faux heroes, such as Elizabeth Holmes of Theranos
  • Bankman-Fried was unable to run his own business yet bought his way into political leadership circles to regulate everyone else’s future
  • Political leaders looked the other way – because he donated tens of millions of dollars

He has acknowledged that his cause-based marketing “effective altruism” was a scam. Even his vegan eating style may have been a scam, say some reports.

 

 

By EdwardM