SBF Faces Prison, but ‘Effective Altruism’ Lives On
null By Andy KesslerJan. 14, 2024 12:07 pm ETJournal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson, Jason Riley and Dan Henninger. Images: AP/AFP/Getty Images/wawog_now via Instagram Composite: Mark KellyWhile you were distracted preparing for the frolic and fun of New Year’s weekend, the Justice Department on Dec. 29 mysteriously announced it would no longer pursue campaign-finance charges against FTX founder Sam Bankman-Fried. Too bad. I was looking forward to the March trial and seeing the politicians who accepted the convicted fraudster’s donations squirm like worms.What influence was SBF seeking to buy? Beyond trying to stave off crypto regulations, he was shoveling millions to the effective-altruism movement, which continues to infiltrate governments more than most people realize. With SBF facing a long term in the big house, has effective altruism landed on the ash heap of history? Sadly, not yet. Did you know proponents of the movement basically
While you were distracted preparing for the frolic and fun of New Year’s weekend, the Justice Department on Dec. 29 mysteriously announced it would no longer pursue campaign-finance charges against FTX founder Sam Bankman-Fried. Too bad. I was looking forward to the March trial and seeing the politicians who accepted the convicted fraudster’s donations squirm like worms.
What influence was SBF seeking to buy? Beyond trying to stave off crypto regulations, he was shoveling millions to the effective-altruism movement, which continues to infiltrate governments more than most people realize. With SBF facing a long term in the big house, has effective altruism landed on the ash heap of history? Sadly, not yet. Did you know proponents of the movement basically wrote the Biden administration’s recent executive order on artificial intelligence?
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About this article
Andy Kessler is the author of Inside View, a column he writes for The Wall Street Journal on technology and markets and where they intersect with culture. He won the 2019 Gerald Loeb Award for commentary. He is the author of several books including Wall Street Meat and Eat People. He used to design chips at Bell Labs before working on Wall Street for PaineWebber and Morgan Stanley and then as a founder of the hedge fund Velocity Capital.
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