The hatred of the accomplished Elon Musk and the worship of the hollow man Sam Bankman-Fried are sad commentaries on how liberalism has descended into progressivism and ultimately into Stalinism
By VICTOR DAVIS HANSON | AMERICAN GREATNESS
Before the midterm 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.
Bankman-Fried 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, Joe Biden, and a host of “progressive” causes under the cool slogan “effective altruism.”
For decades hence—or so Bankman-Fried 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.
The loud-talking, left-wing slob promised billions of dollars more in gifts to come. He was knighted as the successor to the kindred financial market manipulator and progressive “philanthropist” George Soros.
SBF may have been a sloppy, immature fool, but he was no dummy.
He had learned early on that loud leftist talk, big promises of philanthropy, and huge cash infusions to the media and leftist candidates—all under the veneer of “effective altruism”— ensured de facto immunity for his Ponzi schemes from both bad press and government investigation.
Then, suddenly, the midterms were over. Powerful financial interests were screaming their millions had vanished at the hands of SBF.
The Republicans took the House. They promised embarrassing hearings, with Bankman-Fried the loose-talking star villain. And so—presto!—he was finally indicted by the Biden Department of Justice.
Bankman-Fried, in desperation one last time, had turned to his old props of raggedy dress, nerd talk, and contrived naivete.
His schtick no longer worked. Too many leftists were embarrassed that they got too much money from him. Too many exposed “regulators” had known what this wannabe Madoff character was up to before the midterms.
The now albatross Bankman-Fried was loud and everywhere, then suddenly not—and won’t be again.