by Mitch Kokai
Senior Political Analyst, John Locke Foundation
You can’t make this up. Earlier this month, some dough-faced dork named Sam Bankman-Fried—an MIT grad and son of Stanford law professors—vaporized the GDP of a small country after successfully conning the entire world of so-called educated elites.
All of them. The freaks in Silicon Valley, the freaks on Wall Street, the freaks in Hollywood, and the freaks in Washington. Even (or especially) the journalists who are supposed to be holding everyone accountable. The smartest, most enlightened professional experts and self-appointed moral referees.
Bill Clinton. Tony Blair. The Democratic Party. Larry David. Tom Brady. Fortune magazine. Andrew Ross Sorkin. CNBC. The bald guy from Shark Tank. BlackRock, the $10 trillion investment firm where former Obama aides go to get rich and serve as “Global Head of Sustainable Investing.”
They all vouched for Bankrupt-Fraud and his blockchain stonk machine. Like they vouched for Elizabeth Holmes and her magic blood box. Like they vouched for Michael Avenatti and his bullshit litigation racket. The Lincoln Project. OZY Media. Stacey Abrams.
These are people who demand to be taken seriously. You know the type. You’ve probably heard them ranting about gullible rubes being duped by “misinformation,” or denouncing half the country as irredeemably stupid, unserious, and uncultured.
Shockingly enough, most normal Americans are starting to suspect our elite overlords are full of shit, and the elite overlords are freaking out. This lack of fealty to their expertise is not merely misguided, we are told. It’s an existential crisis imperiling American democracy.
This raises an interesting question: What in the actual f— is wrong with these people?
Bankman-Fried was the next J.P. Morgan. They actually said that. Of course they did. They adored his dorm-room bong-rip attire and corresponding philosophy—”effective altruism”—through which their capitalist sins can be absolved by attending charity galas and buying hideous art at silent auctions.