From WSJopinion: Sam Bankman-Fried gave altruism a bad name. That doesn’t mean it’s a bad idea, writes DanHenninger.
Nov. 30, 2022 6:05 pm ET
The Covid-19 pandemic may have ended in the U.S., but there is no vaccine yet for this country’s pandemic of moral vanity. Its latest victim is FTX founder Sam Bankman-Fried. As his cryptocurrency company’s value soared into vaporous billions, Mr. Bankman-Fried said he wasn’t in it for the money. He described himself as a proponent of “
,” or high-return charity, an idea he learned while at MIT from a philosophy graduate student. Mr. Bankman-Fried, 30, said he might keep 1% for himself and give the rest away through his FTX Foundation.
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