Did the Silicon Valley TV show predict Sam Bankman-Fried?

Sam Bankman-Fried was notable for his ethical approach to doing business, particularly “effective altruism”. New York Times, May 2022:

He lives modestly for a billionaire and has pledged to give away virtually his entire fortune, which currently stands at $21.2 billion, according to Forbes. A growing force in political fund-raising, he has a super PAC that recently gave more than $10 million to a Democratic congressional candidate who supports some of his philanthropic priorities. … a straight-talking brainiac willing to embrace regulation of his nascent industry and criticize its worst excesses.

Both Mr. Bankman-Fried’s parents are Stanford Law School professors who have studied utilitarianism, an ethical framework that calls for decisions calculated to secure the greatest happiness for the greatest number of people. “It’s the kind of thing we’d discuss in the house,” said Mr. Bankman-Fried’s father, Joseph Bankman.

As might be expected for a young man raised on dinner-table discussions of moral theory, Mr. Bankman-Fried is also an admirer of Peter Singer, the Princeton University philosopher widely considered the intellectual father of “effective altruism,” an approach to philanthropy in which donors strategize to maximize the impact of their giving.

Mr. Singer, whose scholarship helped inspire the movement, said he has gotten to know Mr. Bankman-Fried over the years and called his philanthropy “wonderful and really quite amazing.”

(Speaking of those donations to Democrats, will Joe Biden and other politicians refund the money that they received, fraudulently, from FTX customers? The Securities and Exchange Commission says that FTX and Sam Bankman-Fried were stealing money from customers all the time:

in reality, Bankman-Fried orchestrated a years-long fraud to conceal from FTX’s investors (1) the undisclosed diversion of FTX customers’ funds to Alameda Research LLC, his privately-held crypto hedge fund; (2) the undisclosed special treatment afforded to Alameda on the FTX platform, including providing Alameda with a virtually unlimited “line of credit” funded by the platform’s customers

The Democrats are now in the position of Ponzi scheme investors who got paid from other investors and the typical remedy for that is clawback. Joe Biden and fellow Democrats would return their ill-gotten money so that the small depositors at FTX can get some of their money back.)

Who could have predicted all of this? The writers of the HBO series Silicon Valley! In Season 6, which aired in 2018, Gavin Belson, the Hooli founder, introduces a hollow code of ethics for tech companies: “tethics”. Facebook and other California behemoths eagerly sign onto these empty words.

6 thoughts on “Did the Silicon Valley TV show predict Sam Bankman-Fried?

  1. I am still waiting for any mention of FTX to remind us that Major League Baseball umpires wore the FTX logo on their shirts the entire 2022 season.

  2. Whatever one may think about him, Beto O’Rurke did return FTX “donation”
    https://www.texastribune.org/2022/11/29/beto-orourke-sam-bankman-fried-ftx/

    There are rather bizarre circumstances surrounding the affair:
    1. No one else was charged so far. Perhaps they are cooperating.
    2. The arrest was made some hours before SFB was supposed to spill beans in his testimony. The arrest prevented him from doing so.
    3. Creditors’ information was “redacted” — highly unusual.
    4. It is not clear under what authority this Ray chap is operating. Allegedly, SFB himself appointed him.

    Etc, etc.

  3. Silly-con Valley is so shallow… I made a f ton of money there but I also grew to despise everything it stands for. High-tech is a total mockery of the engineering and science field I used to love.

    BTW, the TV serial is good (if you ignore tech-y ipsum lorem) – some protagonists are spot on portraits of some real people I knew.

  4. Daily Caller:

    Bud Brigham, the executive chairman of Brigham Minerals, testified Thursday before the Texas Senate Committee on State Affairs that a Wall Street bank allegedly threatened to deny him a loan unless he tweeted out specific political messages

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