Published Nov 15, 2022

SBF in Shambles (w/Teddy Schleifer)

Eric Newcomer and Teddy Schleifer delve into the unraveling saga of Sam Bankman-Fried, exploring his controversial role in political funding, the collapse of FTX, and the impact on effective altruism, while also examining Peter Thiel's influence in reshaping Republican politics.
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  • Democratic Donations

    Sam Bankman-Fried's influence as a major Democratic donor has sparked significant political fallout. highlights the obsession among Democrats and progressive fundraisers with Bankman-Fried, who was seen as a potential power broker for decades 1. His donations, primarily to his own super PAC, have raised questions about the Democrats' readiness to accept his money despite his controversial figure 2. Schleifer notes, "It's almost like, not only what was lost in the present, but sort of the future earnings that are now out of the picture."

    Will MacAskill, a mentor to Bankman-Fried, expressed shock and alleged deception by FTX leadership.

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    This situation has led to a broader reflection on media bias and the Democrats' implicit bias towards Bankman-Fried due to his persona and politics.

       

    Republican Dynamics

    Peter Thiel's political influence, particularly in Republican campaigns, has been a topic of debate. argues that Thiel's financial support was crucial for candidates like JD Vance, who won his Senate seat, indicating Thiel's significant impact 3. However, the outcomes of Thiel's political experiments have been mixed, with some in the Republican establishment viewing his influence as counterproductive 4. Schleifer suggests, "Some stories make it seem like he wants to be like, a kingmaker and a power broker. I do not think that is true."

    The energy in Silicon Valley is with the right, as seen in Elon's takeover of Twitter.

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    This shift in political dynamics reflects broader changes in political alignment, impacting both Silicon Valley and national politics.

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