How Do We Protect Ourselves from Billion-Dollar Boy-Men?

Source: Quillette
by Jonathan Kay

“When Hollywood gives us the inevitable biopic about Sam Bankman-Fried and the collapse of his FTX cryptocurrency exchange, it’ll be interesting to see whether even skilled filmmakers are able to convincingly portray Bankman-Fried as any kind of compelling villain figure. FTX’s 30-year-old founder has admitted to many mistakes. But while his operations are now being investigated by the Securities and Exchange Commission and Justice Department, there isn’t yet any evidence that he’s committed a crime. His sins, rather, seem to be those of a distracted young dilettante who was in over his head, and who never fully realized that running a $32-billion company operating in a volatile financial sector is a full-time job.” (11/22/22)