The Corner

Politics & Policy

The Despicable Connection between the Covid Authoritarians and the FTX Fraud

Representations of cryptocurrencies are seen in front of displayed FTX logo in this illustration taken November 10, 2022. (Dado Ruvic, Illustration/Reuters )

In this essay, Jeffrey Tucker of the Brownstone Institute digs into the sleazy connections between Sam Bankman-Fried and the “progressive” demand that battling the Covid virus necessitated a vast expansion of governmental powers.

Here’s a slice: “Masking became a symbol of being a good person, same as vaccinating, veganism, and flying into fits at the drop of a hat over climate change. None of this has much if anything to do with science or reality. It’s all tribal symbolism in the name of group political solidarity. And FTX was pretty good at it, throwing around hundreds of millions to prove the company’s loyalty to all the right causes.”

Remember the furor over ivermectin? SBF helped to kindle the conflagration. Tucker writes, “For some reason, SBF just knew that he was supposed to oppose repurposed drugs, though he knew nothing about the subject at all. He was glad to fund a poor study to make it true and the New York Times played its assigned role in the whole performance.”

It’s almost funny that the statists always wail about the influence of right-wing “dark money,” and yet this ugly episode in our history was largely fueled by left-wing “dark money” that wasn’t even legitimately earned.

Here is Tucker’s conclusion: “So yes, we should all be furious and demand full accountability at the very least. Whatever the final truth, it is likely to be far worse than even the egregious facts listed above. It’s bad enough that lockdowns wrecked life and liberty. To discover that vast support for them was funded by fraud and fakery is a deeper level of corruption that not even the most cynical among us could have imagined.”

Read the whole thing.

George Leef is the the director of editorial content at the James G. Martin Center for Academic Renewal. He is the author of The Awakening of Jennifer Van Arsdale: A Political Fable for Our Time.
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