Effective altruism by Sam Bankman-Fried w.r.t. his political donations (dems: transparently; republicans: secretly)

cross-posted from: https://links.hackliberty.org/post/307315

Considering Sam Bankman-Fried claimed to practice #effectiveAltruism, and the fact that he makes substantial political donations, I thought we can validate to some extent whether his effective altruism is bogus or genuine. I thought this would be easily settled. If he favors democrats, he’s putting humanity above wealth & tyranny. If republicans, the altruistic claim can be easily dismissed.

It turns out #SamBankmanFried donated to democrats and republicans both. It’s unclear if the donations were equally effective for both parties, but interesting that he donated to dems in-the-clear while hiding donations to republicans. One of the notable donations went to a congressman who was most critical of cryptocurrency. So naturally he had to bribe that politician.

Dems were surprised to find that he also donated to republicans (and by his own admission!). Had he donated to both parties in transparency, recipients could see their opponent is also being fed and disregard the donation (i.e. give no preferential treatment). Seeing all the recipients would reveal if there were at least a consistent ideology or philosophy in play.

I have to conclude the political donations were likely all just to promote his own success. It does not completely nix the claim of effective altruism because he would argue it was purely a wealth accumulation endeavor as a precursor to effective altruism. But I have to say someone who is fully engaged in the idea of effective altruism would be irresistibly selective in who receives political contributions even at the cost of reduced wealth. A humanitarian would not be able to stomach the idea of financing a republican war chest.

You also have to figure that since he chose to make dem financing transparent and repub financing in the dark, he inherently gave republican recipients full view of it. That’s only viable if he donates much more to republicans who would see that he donates mere peanuts to the opponent for optics.