How the collapse of FTX put the effective altruism movement in jeopardy
On Point with Meghna Chakrabarti
WBUR
4.3 • 3.9K Ratings
🗓️ 21 December 2022
⏱️ 49 minutes
🧾️ Download transcript
Summary
Disgraced FTX founder Sam Bankman-Fried was one of the biggest proponents of a philanthropic movement called effective altruism. Where does the movement go from here? Molly White and Richard Chappell join Meghna Chakrabarti.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This episode is brought to you by Slack. With Slack, you can bring all your people and |
| 0:05.8 | tools together in one place. It's your digital HQ where you can increase productivity, |
| 0:11.0 | enable flexibility and automate workflows. Plus, Slack is full of game-changing features, |
| 0:16.8 | like huddles for quick check-ins or Slack Connect, which helps you connect with partners |
| 0:20.9 | inside and outside of your company. Slack, where the future works. Get started at Slack.com |
| 0:27.8 | Slack's DHQ. This episode is brought to you by Instax. Life is a ride meant to be captured, |
| 0:35.6 | but most importantly, shed. So snap those iconic moments instantly. Relive your most precious |
| 0:41.6 | memories forever. Instax Instax and cameras and smartphone printers let you give your take. |
| 0:47.9 | Give something real to those you love the most. Don't just take, give, Instax. Learn more |
| 0:55.3 | at Instax.co.uk. |
| 0:59.2 | This is on point. I'm Megna Chakrabardi. As recently as this summer, Sam Bankman-Freed was |
| 1:13.9 | known as a cryptocurrency wonderkind. He co-founded FTX, one of the biggest cryptocurrency exchanges |
| 1:20.8 | in the world, which helped him make more than $22 billion before his 30th birthday. But |
| 1:29.6 | Bankman-Freed wasn't about to shower all that cash on crypto boy toys like helicopters, |
| 1:35.9 | private islands, or a mega yacht. Or so we were told. Sam Bankman-Freed was instead going |
| 1:43.2 | to travel the path of humility, of generosity, of altruism. He'd keep only a tiny slice of |
| 1:50.3 | his earnings. The rest, he'd give away. |
| 1:53.1 | In the end, the way I think about basically is something like, well, I don't know, maybe |
| 1:57.4 | like one percent of it or something, all end up using on myself. But if I do well, and |
| 2:05.4 | obviously if I enter a perform, then these numbers don't have to change. But if I do |
| 2:10.9 | well, I think that should be kind of plenty for me. |
| 2:13.8 | That was Bankman-Freed espousing doing well by doing good back in September on CNBC. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from WBUR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of WBUR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

