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Arnold Kling on Twitter, FTX, and ChatGPT

EconTalk

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Unmasking Controversy: Media and Charisma in Venture Capitalism

This chapter critically examines the motives behind a controversial figure's media presence amid allegations of fraud, linking effective altruism with authoritarianism. It explores the implications of his philanthropic endeavors, the allure of charismatic entrepreneurs, and the dynamics of risk in venture capital. Through a comparative analysis of figures like Sam Bankman-Fried and Jeff Bezos, it highlights the tensions between corporate risk aversion and the venture capital mentality.

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