n March 28, Federal Judge Lewis A. Kaplan will sentence former FTX chairman Sam Bankman-Fried on seven separate counts of fraud and conspiracy, with federal prosecutorsIn some respects, Bankman-Fried’s story is familiar. He is hardly the first prominent figure in the financial world to face consequences for some very poor decisions.
Rousseau was, if anything, more famous a philosopher than Singer and MacAskill in an age when intellectuals were revered as society’s most illustrious celebrities. The Swiss thinker acquired his fame with essays and books on moral and political philosophy, such as his in which he defended the working class, praised moral virtue, railed against economic inequality, and condemned his contemporaries for their indifference to the suffering around them.
But Rousseau’s most compelling insight was psychological. He understood that a paradox lay at the heart of the philosophy proposed by his fictional correspondent. Creating wealth required selfishness and avarice. Charity, by contrast, demanded generosity. Decades spent greedily chasing profits would render it nearly impossible to maintain one’s philanthropic impulses.
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