Paul Krugman: Privilege corrupts, and it easily breeds a sense of entitlement.
In this March 9, 2020, photo, Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington.Some years ago — I think it was 2015 — I got a quick lesson in how easy it is to become a horrible person.
Then, when the conference was over, there was a car waiting to take me back to the airport. And just for a minute I found myself thinking, “What? I have to take aAnyway, the lesson I took from my moment of pettiness was that privilege corrupts, that it very easily breeds a sense of entitlement.
As the Times’ Kevin Roose recently pointed out, Musk still has many admirers in the technology world. They see him not as a whiny brat but as someone who understands how the world should be run — an ideology that writer John Ganz calls bossism, a belief that the big people shouldn’t have to answer to, or even face criticism from, the little people.
Indeed, the cult of the genius entrepreneur has played a large role in the rolling debacle that is crypto. Sam Bankman-Fried of FTX wasn’t selling a real product nor, as far as anyone can tell, are those of his former competitors who haven’t yet gone bankrupt: After all this time, nobody has come up with significant real-world uses for cryptocurrency other than money-laundering.
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