ALT Quote from the newsletter Disconnect: Bankman-Fried’s supposed plan with his brother Gabe is significantly more ambitious, and shows just how much power, wealth, and self-confidence tech billionaires have accumulated over the past decade. He wanted to purchase an entire country through the FTX Foundation, where the pair would build a bunker to be certain that if there was an “event where 50-99.99% of people die,” they could ensure “most [effective altruists] survive.” The revelation is another knock against effective altruism (EA) too. When Bankman-Fried was on top of the world, he used the concept to frame himself as caring and empathetic; he was only making his crypto scams so he could help the world. But as his narrative has fallen apart, the EA movement — or at least its dominant branch — has been revealed as just another tech cult looking to cement its power and privilege.