David Sacks and the Entire American Tech Stack Win! -- EmptyWheel
https://www.emptywheel.net/2025/12/01/david-sacks-and-the-entire-american-tech-stack-win/
Something funny is happening over at Xitter.
Yesterday,
NYT published a 3,000-word profile of David Sacks describing how his installment as the White House AI and crypto czar has led to a number of decisions that may not benefit the US, such as sharing AI technology with UAE in seeming exchange for personal gain for others, including Trump. The profile quotes Sacks own spokesperson explaining that poor David Sacks just wants the entire American tech stack to win.
It also quotes Steve Bannon, which might hint at where the article came from, warning of the road to perdition!
Steve Bannon, a former adviser to Mr. Trump and a critic of Silicon Valley billionaires, said Mr. Sacks was a quintessential example of ethical conflicts in an administration where the tech bros are out of control.
They are leading the White House down the road to perdition with this ascendant technocratic oligarchy, he said.
In general, the article is a bit of a squish. As one critical example, it doesnt mention Sacks role in fueling a run on Silicon Valley Bank only to whine and whine and whine until Sleepy Joe Biden bailed out the billionaires, the most significant lesson to explain Sacks installation.
. . .
And they all tagged Sacks and he RTed them (well, except for Shkreli) and all these billionaire tech bros were performing a circle jerk for the benefit of the foreign trolls their host has installed, as if that performance itself could affirm the value of all this tech brobery to real Americans.
None of this exposes the real underlying problem here, the degree to which the American economy has been hollowed out so these bro boys can attempt to divorce themselves from the physical reality of real people entirely.
. . .