Elizabeth Holmes, Theranos and the entrepreneur as criminal
In Overland, Scott Robinson writes about the whitewashing of fraud and harm under financial capitalism:
Businesses like Theranos—a Silicon Valley medical technology startup—are routinely celebrated for their disruptive destruction of the ordinary order. As the company began to attract investment, up to almost US$10 billion before it was closed, the financial press cheered it on. The Financial Times opined that ‘the US healthcare market is ripe for disruption’ even as questions were being raised by journalists at the Wall Street Journal. Even as the full extent of Theranos’ mismanagement was being exposed, Holmes defended herself against critics she cast ‘as part of the old-fashioned medical elite, scared of the changes she promises.’