The crisis of credibility faced by Western elites as they try and fail to patch over the bursting abscess that is the Epstein files release heralds something much more profound: potential systemic collapse.
Recent Items
Thursday, February 12, 2026
Coffee Break: Crisis of Credibility Edition
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 34 Comments »
Costs of Device-Reliant Parenting: Kids Deficient in Empathy and Storytelling Skills, Can’t Read, Show Declining Cognitive Performance
Another disconcerting report on the harm done to kids by device and tech heavy parenting
Topics: Guest Post, Technology and innovation
Posted by Yves Smith at 9:58 am | 39 Comments »
Links 2/11/2026
Topics: Links
Posted by Yves Smith at 6:55 am | 111 Comments »
Health and Wellbeing in the Age of Diagnosis
In this modern world, sometimes it seems that everyone has “something,” and many of these conditions are relatively “new” and their incidence is increasing. Leading diagnoses from the Diagnostic and Statistical Manual of Mental Disorders (DSM-5), include ADHD, autism, depression, and anxiety. Conditions that have become more common in recent years that have no primary […]
Topics: Health care, Science and the scientific method, Social policy, Social values
Posted by KLG at 6:45 am | 10 Comments »
Reuters Finds AI-Using Surgery Devices Harmed Patients; Nature Magazine and Reuters Find Medical Chatbots Not Beating Patients’ Own Internet Sleuthing
More reasons to be concerned about the aggressive implementation of AI in medicine.
Topics: Health care, Legal, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 5:30 am | 7 Comments »
The Finance Curse Is Killing Britain
A well-warranted harsh look at the high cost an overly-large and ever-more-extractive finance sector imposes on society as a whole.
Topics: Banking industry, Credit markets, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Investment management, Politics, Regulations and regulators, Ridiculously obvious scams, Social policy, The destruction of the middle class, The dismal science, UK
Posted by Yves Smith at 4:16 am | 8 Comments »
Coffee Break: Armed Madhouse – The Incredible Shrinking “Most Powerful Military in History”
The United States is not merely losing military capacity—it is losing the ability to recognize what it no longer has. As political posture outruns material readiness, allies and adversaries are conditioned to expect reserves of power that do not exist. The result is systematic risk mispricing, easier escalation, and a growing risk of military defeat.
Topics: Guest Post
Posted by Haig Hovaness at 2:00 pm | 39 Comments »
‘This Is Your Money’: Trump Assault on CFPB Has Cost Consumers $19 Billion
The affordability crisis includes the cost of being cheated, which due to the weakening of the CFPB alone is a handsome sum.
Topics: Banana republic, Banking industry, Credit cards, Free markets and their discontents, Guest Post, Income disparity, Legal, Politics, Regulations and regulators, Ridiculously obvious scams, The destruction of the middle class
Posted by Yves Smith at 9:59 am | 1 Comment »
Links 2/10/2026
Topics: Links
Posted by Yves Smith at 6:55 am | 102 Comments »
The Ultimate Insult: As Washington Starves Cuba of Energy (And Most Everything Else), It Offers $6 Million in Humanitarian Aid
The US State Department insists that US restrictions on oil in Cuba are not amplifying the need for humanitarian aid there.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 11 Comments »
America’s Real Health Crisis? Inequality— and a Generation Pays
Raw milk won’t cut it. Even being rich won’t save you. The fast track to improving health in America is tackling inequality
Topics: Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 5:31 am | 5 Comments »
The European Veal Pen: How the US Weaponized Russophobic Paranoia & Energy Geopolitics To Capture Control of Europe
Can Europe free itself from its capture by the US, which looked like a dandy idea until the US became an openly predatory hegemon?
Topics: China, Dubious statistics, Economic fundamentals, Europe, Globalization, Guest Post, Politics, Technology and innovation
Posted by Yves Smith at 4:46 am | 19 Comments »
Coffee Break: Trump’s Stochastic Election Attacks, AIPAC Misfire
In 2026, U.S. politics is definied by two trends: Democrats surging in special elections and Trump attacking the very idea of elections.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 28 Comments »
Journalism May Be Too Slow To Remain Credible Once Events Are Filtered Through Social Media
Some hand-wringing, as well as blame shifting, as to why social media and independent sites are eating the lunches of mainstream media.
Topics: Guest Post, Media watch, Politics, Technology and innovation
Posted by Yves Smith at 9:55 am | 20 Comments »
Iran War Watch: US Moves Towards Attack Footing Despite Questionable Odds of Success
On the Iran front, the US is taking steps that do not look like mere posturing. Many experts, including ones in Iran, think war is nigh.
Topics: China, Currencies, Doomsday scenarios, Economic fundamentals, Energy markets, Middle East, Politics, Russia
Posted by Yves Smith at 7:50 am | 90 Comments »
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