Sep 16, 2026
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8 min read
The lines the system was organised around are dissolving faster than the institutions built on them.
Sep 4, 2026
9 min read
Nvidia bought the open model layer, the Pentagon bought Venezuelan oil, Iran absorbed six months of bombing, and the Dutch moved their gold out of New York. Buying things is the easy part.
Aug 29, 2026
11 min read
Perma-crisis: America now generates shocks instead of absorbing them. Plus Acemoglu under attack, fewer fires burning far more ground, and drinking at a 1939 low.
Aug 20, 2026
Four fronts, one story: the erosion of American power — called out by its own spies, hedged by its allies, patched in its markets, undercut in its technology
Aug 11, 2026
7 min read
Aug 2, 2026
Iran won't surrender, China builds banned chip machines, the hottest AI fund gets margin called, and AI models escape their safety tests
