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Pluralistic: The Epstein class and collapse porn (09 Feb 2026)


Today's links


A detail of a US $100 bill. Jeffrey Epstein's mugshot has been overlaid over Benjamin Franklin's portrait. Peter Thiel's portrait has been swapped for the US Dept of Treasury seal. Trump's signature has been swapped for the US Treasurer's signature. The line of zeroes after the 100, top and bottom, has been extended to the edge of the image. The image has been roughed up and recolored in a hellish mix of reds and yellows.

The Epstein class and collapse porn (permalink)

It's hard to talk about the Epstein class without thinking about "The Economy" – "The Economy" in the sense of a kind of mystical, free-floating entity whose health or sickness determines the outcomes for all the rest of us, whom we must make sacrifices to if we are to prosper.

As nebulous as "The Economy" is as an entity, there's an economic priesthood that claims it can measure and even alter the course of the economy using complex mathematics. We probably won't ever understand their methods, but we can at least follow an indicator or two, such as changes to GDP, an aggregated statistic that is deceptively precise, given that it subsumes any number of estimates, qualitative judgments and wild-ass guesses, which are all disguised behind an official statistic that is often published to three decimal places.

There's plenty to criticize about GDP: a healthy GDP doesn't necessarily mean that the average worker is better off. When your rent goes up, so does GDP. Same with your salary going down (provided this results in more spending by your boss). GDP isn't really a measure of the health of "The Economy" – it's a measure of the parts of "The Economy" that make rich people (that is, the Epstein class) better off.

But what if there was a way to make money from calamitous collapses in GDP? What if the wealthy didn't just win when "number go up," but also when "number eat shit?"

The latest batch of Epstein emails includes a particularly ghoulish exchange between Epstein and his business partner, the anti-democracy activist and billionaire Peter Thiel:

https://www.justice.gov/epstein/files/DataSet%209/EFTA00824843.pdf

The email is dated 26 Jun 2016, right after Brexit, and in it, Epstein writes:

return to tribalism . counter to globalization. amazing new alliances. you and I both agreed zero interest rates were too high, as i said in your office. finding things on their way to collapse , was much easier than finding the next bargain

This is a perfect example of what Naomi Klein calls "disaster capitalism." It's been the norm since the crash of 2008, when bankers were made whole through public bailouts and mortgage holders were evicted by the millions to "foam the runway" for the banks:

https://wallstreetonparade.com/2012/08/how-treasury-secretary-geithner-foamed-the-runways-with-childrens-shattered-lives/

The crash of 2008 turned a lot of people's homes – their only substantial possessions – into "distressed assets" that were purchased at fire-sale prices by Wall Street investors, who turned around and rented those homes out to people who were now priced out of the housing market at rents that kept them too poor to ever afford a home, under slum conditions that crawled with insects and black mold:

https://pluralistic.net/2024/10/01/housing-is-a-human-right/

Note here that economic collapse helps the Epstein class only if society has no social safety net. If Obama had supported homeowners instead of banks, there wouldn't have been a foreclosure crisis and thus there wouldn't have been any "distressed assets" flooding the market.

So it's no surprise that the Epstein class are also obsessed with austerity. Peter Mandelson (British Labour's "Prince of Darkness") is a close ally of Epstein's, and also a key figure in the crushing austerity agenda of Blair, Brown and Starmer. He's a machine for turning Parliamentary majorities into distressed assets at scale.

Same for Steve Bannon, another close Epstein ally, who boasts about his alliances with far-right figures who exalt the capital class and call for deregulation and the elimination of public services: Le Pen, Salvini, Farage. Combine that with Epstein and Thiel's gloating about "finding things on their way to collapse…much easier than finding the next bargain," and it starts to feel like these guys are even happier with "number eat shit" than they are with "number go up."

Trump is the undisputed king of the Epstein class, and he seems determined to drive "The Economy" over a cliff. Take his tariff program, modeled on the McKinley tariffs of 1890, which led to the Panic of 1893, a financial crisis that saw one in four American workers forced into unemployment and 15,000 businesses into bankruptcy (that's a lot of distressed assets!):

https://en.wikipedia.org/wiki/Panic_of_1893

Then there's Trump's mass deportation program, which will force lots of businesses (farms, restaurants, etc) into bankruptcy, creating another massive pool of distressed assets. Trump's given ICE $75b, while the DoJ Antitrust Division and FTC (which protect Americans from corporate scams) have seen their budgets take a real-terms cut. The majority of DoJ lawyers and FBI agents are working on immigration cases (against workers, not employers, mind!). The Antitrust Division has $275m to fight all of America's corporate crime:

https://www.organizedmoney.fm/p/white-collar-crime-enforcement-in

I'm not saying that Trump is trying to induce another massive economic crash. I'm saying, rather, that within his coalition there is a substantial bloc of powerful, wealthy people who are on the hunt for "things on their way to collapse," and who are doubtless maneuvering to frustrate other Trump coalition members who are solely committed to "number go up."

Even the collapse of crypto creates lots of opportunities to "buy the dip." Not the dip in crypto (crypto's going to zero), but the dip in all the real things people bought with real money they got by borrowing against their shitcoins.

The thousand-plus children that Epstein lured to his island rape-camp were often "distressed assets" in their own right: Julie K Brown's groundbreaking reporting on Epstein for the Miami Herald described how he sought out children whose parents were poor, or neglectful, or both, on the grounds that those children would be "on their way to collapse," too.

The Epstein class's commitment to destroying "The Economy" makes sense when you understand that trashing civilization is "much easier than finding the next bargain." They want to buy the dip, so they're creating the dip.

They don't need the whole number to go up, just theirs. They know that inclusive economies are more prosperous for society as a whole, but it makes criminals and predators worse off. The New Deal kicked off a period of American economic growth never seen before or since, but the rich despised it, because a prosperous economy is one in which it gets harder and harder to find "things on their way to collapse," and thus nearly impossible to "find[] the next bargain."

(Image: Gage Skidmore, CC BY-SA 3.0)

Hey look at this (permalink)


A shelf of leatherbound history books with a gilt-stamped series title, 'The World's Famous Events.'

Object permanence (permalink)

#25yrsago Yours is a very bad hotel https://www.slideshare.net/slideshow/yours-is-a-very-bad-hotel/34583

#20yrsago Kids refuse to sell candy after completing health unit https://web.archive.org/web/20060223010123/http://www.guardian.co.uk/worldlatest/story/0,,-5600588,00.html

#20yrsago Disneyland model recreates Yippie invasion of 1970 https://web.archive.org/web/20051228122604/http://dannysland.blogspot.com/2005/12/great-moments-in-disneyland-history.html

#20yrsago Canadian Red Cross wastes its money harassing video game makers https://web.archive.org/web/20060221020835/https://www.igniq.com/2006/02/canadian-red-cross-wants-its-logo-out.html

#20yrsago How Yahoo/AOL’s email tax will hurt free speech https://web.archive.org/web/20060213175705/https://www.eff.org/deeplinks/archives/004398.php#004398

#20yrsago Adbusters and the Economist have the same covers https://pieratt.com/odds/adbusters_vs_theeconomist.jpg

#20yrsago Head of British Vid Assoc: Piracy doesn’t hurt DVD sales http://news.bbc.co.uk/1/hi/entertainment/4691228.stm#6

#20yrsago Countries around the world rebelling against extreme copyright https://web.archive.org/web/20060629232414/http://www.michaelgeist.ca/index.php?option=com_content&task=view&id=1095

#20yrsago Web 1.0 logo-mosaic https://web.archive.org/web/20060506074530/https://www.complexify.com/buttons/

#15yrsago Is it legal to print Settlers of Catan tiles on a 3D printer? https://web.archive.org/web/20110131102845/https://publicknowledge.org/blog/3d-printing-settlers-catan-probably-not-illeg

#15yrsago UK Tories get majority of funding from bankers https://www.theguardian.com/politics/2011/feb/08/tory-funds-half-city-banks-financial-sector

#15yrsago Colorado Springs school bans kid who takes THC lozenges for neuro condition from attending because of “internal possession” https://www.coloradoindependent.com/2011/02/07/teens-medical-marijuana-fight-escalates-as-school-says-he-cannot-come-back-to-class-after-going-home-for-medicine/

#15yrsago Hamster-powered strandbeest walker https://crabfuartworks.blogspot.com/2011/02/hamster-powered-walker.html

#15yrsago Daytripper: wrenching existential graphic novel https://memex.craphound.com/2011/02/08/daytripper-wrenching-existential-graphic-novel/

#15yrsago Pactuator: a mechanical, hand-cranked Pac-Man https://upnotnorth.net/projects/pac-machina/pactuator/

#15yrsago Floppy drive organ plays toccata www.youtube.com/watch?v=dmoDLyiQYKw

#15yrsago Mike Mignola talks setting and architecture https://www.bldgblog.com/2011/02/ruin-space-and-shadow-an-interview-with-mike-mignola/

#15yrsago BBC to delete 172 unarchived sites, geek saves them for $3.99 https://web.archive.org/web/20110210152012/https://bengoldacre.posterous.com/nerd-saves-entire-bbc-archive-for-399-you-can

#10yrsago Australia, the driest country on Earth, eliminates basic climate science research https://www.scientificamerican.com/article/australia-cuts-110-climate-scientist-jobs/

#10yrsago Copyright trolls who claimed to own “Happy Birthday” will pay $14M to their “customers” https://web.archive.org/web/20160210091717/http://consumerist.com/2016/02/09/happy-birthday-song-settlement-to-pay-out-14-million-to-people-who-paid-to-use-song/

#10yrsago Eviction epidemic: the racialized, weaponized homes of America’s cities https://www.newyorker.com/magazine/2016/02/08/forced-out

#10yrsago Association of German judges slams US-EU trade deal for its special corporate courts https://www.techdirt.com/2016/02/09/top-german-judges-tear-to-shreds-eus-proposed-tafta-ttip-investment-court-system/

#10yrsago A digital, 3D printed sundial whose precise holes cast a shadow displaying the current time https://www.mojoptix.com/fr/2015/10/12/ep-001-cadran-solaire-numerique/

#10yrsago Jughead is asexual https://www.themarysue.com/jughead-asexuality/

#10yrsago Vtech, having leaked 6.3m kids’ data, has a new EULA disclaiming responsibility for the next leak https://web.archive.org/web/20160210092704/https://motherboard.vice.com/read/hacked-toy-company-vtech-tos-now-says-its-not-liable-for-hacks

#10yrsago How America’s presidents started cashing out https://web.archive.org/web/20160208210036/https://theintercept.com/2016/02/08/taxpayers-give-big-pensions-to-ex-presidents-precisely-so-they-dont-have-to-sell-out/

#10yrsago Bill criminalizing anal and oral sex passes Michigan Senate https://www.thenewcivilrightsmovement.com/2016/02/michigan_senate_passes_bill_saying_sodomy_is_a_felony/

#10yrsago Hacker promises dump of data from 20K FBI and 9K DHS employees https://web.archive.org/web/20160208214013/https://motherboard.vice.com/read/hacker-plans-to-dump-alleged-details-of-20000-fbi-9000-dhs-employees

#10yrsago Blooks: functional objects disguised as books https://www.theguardian.com/books/2016/jan/30/blook-madness-inside-the-world-of-bogus-books

#10yrsago Indian regulator stands up for net neutrality, bans Facebook’s walled garden https://arstechnica.com/tech-policy/2016/02/facebooks-free-internet-app-banned-by-indias-new-net-neutrality-rule/

#10yrsago British spies want to be able to suck data out of US Internet giants https://www.washingtonpost.com/world/national-security/the-british-want-to-come-to-america–with-wiretap-orders-and-search-warrants/2016/02/04/b351ce9e-ca86-11e5-a7b2-5a2f824b02c9_story.html

#5yrsago Fleet Street calls out schtum Tories https://pluralistic.net/2021/02/09/permanent-record/#foia-uk

#5yrsago The ECB should forgive the debt it owes itself https://pluralistic.net/2021/02/09/permanent-record/#ecb

#5yrsago Favicons as undeletable tracking beacons https://pluralistic.net/2021/02/09/permanent-record/#supercookies

#5yrsago Snowden's young adult memoir https://pluralistic.net/2021/02/09/permanent-record/#ya-snowden

Upcoming appearances (permalink)

A photo of me onstage, giving a speech, pounding the podium.


A screenshot of me at my desk, doing a livecast.

Recent appearances (permalink)


A grid of my books with Will Stahle covers..

Latest books (permalink)


A cardboard book box with the Macmillan logo.

Upcoming books (permalink)

  • "The Reverse-Centaur's Guide to AI," a short book about being a better AI critic, Farrar, Straus and Giroux, June 2026

  • "Enshittification, Why Everything Suddenly Got Worse and What to Do About It" (the graphic novel), Firstsecond, 2026

  • "The Post-American Internet," a geopolitical sequel of sorts to Enshittification, Farrar, Straus and Giroux, 2027

  • "Unauthorized Bread": a middle-grades graphic novel adapted from my novella about refugees, toasters and DRM, FirstSecond, 2027

  • "The Memex Method," Farrar, Straus, Giroux, 2027


Colophon (permalink)

Today's top sources:

Currently writing: "The Post-American Internet," a sequel to "Enshittification," about the better world the rest of us get to have now that Trump has torched America ( words today, total)

  • "The Reverse Centaur's Guide to AI," a short book for Farrar, Straus and Giroux about being an effective AI critic. LEGAL REVIEW AND COPYEDIT COMPLETE.

  • "The Post-American Internet," a short book about internet policy in the age of Trumpism. PLANNING.

  • A Little Brother short story about DIY insulin PLANNING

This work – excluding any serialized fiction – is licensed under a Creative Commons Attribution 4.0 license. That means you can use it any way you like, including commercially, provided that you attribute it to me, Cory Doctorow, and include a link to pluralistic.net.

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2026-02-09 10:29:37

Rijnmond - Nieuws

Het laatste nieuws van vandaag over Rotterdam, Feyenoord, het verkeer en het weer in de regio Rijnmond

Reeks autobranden houdt aan: nu gaat Rolls-Royce in vlammen op

Een auto is in de nacht van zondag in maandag verwoest door brand in Dordrecht. Dat gebeurde even voor 02.00 uur op de Dr. L.L. Zamenhoflaan.
2026-02-09 10:21:44

Uitgave unieke Feyenoord boeken-box: 'Een mooi eerbetoon aan Jan Oudenaarden'

Een unieke Feyenoord-box van vier boeken komt eind mei uit. De box bevat vier boeken met in totaal ruim 2000 pagina’s. Nog nooit eerder verscheen er een uitgave over Feyenoord die zoveel pagina’s telt.
2026-02-09 10:18:40

Wel.nl

Minder lezen, Meer weten.

Nathalie van Berkel voor D66 staatssecretaris op Financiën

DEN HAAG (ANP) - Nathalie van Berkel wordt volgens ingewijden staatssecretaris van Financiën voor D66. Ze zit nu nog voor de partij van Rob Jetten in de Tweede Kamer. Zij zat eerder onder meer in de raad van bestuur van uitvoeringsorganisatie UWV.

Van Berkel werd vorig jaar in de Tweede Kamer gekozen. Daar houdt ze zich voor de sociaal-liberalen bezig met financiën. Op het ministerie gaat ze samenwerken met VVD-minister Eelco Heinen.


2026-02-09 10:19:03

Dodental door instorten gebouwen in Libanese Tripoli stijgt

TRIPOLI (ANP/RTR/AFP) - Het dodental door het instorten van woongebouwen in het Libanese Tripoli is gestegen naar veertien. Acht mensen konden worden gered, melden de autoriteiten in Libanese media.

In de tweede stad van Libanon zijn afgelopen weekend twee aangrenzende gebouwen ingestort. Er waren berichten dat daar 22 mensen woonden. Onduidelijk is nog of personen worden vermist, maar de zoek- en reddingsoperatie zou inmiddels zijn beëindigd.

Het komt vaker voor dat oude gebouwen bezwijken in de stad. De burgemeester zei eerder tegen de pers dat duizenden mensen in onveilige panden gevaar lopen door jarenlange verwaarlozing. "De situatie gaat de capaciteiten van de gemeente Tripoli te boven."


2026-02-09 10:18:08

Aantal asielzoekers Ter Apel blijft boven de limiet

TER APEL (ANP) - Opvangorgaan COA slaagt er niet in om het aantal asielzoekers in het aanmeldcentrum in Ter Apel onder de grens van 2000 te krijgen. Ook tijdens het weekeinde zaten er te veel mensen in het complex. Dat is nu twee weken achter elkaar het geval, de langste periode sinds november.

In de nacht van zondag op maandag ving het aanmeldcentrum 2041 asielzoekers op. Dat was ongeveer gelijk aan de nachten ervoor. Het COA plaatst asielzoekers over naar andere locaties wanneer daar plek vrijkomt, maar krijgt ook nieuwe mensen binnen.

Het aanmeldcentrum ligt in de gemeente Westerwolde in Groningen. Opvangorgaan COA heeft met de gemeente afgesproken dat er maximaal 2000 mensen op het terrein mogen worden opgevangen. Voor elke dag erboven moet het COA een dwangsom van 50.000 euro aan de gemeente betalen. Het bedrag is nu opgelopen tot 3,35 miljoen euro.

Te weinig noodopvanglocaties

Eind januari zaten er voor het laatst minder dan 2000 asielzoekers in Ter Apel, maar dat was nipt. Voor het COA was het net genoeg om aan een dwangsom te ontkomen, maar rustig was het niet in het aanmeldcentrum.

Asielzoekers moeten na aankomst in Nederland naar Ter Apel om zich daar te laten registreren. Het is de bedoeling dat ze daarna naar een asielzoekerscentrum gaan, maar die zitten allemaal zo goed als vol. Bovendien hebben gemeenten te weinig noodopvanglocaties. Dat asielzoekerscentra zo vol zitten, komt onder meer doordat duizenden statushouders er noodgedwongen blijven. Die zijn erkend als vluchteling en mogen dus in Nederland blijven, maar door woningnood is er geen plek voor hen.

Vorige week kwamen afgerond 900 asielzoekers naar Nederland, tegen afgerond 700 in dezelfde week vorig jaar. De instroom ligt sinds begin november iets hoger dan een jaar eerder. Het aantal aanvragen ligt echter aanzienlijk lager dan tijdens de piek van eind 2023 en begin 2024. Bij de asielzoekers gaat het niet alleen om nieuwe aanvragen, maar bijvoorbeeld ook om nareizigers. Zij mogen naar Nederland komen om zich aan te sluiten bij een familielid dat asiel heeft gekregen. Ook mensen die al in Nederland zijn en opnieuw asiel hebben aangevraagd, zijn meegenomen in de cijfers.


2026-02-09 10:15:38

Premier Japan na monsterzege: draagvlak voor grote veranderingen

TOKIO (ANP/AFP) - De Japanse premier Sanae Takaichi ziet in haar monsterzege bij de parlementsverkiezingen een signaal dat er draagvlak is voor grote veranderingen. "Wij geloven dat het publiek begrip en sympathie heeft getoond voor onze oproepen over de dringende noodzaak van een grote beleidsverandering", zei ze op een persconferentie.

De verklaring volgde op een historische overwinning van haar conservatieve Liberaal-Democratische Partij (LDP). Die lijkt te kunnen rekenen op een uitzonderlijke tweederdemeerderheid in de Japanse Tweede Kamer. De door de Amerikaanse president Donald Trump gesteunde Takaichi wil onder meer hogere defensie-uitgaven en dat kan China nerveus maken.

De relatie tussen de Oost-Aziatische landen stond al onder druk na uitspraken van Takaichi over Taiwan in november. China waarschuwde maandag dat "roekeloos" optreden door Japan niet zonder gevolgen zal blijven en herhaalde de eis dat Takaichi haar eerdere uitspraken intrekt.


2026-02-09 10:14:12

D66'er Stientje van Veldhoven naar Klimaat en Groene Groei

DEN HAAG (ANP) - Stientje van Veldhoven wordt minister van Klimaat en Groene Groei voor D66. Dat bevestigt een ingewijde na berichtgeving van RTL Nieuws. Ze is eerder staatssecretaris van Infrastructuur en Waterstaat geweest en zat ook lang voor D66 in de Tweede Kamer.

De afgelopen jaren was Van Veldhoven werkzaam bij het World Resources Institute. Ze was daar vicepresident en directeur Europa.


2026-02-09 10:13:04

The Register

Biting the hand that feeds IT — Enterprise Technology News and Analysis

Matrix is quietly becoming the chat layer for governments chasing digital sovereignty

One-to-one and group messaging, encrypted VoIP calls, video conferencing – the open protocol handles them all

FOSDEM 2026  Amid growing interest in digital sovereignty and getting data out of the corporate cloud and into organizations' ownership, the Matrix open communication protocol is thriving.…

2026-02-09 10:15:08

home - NRC

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Conservatieven in Thailand surfen op golven van patriottisme naar winst bij verkiezingen

Sinds het grensconflict met Cambodja vorig jaar oplaaide, overspoelde een golf van patriottisme Thailand. De conservatieve politicus Anutin Charnvirakul, die goede banden met het leger heeft, maakte daarvan behendig gebruik en won de verkiezingen van zondag.
2026-02-09 10:10:05