Week-end Wrap – Political Economy – February 15, 2026
by Tony Wikrent
They’re not capitalists — they’re predatory criminals
Why The Epstein Scandal Is Really A Billionaire Scandal – Barry’s Economics (YouTube)
Barry Ferns, Feb 8, 2026 [YouTube]
Everyone thinks Jeffrey Epstein was an aberration. The science says he was inevitable. This video breaks down the neuroscience, psychology, and economics that explain how extreme wealth concentration doesn’t just create inequality. but manufactures monsters.
00:00 – Introduction: The Elephant in the Room
02:04 – Part One: Power Rewires the Brain
03:30 – Part Two: The Empathy Gap and Isolation
05:19 – Part Three: Moral Licensing
08:13 – Part Four: Structural Impunity
10:50 – Part Five: Manufacturing Vulnerability
12.54 – Part Six: The Epstein Economy
15:53 – Stand-up Comedy Relief
The Epstein class and collapse porn
Cory Doctorow, 09 Feb 2026 [Pluralistic]
… 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:
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….
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.”
[TW: On October 30, 2025 Patriotic Millionaires posted a summary of modern studies which prove the corrupting power of wealth. But the problem of the psycho-pathology of the rich has been known for centuries:
[“It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God” is repeated three times in the New Testament, in Matthew 19:24, Mark 10:25, and Luke 18:25.
[In The Spirit of Laws, Book 5. Chapter 5, ”In what Manner the Laws establish Equality in a Democracy,” Montesquieu warned for “men of overgrown estates, everything which does not contribute to advance their power and honor is considered by them as an injury.…” ]
Why Do the Epstein Files Matter? An Expert on the Elites Explains Why
Mehdi Hasan and Team Zeteo, Feb 05, 2026 [via Naked Capitalism 02-10-2025]
In this can’t-miss ‘Mehdi Unfiltered’ interview, the Financial Times’ US editor and veteran columnist Edward Luce takes Mehdi on a deep dive into what it all means, and the who’s-who of those that appeared in the files, from Donald Trump, Steve Bannon, and Howard Lutnick, to Elon Musk, Noam Chomsky, and former Israeli Prime Minister Ehud Barak….During the wide-ranging interview, the Mehdi and Luce also discuss:
The world leader that could be brought down by the latest release of the Epstein files (hint: it’s not Trump!) Epstein’s deep involvement with Israeli and Russian intelligence services Why Joe Biden and then-Attorney General Merrick Garland didn’t do anything with these incriminating Epstein files when they were in office….“It’s an MRI of how things work in a culture where shame has vanished,” Luce tells Mehdi.
The slow Epstein earthquake: The rupture between the people and the élites
Alastair Crooke, February 9, 2026 [defenddemocracy.press]
Americans Want Accountability With the Epstein Files. Elites Couldn’t Care Less.
Dylan Gyauch-Lewis, February 10 2026 [The Intercept]
The list of elites who maintained close relationships with Epstein is long and includes prominent politicians, media figures, academics, and business leaders. In contrast, the list of people who have faced any meaningful consequences, at least in the United States, is so far quite short. Recently, Brad Karp, a top Democratic Party fundraising “bundler,” was removed as chair of the white-shoe law firm Paul Weiss after his extensive ties to Epstein were revealed. Peter Attia, the celebrity doctor and a new hire at Bari Weiss’ CBS News, resigned from a protein bar company after emails showed him making dirty jokes with Epstein. The economist Larry Summers was deemed toxic after a previous DOJ disclosure, went on leave from teaching at Harvard, and was unceremoniously dropped by numerous institutions. So far, that’s about the extent of it.
To be very explicit, this lack of serious consequences is a choice that powerful people in the United States are making. Meanwhile, in the United Kingdom, Prince Andrew is prince no more, reduced to merely Andrew Mountbatten-Windsor after King Charles removed all of his remaining royal titles; the former CEO of Barclays has been barred from the finance industry; the British ambassador to the United States, Peter Mandelson, has been forced out; Morgan McSweeney, Prime Minister Keir Starmer’s chief of staff and a Mandelson protege, was forced to resign under pressure; and Starmer risks losing his post over the Mandelson appointment. In Slovakia, the national security adviser to the prime minister has resigned. Accountability, if you care to enforce it, is in fact possible.
But on this side of the pond, elites have moved to protect powerful people with Epstein connections (themselves included). Donald Trump is the most obvious example; for any other president, the relationship between the two men would have been a fast track to impeachment. The documents also reveal how many powerful people maintained relationships with Epstein years after he was convicted of soliciting a minor for prostitution in 2008: Among them are former presidential adviser and current podcast bro Steve Bannon, Trump’s Commerce Secretary Howard Lutnick, Tesla et al. CEO and “MechaHitler” progenitor Elon Musk, LinkedIn co-founder Reid Hoffman, Palantir co-founder Peter Thiel, and Microsoft co-founder Bill Gates. Extensive redactions to the documents by the Justice Department have slow-walked matters even further, but on Tuesday, Rep. Ro Khanna took aim by reading off the names of “six wealthy, powerful men that the DOJ hid for no apparent reason” on the floor of Congress.
[TW: I want to break this out, as snark:
It is worth being quite clear here: This does not mean everyone who makes any appearance at all in the files needs to be excised from public life. For instance, the political commentators Megan McArdle, Josh Barro, Ben Dreyfuss, and Ross Douthat recently recorded a podcast episode titled “We’re All in the Epstein Files,” which notes that they all are there because of tweets that a third party shared with Epstein, mostly via a newsletter sent out by Gregory Brown. That sort of thing is not the point. In order to actually clean house, we need to be clear where the dirt is.
[A poster on Facebook argued that instead, we should use the same approach that ICE is using against undocumented aliens — round up, arrest and detain in some unknown place, everyone who appears to have had some connection to Epstein and Maxwell. Without due process, of course. What’s good for the goose is good for the gander.]
[Going Deep with Russ Baker, Feb 08, 2026]
Why Is Canadian Media Silent on Conrad Black Being in the Epstein Files?
Dougald Lamont, Feb 09, 2026
[TW: In the 1990s I was writing about Conrad Black’s shady business dealings at his Hollinger media cartel empire — half a billion dollars “lost” in two years in the late 90s — and helping trace his links to the British establishment that included former high level managers from MI-5 and MI-6. Black was a financial backer of one of the most destructive US neocons, Richard Perle. In the 1980s, Black gained control of the London Telegraph media group, and directed it to support Margaret Thatcher and Benjamin Netanyahu. Black’s holding also included the Chicago Sun-Times and The Jerusalem Post. Hollinger had an International Advisory Board which included Perle, Thatcher, Lord Peter Carrington, and Henry Kissinger. On the board of directors was Leslie Wexner, the man who appears to have provided the first big tranches of funds to Epstein. Black was convicted of financial crimes in July 2007, and sentenced to over six years in prison. In the past few years, he has been writing opinion pieces for the extremist conservative Epoch Times. Conrad Black is not related to Leon Black.]
Former police chief says Trump knew of Epstein abuse in 2006
[Drop Site Daily: February 10, 2026]
Former Palm Beach police chief Michael Reiter told the Federal Bureau of Investigation in a 2019 interview that President Donald Trump called him in July 2006, saying Jeffrey Epstein’s sexual abuse of teenage girls was widely known in New York and Palm Beach, according to a new report from The Miami Herald. Reiter’s account directly contradicts Trump’s public denials.
Bondi’s Binders: Failed State Ragebait — Why was the Attorney General screaming at Congress?
Jim Stewartson, Feb 12, 2026 [MindWar]
…Bondi’s motivations for signing up to Trump’s organized crime government are numerous. Her conflicts of interest are extraordinarily clear.
First, she was the Attorney General in Florida from 2011 to 2019, leaving office just a few months before Epstein was arrested by Bill Barr. For eight years, Epstein operated in her state without interference from law enforcement. In 2013, Donald Trump infamously donated $25,000 to her campaign, after which she declined to prosecute Trump University on fraud charges.
Either she knew what Epstein was doing and chose not to do anything about it, or she was too incompetent to know the most infamous pedophile in the world was still behaving like a pedophile in her state. Either way, she is personally invested in Epstein just going away.
Second, Bondi’s lobbying work is precisely aligned with the Trump regime. She was a lobbyist for private prison contractor GEO Group, whose main customer is ICE. And she was paid $115,000 per month to lobby Congress on behalf of Qatar.
Another recipient of Qatar’s largesse is Kash Patel….
Pam Bondi should be in jail for covering up for Jeffrey Epstein’s heinous crimes!
Dean Obeidallah, Feb 12, 2026
The consensus by the corporate media was that she was doing all this in the defense of her beloved Donald Trump. But what those media outlets are missing is that Bondi’s unhinged level of defensives was because she is guilty—and she knows it. Bondi has long protected Epstein and the powerful men who raped children and were trafficked women. She must be criminally investigated to determine if she broke the law doing this!
Before becoming US Attorney General, Bondi served for eight years as Florida’s AG from 2011 to 2019. That is the very state and time that Jeffrey Epstein was running his sprawling child rape and sex trafficking ring. As Trump’s own first term DOJ told us in a 2020 report, after Epstein was released from prison in 2009, he returned to his lavish lifestyle and was able to “continue his abuse of minors.”….
Attorney for Epstein Survivors Warns That Justice Is Impossible With Bondi as AG