Fearless commentary on finance, economics, politics and power

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Drone warfare in Ukraine now evolves at startup speed. Field hacks turned into industrial lines, FPVs pierce armor, and long-range systems impose steep defensive costs. A compressed feedback loop, from Internet to battlefield, rewards rapid adaptation over pedigree. Airpower is no longer confined to manned jets and billion-dollar missile programs, it is distributed, expendable, and persistent.

A wonderful supporter has thrown down the gauntlet with a new “Double Your Donation” challenge! Please make his offer a speedy success!

More evidence of Trump law enforcement officials using unwarranted violence, here shooting, against protestors.

It’s taken many years of hot lights from Naked Capitalism to get CalPERS to shape up, and there finally has been real progress.

When Silicon Valley’s darkest company is warning about the dangers of the UK’s proposed digital identity system, something may be amiss.

Establishment Democrats and Donald Trump both agree there is no alternative to the relentless upward mobility of wealth, is there any hope of change?

RFK, Jr. really does act like he is out to stop vaccines in their entiretly in the US. That’s the most logical explanation for his latest push

David Ellison is installing Bari Weiss as the new EIC of CBS News, paying $150 million for her publication The Free Press. She will likely handle hasbara for the network.

If the administration continues to expand guest worker programs and makes good on anti-capitalism pre-crime threats, who there by any union workers left for planned general strike on May Day of 2028? 

Thanks to your support, Naked Capitalism has been able to keep telling truths that the officialdom tries hard to hide. Please chip in!

The third government Macron has tried to form, under Sébastien Lecornu, fell with shocking speed. Time for a Macron death watch?

“If you can’t maintain your health, how are you going to work to pay back a debt? And if you fundamentally can’t pay the bill, wage garnishment isn’t going to help you do that. It’s going to put you in more financial distress.”