By Charles Hugh Smith
OfTwoMinds.com
February 11, 2026
This isn't "Capitalism," it's Model Collapse ushering in the inevitable conflagration.
One of the most peculiar hyper-normalized hallucinations about "Capitalism" is that markets and the economy "should always go up" and if they don't, something is terribly wrong and somebody better do something to fix it.
Remarkably, this hyper-normalized hallucination is the exact opposite of real-world "Capitalism," which relies on the periodic clearing of excesses of debt, leverage and speculation as its essential mechanism of self-correction and adaptation.