Essays
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February 23, 2026
Why does nobody believe you when you say you've changed?
Ørsted eliminated 96% of emissions. The stock collapsed 83%. ExxonMobil never set a climate target. It was never punished. The market is telling companies that silence carries less risk than ambition.
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February 16, 2026
Why do the most regulated industries have the fewest scandals?
Aviation, nuclear, and pharma are the most regulated industries on earth. They also have the lowest failure rates. Crypto, fast fashion, and compounding pharmacies tell the opposite story. Coincidence?
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February 9, 2026
Why is "we didn't know" becoming the most expensive sentence in business?
U.S. Customs impounded thousands of VW, Porsche, and Audi vehicles over a single subcomponent. Isotope labs can trace cotton to its field of origin. Supply chain ignorance used to be free. Now it's a priced risk.
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February 2, 2026
Who are auditors actually working for?
EY audited Wirecard for ten years and missed €1.9 billion in fictitious assets. Theranos passed inspections. Boeing certified itself. The pattern isn't corruption — it's what audits were designed to test.
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January 26, 2026
Why do the companies that invest the most in values abandon them first?
DEI programs dismantled. ESG timelines pushed to 'aspirational.' AI ethics boards dissolved. The companies that collapse hardest are the ones that invested the most. The failure isn't moral — it's structural.
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January 19, 2026
Why is it so hard for legal businesses to find a bank?
Cannabis companies, crypto founders, Nigel Farage, and Muslim charities all lost their bank accounts. They share no ideology. They share a structural problem banks won't talk about.
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January 12, 2026
Why did Europe build the most ambitious transparency system in history — and then dismantle it?
The CSRD was the most comprehensive corporate transparency regulation ever attempted. Then Europe dismantled it. The companies that benefited most weren't the ones complaining.