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Deadbeat Dads, Nazis, Oysters, and Spit: Everyone’s Crossing a Line on ‘Industry’

Ambition at its most reckless and unfiltered.

By Precious Fondren

“Habseligkeiten,” the third episode of Industry’s fourth season, wastes no time reminding us that decency and boundaries are a myth at Pierpoint and anywhere in its orbit. As Harper and Eric try to find backing for their venture and the right evidence to figure out what’s going on at Tender, Yasmin and Henry continue turning attraction into a high-stakes bargaining chip. All of this amounts to an episode that fully embraces ambition at its most reckless and unfiltered, making the wildest moments a challenge to rank.

Runner-Up: Deadbeat Dads Club

Harper Stern (Myha'la) and Eric Tao (Ken Leung) on Industry
Photo by Simon Ridgway/HBO

Harper spends this entire episode refusing to indulge Eric’s sudden interest in emotional intimacy, and it’s brutal to watch. When Eric tries to steer their partnership toward something resembling trust or vulnerability, Harper shuts it down with surgical precision, delivering the most cutting lines like “You should know what your daughters like and dislike."

The power dynamic only sharpens as the episode goes on. Eric, increasingly desperate to humanize their relationship, attempts to buy access to her inner life by sweetening his financial stake in the company. By the end, he’s essentially offering a $10 million olive branch just to be let in, and Harper still doesn’t budge.

Runner-Up: Spending the Night With the Nazis

Whitney Halberstram (Max Minghella) and Sir Henry Muck (Kit Harington) on Industry
Photo by Simon Ridgway/HBO

Yasmin, Whitney, and Henry spend the episode courting Tender board members whose money comes with deeply unsettling baggage. The trio is forced to smile through a dinner steeped in “thinly veiled antisemitism,” which later on culminates in the chilling reveal of a Hitler painting casually displayed like décor. 

The scene is excruciating by design, exposing how far these characters are willing to contort themselves in the pursuit of power. It’s one of the episode’s most uncomfortable sequences, because of how normalized the offense becomes once money enters the room. 

Winner: “Now Spit on It”

Haley Clay (Kiernan Shipka) on Industry
Photograph by Simon Ridgway/HBO

Would it even be an episode of Industry without a quote that makes you pause, rewind, and question how we got here? The Mucks once again push things straight into jaw-dropping territory, formally inviting an outsider (executive assistant Hayley) into their bedroom and letting the power dynamics fully spiral. 

Yasmin slips back into her dominatrix mode with unnerving ease, controlling the room and the moment with absolute authority. Just as things reach their most peak, we’re jolted into the next morning, where Yasmin is calmly eating oysters like nothing happened. 

Later, when Henry tries to articulate that the night “didn’t feel right,” Yasmin dismisses him. 

“You wanted her, so you fucked her," she says. “I was just bold enough to know what to give you.”

Damn.