Columns

Why oh why didn’t I buy more Bitcoin?

Every time I write about Bitcoin you can probably take it as a major sell signal. The last time I did so was in January 2014, at which point Bitcoin was trading around the $935 mark. Had you been inspired by my golden words and invested immediately in BTC (as we aficionados call it), here’s what would have happened: within a few months their value would have more than halved. ‘Bloody hell!’ you might have said. ‘This is an idiot’s game. Clearly there is no future in this stupid crypto-currency malarkey.’ But investment’s all about timing, isn’t it? Had you hung on a bit, watched it drift to its 2015 lows of around $216 dollars and at that point splurged your pension savings on, say, 200, you would now be a millionaire.

Security overkill is terror’s real triumph

The moment the news broke on Halloween that an Uzbek in a rental truck had just killed eight people on New York’s West Side cycle path, my heart sank. Now, you might think that any decent human being — I marginally qualify — would be profoundly saddened by the pointless murder of folks merely out enjoying a city’s recreational facilities on a crisp autumn day. But that wasn’t it. Or you might think — since I spend a fair whack of the year in New York, where as usual I get everywhere by bike — that I might be concerned about becoming a terrorist target myself. I use that bike path constantly in summer. Had the attack occurred earlier in the year, one of those victims could have been me. But that wasn’t it, either.

If you care about kids, give us all the facts

News programmes are as interesting, these days, for what they don’t tell you as for what they do. So, the ten o’clock news on the BBC on Monday night reported the horrible murder of 18-month-old Elsie Scully-Hicks by her adoptive father, without mentioning that the baby had been adopted by a gay couple. There was a fleeting reference to the murderer, Matthew Scully-Hicks, having a husband, which kind of gave the game away. But otherwise it was something the BBC would rather we did not know, and certainly did not dwell on. Whenever they do something like this, I think it’s important to dwell on it for a bit. There are lots of things they don’t tell you, these days.

Why can’t the PM get a grip?

How much longer can things go on like this? That is the question on the lips of Tory ministers and MPs this week. A government that was already facing the monumental challenge of Brexit now finds itself dealing with a scandal that has claimed one cabinet scalp and led to another Conservative MP being referred to the police. At the same time, Priti Patel has been running her own freelance foreign policy. To make matters worse, the Prime Minister’s closest political ally is caught up in the Westminster scandal. Damian Green is under investigation by the Cabinet Office for his personal conduct. If he has to go —and several of his allies in the government are not optimistic about his prospects — it will be a devastating blow to Theresa May.

The sex scandal is what psychologists call ‘displacement activity’

There are three reasons why Britain’s political and media world finds itself in the present ludicrous uproar over sexual misbehaviour at Westminster, and only one of them has anything to do with sexual misbehaviour. But let us start with that. And, first, a caveat. Can there be an organisation anywhere in discovered space which, subjected to the intense media scrutiny that the House of Commons now attracts, would not generate a comparable stock of report and rumour? Imagine a workplace — indeed imagine a workplace like our own august Spectator offices – peopled by a lively mixture of creatives, eccentrics, wannabes, rascals, saints, absolute bricks, total pricks and drones.

The #metoo movement has an icy heart

On rolls the Harvey Weinstein horror show with no finale in sight. The next episode looks likely to star Uma Thurman, who’s waiting for the right moment, she says, to tell her own Harvey story. Hollywood waits for Uma and I wait for Robert De Niro, who said of Donald Trump: ‘He’s a dog, he’s a pig, a mutt.’ If groping makes you mad, Rob, why so silent about friend Harvey? Weinstein is clearly a slimeball predator. I hope the great wave of feminist outrage washes all the Harveys clean away, out of Tinseltown, out of Washington, out of Westminster. But running alongside the Weinstein drama is another trickier case — one I think the credibility of the whole #metoo movement rests on.

What to do about returning jihadis

In normal times, the reported return of 400 Isis fighters to Britain would be the biggest story out there. But with policymakers preoccupied by Brexit, and the press examining the sexual culture of Westminster, this news has not received the attention it deserves. The return of these fighters has profound implications. The security services are struggling to keep up with all the possible terrorists at large. Notably, Andrew Parker, the director-general of MI5, has warned that plots are being devised at the fastest rate he can remember in his 30-year career. Though he stressed that the security services have prevented seven attacks since March, he also said they cannot foil every effort. This is simply down to capacity.

On Twitter, you reap what you sow

The nastiest person on Twitter has quit Twitter. Because I’m so generous I shan’t mention his name. All I’ll say is he that he co-wrote one of the 1990s’ warmest, funniest, daffiest sitcoms — which is possibly what made his attack-dog vitriol so especially hurtful. It was like being stabbed with a fork by Gyles Brandreth, kneed in the groin by your vicar, given the middle finger by the Queen. What, you kept wondering, could possess someone you were predisposed to admire to make them behave like such a dreadful heel? Because social media makes monsters of us, unfortunately. Some people, at any rate. We discussed this at the weekend at the Battle of Ideas festival in London at an event called: ‘We need to talk. The vices and virtues of social media.

When did fiction become so dangerous?

The assignment of books for review has always been haphazard. Fellow fiction writers can be tempted either to undermine the competition, or to flatter colleagues who might later judge prizes or provide boosting blurbs. There are no clear qualifications for book reviewing — perhaps publication, but most of all, because reviewers are paid for their text but not for the many hours it takes to read the bleeding books, a willingness to work for atrocious wages. Mitigating the gravity of this matter? Aside from the authors whose work is on the block, almost no one reads book reviews, and I say that as someone who writes a fair number. It’s a publishing truism that ‘reviews don’t sell books’ — although negative ones can un-sell books.

So what attracted you to that powerful man?

Somewhere towards the end of the 1980s I was suddenly promoted three grades upwards in my job at the BBC; a bit like going from the middle of the old fourth division to the top of the Championship. Yay. The immediate consequences were more money, more power and almost endless opportunities for sexual intercourse. Women who had hitherto been averagely amiable work colleagues became much friendlier — and in a very different way. It was as if I’d been transformed overnight from Marty Feldman into Orlando Bloom. What a delightful period of my life that was.

Hammond can build his way out of trouble

Sometimes in life the biggest risk you can take is to play it safe. This is the predicament of Philip Hammond as he approaches the Budget next month. If he adopts a safety-first approach, it will almost certainly go wrong and he’ll be forced into a credibility-draining U-turn, as he was in March. His best hope is to be bold, and to hope this generates enough momentum to carry him over any bumps in the road. The two longest-serving chancellors of recent times have relished the theatrics of Budget Day. Both Gordon Brown and George Osborne loved pulling a rabbit out of the hat at the last minute, wrongfooting the opposition and grabbing the headlines. Hammond isn’t like that.

Go naked on the green mountain

‘I was last night sent officially to witness the execution by harakiri (self-immolation through disembowelling) of Taki Zensaburo… As the harakiri is one of the customs of this country which has excited the greatest curiosity in Europe… I will tell you what occurred…’ In The Spanish Ambassador’s Suitcase, my anthology of dispatches from British diplomats abroad, this one, dating from 1868, is the oldest. The first eye-witness account of harakiri ever given by a European, it’s also the most grisly. I cannot match the horror or novelty, nor can I match its author, Bertie Mitford, in fine writing.

Brexit can strengthen the Union

There will be no chance of the United Kingdom making a success of Brexit if Scotland votes to break up the kingdom. And although the immediate danger of that happening appears to have passed — the Scottish National Party lost ground in the general election and Nicola Sturgeon doesn’t speak anywhere near as much about independence nowadays — this could change if Brexit is mishandled. When Britain leaves the EU then Scotland leaves too — those are the rules, and Spain, which is not too keen on the idea of secession, will insist upon them. So Brexit in itself will make Scottish independence an even bigger risk.

The young oppress their future selves

Matt Ridley’s fine recent Times column was hardly the first to raise the alarm about the pseudo-Soviet intolerance of the left emerging from university campuses. Yet he began with arresting statistics: ‘38 per cent of Britons and 70 per cent of Germans think the government should be able to prevent speech that is offensive to minorities.’ Given that any populace can be subdivided into a veritably infinite number of minorities, with equally infinite sensitivities, the perceived bruising of which we only encourage, pretty soon none of us may be allowed to say an ever-loving thing. We won’t rehash the whole trigger warning/safe spaces nonsense.

The bank that keeps poor nations poor

What is the point of the World Bank? You probably think of it, if at all, as a benign institution, a kind of giant, multilateral aid agency, whose job it is to bring liquidity to developing nations and help them grow out of poverty. Until not so long ago, that was indeed its function. Created alongside the International Monetary Fund at the 1944 Bretton Woods Conference, the bank did sterling work in its early years helping countries like France recover from the war; and later, giving mostly third world countries the vital seed money needed to help attract investors to risky capital projects. Its multiplier effect on investment can be extraordinary. In 2013, the World Bank gave Kosovo $40 million towards building a lignite power station.

That idiot Trump has got one thing right

I have been watching Donald Trump closely for more than a year and I have come to the considered opinion that he is a fucking idiot. Yes, this is a somewhat belated Damascene conversion: many of you arrived at this conclusion even long before I was whooping and hollering in paroxysms of pleasure at his election a year ago. Hell, sometimes I get things wrong — apologies. I accept entirely that his constant tweeting is an attempt to counter an almost uniformly hostile press corps both in the USA and abroad. But that does not excuse the sheer illiteracy and pig-ignorance, the boastful, often spiteful, and inane childishness of said communications.

The plots thicken

‘Worst week ever’ is one of those phrases that journalists are, perhaps, too quick to use. Alastair Campbell once quipped that if you added up all Tony Blair’s worst weeks, you got a full year. The real worry for the Tories, however, is not that last week was Theresa May’s worst ever, but that it represented the new normal. Even inside Downing Street, there are those who worry that leadership plotting and the like will continue until Mrs May leaves the building. They worry that while they are strong enough to repel the plotters — as they did so effectively this time — she isn’t powerful enough to take back control. So the whole cycle will continue, with the rebels coming back for another crack every time the Prime Minister looks vulnerable.

Calling Paddock a ‘lone wolf’ isn’t racist

It’s been nearly two weeks since Stephen Paddock committed mass murder in Las Vegas and the FBI is still casting about pitifully for clues. Why did he do it? Not even his girlfriend knows, though it’s said he claimed to have been simply ‘born bad’. Plans are afoot to put up billboards urging anyone who ever met Paddock to come forward. There’s something touching about billboards in the internet age. Perhaps because there are no answers in the offing, in place of them has swelled a great wave of outrage, not, oddly, about America’s gun laws, but about race.

Blame the grown-ups for the safe-space tribe

A car driver ploughs into a bunch of people outside the Natural History Museum in London and lefties are furious mostly because the right-wing columnist Katie Hopkins thought it was another jihadi attack. For thinking this she is a racist bigot and consummately evil — despite the fact that I suspect most Londoners thought precisely the same as Hopkins when they heard the news. We are in the bizarre situation where horrible incidents not perpetrated by Muslims are gleefully welcomed by the lefties because they believe it adds grist to their idiotic mill: other people are capable of driving cars into pedestrians, you see, so it is racist to suggest that radical Muslims have a particular predilection for doing so.

Why May must stay | 12 October 2017

As from the Manchester conference hall I watched Theresa May’s big moment falling apart, as I buried my head in my hands while her agonies multiplied, I suppose I thought this could spell the end for her premiership. But even as I thought that, then reminded myself that the same failure of the larynx has afflicted me in front of a big audience and could strike anyone and is in itself meaningless, I knew such an outcome would be unjust. There may be reasons why the Tories should find a new leader, but the triple-whammy of a frog in the throat, some joker’s idiotic stunt, and the failure of two magnetic letters to stick to a board, can hardly count among them.