Features

Face it: Marx was partly right about capitalism

Readers of Anthony Trollope will remember how thoughtless and greedy young men in the Victorian professions can be lured into ruin by accepting ‘accommodation bills’ from their shifty acquaintances. They make themselves liable for the debts of others; and only too late do they discover that they are trapped in a web of financial mechanics that forces them to pay hugely inflated sums for obligations or services they have had nothing to do with. Their own individual credit-worthiness, their own circumstances, even their own personal choices are all irrelevant: the debt has acquired a life of its own, quite independent of any real transaction they are involved in.

How Dave and George can avoid a terrible rift

The Treasury will be the engine room of David Cameron’s government. It will have to be, given the ghastly economic inheritance. But the economy will be only one of the incoming Chancellor’s headaches — his department will be in no fit state to do the leading. The Treasury — once the citadel of high-quality policy advice and the driving force behind the economic and financial reforms which revived Britain in the 1980s — now lies prostrate. It is a casualty of Gordon Brown’s personality, ten years of trench warfare between him and Tony Blair and the appointment of a new Chancellor, broken backed on arrival. This financial crisis has brutally exposed some of this.

The Tory lead is more solid than you might think

The Conservatives last won a general election in 1992. That was also the year when the opinion polls met their Waterloo. The results of 50 nationwide surveys were published during that campaign. All but six showed Labour ahead, and they all suggested that the outcome of the election would be a hung Parliament, with Labour probably the largest party. They were all wrong. The largest Tory lead reported by any poll during the campaign was only a single percentage point. In the event, the Conservatives’ lead over Labour approached eight points. To this day, no one knows why the polls came a cropper in 1992. Indeed, no one knows for sure why the polls went on to perform with only indifferent success in 1997 and 2001.

If Miliband becomes PM, I’ll join the right-wing coup to topple him

Rod Liddle is outraged by the Foreign Secretary’s alleged comparison of himself to Michael Heseltine: like comparing a Big Beast to a stumpy little Muntjac deer. Where have all the political giants gone? Apparently, David Miliband’s speech to the Labour party conference was deliberately low-key because he did not wish to have a ‘Heseltine Moment’ — that is, he did not wish to be seen as being too obviously a threat to the Prime Minister, too openly desirous of his job. What a fabulous strutting little cock this man truly is.

Zardari is even more afraid than Musharraf

The sophisticated truck bombing of the Marriott Hotel in Islamabad on 20 September, which took dozens of lives, was the latest incident in a campaign to destabilise the entire subcontinent. Most reports have blamed al-Qa’eda militants but the real blame for the crime belongs with the Talebanised sectors of the Pakistani armed forces and intelligence service (ISI), and the pusillanimity of the Pakistani president Asif Ali Zardari, widower of the assassinated Benazir Bhutto. The Marriott assault was clearly a sequel to the bombing less than three months ago, on 7 July, at the Indian embassy in Kabul, which was also devastatingly murderous. Pakistani authorities tried to deny the involvement of ISI agents, as detailed in communications intercepted by US intelligence services.

Welcome to the new austerity era, Mr Cameron

Fraser Nelson says that the Tory leader must not be tempted by a ‘safety first’ strategy at his conference in Birmingham. The global financial crisis has transformed the political context and left an opening for the Conservatives to promise true radicalism and to be proudly bold The Labour party conference already had an apocalyptic aura without the preachers from the Plymouth Brethren gathering in Manchester to rub it in. But as they stood at the security entrance, quoting blood-curdling passages from Ezekiel at passing Cabinet members, the text certainly took on a new resonance. The Labour membership knows that the end is nigh, and is just about ready to pass into the afterlife of opposition. And what better leaving present to the Conservatives than a financial armageddon?

The modern Tory hero should be Jefferson

In theory, Europeans find American elections vulgar and plutocratic. In practice, they find them utterly gripping. This is partly because the US is wealthy and powerful, but mainly because American campaigns, being more participatory than European ones, are more interesting. All organisations grow according to the DNA encoded at the time of their conception. The US was founded in a revolt against a distant and autocratic regime. In consequence, its polity developed according to what we might call Jeffersonian principles: the idea that power should be diffused and that government officials, wherever possible, should be elected. Most European constitutions, by contrast, were drawn up after the second world war.

This charming man: an audience with the Gover

There are two reliable tricks which can fill the room at any Tory speaking event: offer free beer, or put Michael Gove on the panel. His fusion of almost comic politeness and intellectual ruthlessness have given him quite a following, whether he’s defending neoconservatism or David Cameron. In three short years he has been propelled to the Tory front bench, tasked with devising a supply-side revolution in education which would be the flagship reform for the next Tory government. When we meet he is full of tales about Sweden, where he had just been to visit schools that use the system he hopes to bring to England. His spectacles, which have grown progressively more fashionable as he edged from journalism to public life, have now vanished altogether.

IQ2 debate — Paths to Peace: proposals to resolve the Israeli-Palestinian conflict

In at the deep end. That’s how Intelligence Squared likes to kick off, and the first debate of the new season plunged straight into the perilous waters of the Israel–Palestine conflict. David Lindley, the chair, asked each speaker to present ideas for a workable peace. Dan Gillerman, a former Israeli ambassador to the UN, opened on a note of gloomy optimism. There were dark signs on the horizon, yet he was encouraged because ‘never have so many parties been so desperate for a settlement’. Tehran is the key problem. And if we doubted his word, ‘just listen to Ahmadinejad denying the Holocaust while planning the next one’.

I found an undiscovered country: Great Britain

This summer, as a consequence of the credit crunch, rising air fares and a strong euro, more than half of all Britons chose to spend their holidays in this country. Predictably this was also the summer that proved to be one of the dullest and wettest on record. August may have been, according to the Met Office, the UK’s seventh wettest since records began in 1929, but for me there was a silver lining to the rainclouds. Like many working-class British Asians of my generation, we never went on holidays during my childhood. In recent years I have attempted to make amends by travelling as much as possible, but this has invariably meant going abroad, the idea of holidaying in this country striking me as pointless and dull.

Pay attention at the back of the class, Mr Balls

When I first met John Abbott 20 years ago he told me a story: as a young teacher at the prestigious Manchester Grammar School he had led several expeditions of boys to study agriculture in rural pre-revolutionary Iran. After a week the village headman felt he knew John well enough to ask him a difficult question: ‘These young men,’ he said, ‘they are so tall, so strong, so beautiful. But what use are they? They cannot reap, they cannot ride a donkey, they cannot make a fire, they cannot even sew or sweep or cook like our girls.’ This stopped young Abbott in his tracks. The Iranian headman had a point! Teenagers must be stretched, they need diverse experiences to jolt them out of apathy and into learning mode.

Labour’s behaviour reminds me of the blind football at the Paralympics

The party’s MPs are fatally conflicted over Gordon Brown’s leadership, says Rod Liddle. Their craven conduct reflects the awkward fact that they overwhelminglychose him in the first place There was an interesting story in the newspapers this week about an American dog which rang 911, the emergency services, when his owner had a seizure. The details were a little hazy; we know that the dog was a German shepherd, but we do not know his or her name. Nor was it clear whether the animal used a landline to summon assistance, or if it had its own mobile phone.

‘You grow up with footballs. We grow up with kukris’

It’s not often a chap gets to shake a hand that has personally accounted for 31 Japs in the space of one battle. But such was your correspondent’s privilege outside the Royal Courts of Justice this week at the launch of a splendidly righteous case demanding fair and just citizenship rights for Gurkha veterans. A tearful Joanna Lumley was there — her father fought with the Chindits as a major in the 6th Gurkha Rifles — as was a typically well-mannered crowd of perhaps 300 ex-Gurkhas and their families. But the stars of the show were the two frail, elderly men sitting impassively in wheelchairs, with their un-mistakable crimson-ribboned bronze crosses stuck proudly on their chests.

Reasons to be cheerful amid financial apocalypse

On Monday afternoon I rang a Wall Street friend who used to work at Lehman Brothers. ‘What’s the mood?’ I asked him. ‘Do you think this is the turning point?’ ‘Hold on a moment,’ he replied. ‘Let me just climb back in off the window ledge.’ There was a pause, then a nervous chuckle. For the half-second of that pause, I actually wondered whether he was serious. And that was just Monday: since then, things have got really frightening. The former Federal Reserve chairman Alan Greenspan says the current financial crisis is ‘a once-in-a-half-century, probably once-in-a-century type of event’, but he’s wrong.

The great debt deceit: how Gordon Brown cooked the nation’s books

  A few months before the general election which brought New Labour to power, Geoffrey Robinson had David Davis to dinner in his flat overlooking Hyde Park. The flat had been the scene of much recent political activity, used as a den by Gordon Brown who would invite his allies around and plot his personal strategy, pausing only to watch the football and eat pizzas. But that night the Labour guests had cleared off, and the then Tory Europe Minister was treated to the disorientating experience of being served supper by the butler of a Labour MP. As the conversation turned to the inevitable Labour victory, Mr Robinson said how much he was looking forward to turning the government spending tap on again, putting an end to what he saw as the years of Tory parsimony.

Moscow’s secret war in Ingushetia

Russia’s President, Dmitry Medvedev, pretends that this republic is a haven of stability. Not so, says Tom Parfitt: the Ingush are subject to a campaign of murder and repression Among the first-class passengers who flew into Ingushetia’s Magas airport from Moscow on the afternoon of 31 August were two grey-haired men in suits. The pair avoided each other’s gaze. One was Murat Zyazikov, 50, a former KGB officer and president of Ingushetia, the small Muslim republic which borders Chechnya in southern Russia. The other was Magomed Yevloyev, 36, an outspoken critic of Russia’s brutal rule in Ingushetia, founder of the ingushetiya.ru website, and Zyazikov’s great nemesis.

State education has outlawed difficulty

But private schools, private tutors and bestselling books are filling the vacuum, says Harry Mount. Larkin was right: there is a hunger in us all ‘to be more serious’ The decline of the British education system has been my gain, I’m only partly ashamed to confess. As somebody who has published a jokey book about a highbrow subject, I have profited from the proceeds of writing for a market that simply didn’t exist half a century ago. In 1958, the sort of people who are buying books about Latin today were learning Latin in school. I’ve lost count of the people in their forties who’ve told me, ‘I never learnt Latin, but my parents did. I wish my children did, too.

The laureate of intractable conflicts

Looking every inch the Brit that he isn’t, American playwright Christopher Shinn takes a bite of a sandwich in a Shepherd’s Bush rehearsal room on a rainy summer afternoon and confesses that, although grateful, he still finds it ‘a mystery’ that it should have been London’s theatrical community, rather than New York’s, that made his career. For his latest play, Now or Later, recently opened at the Royal Court, will be his fifth to premiere in London before going anywhere near his own continent, about which he relentlessly writes. It’s not that Shinn, 32, is not successful in his native country.

Have we ever faced an enemy more stupid than Muslim terrorists?

Isn’t it about time Muslim terrorists rethought their strategy of recording glorious martyrdom videos, in advance of failing to blow anything up? Wouldn’t it be a bit less embarrassing for all concerned? Time after time we see these imbeciles on our television news promising all sorts of mayhem and misery, the righteous and cleansing fires of Allah poured down upon we imperialist decadent kafir scum, ‘body parts’ scattered in the streets, etc. And then they forget to take a cigarette lighter with them to the airport, or the detonator doesn’t work, or they’re arrested buying 5,000 bottles of hydrogen peroxide from the local hairdresser’s shop and thus somehow arousing suspicion (just how blond do you want to be, Mohammed?).

How I became a world record holder

At a Google conference in Rhodes, Matthew d’Ancona finds himself part of a bid to break the world record for Zorba dancing — and to relive one of the greatest scenes in cinema ‘Teach me to dance. Will you?’ Few scenes in cinema have the emotional poignancy and magic of the last moments of Zorba the Greek (1964), as Basil, the young English writer played by Alan Bates, seeks his final lesson in life from Anthony Quinn’s majestic peasant-magus, on the Cretan shore.