Features

How the ‘Nixon shock’ reshaped our economy

The dotcom bubble. The financial crisis of 2008 and 2009. The oil price spiral of the 1970s. The launch of the single currency. It would be fun, in a nerdish kind of a way, to debate which was the most seismic economic event of postwar history. But in fact the answer would be this: the ‘Nixon shock’, a fateful day when the final link between gold and the money you carry around in your pocket, or on your bank card, was finally severed. And it happened 50 years ago this week. A half-century on — enough time for some historical perspective — how’s it going?

Who’d want to move to America now?

There’s a biopic released this summer, Roadrunner, about the late great chef, writer, bon viveur and TV presenter Anthony Bourdain. It recounts the many invaluable lessons Bourdain taught, such as: never eat the lower colon of a warthog; never order fish in a restaurant on Monday (it will probably be three days old); and, most of all, the American Dream is over. This last fact may seem jarring. Bourdain was a proudly patriotic American. However, I firmly believe he reveals this truth in the 36th episode of his splendid food-and-travel TV show, No Reservations. In this particular episode Bourdain visits Cleveland, Ohio. In his boyish, enthusiastic way, Bourdain tries all manner of nosh.

Cuomo, Trump and the secret of eternal political life

There are many in Donald Trump’s inner circle who have tried to read his mind these past four years, together with a class of journalists who, on a daily basis, have catalogued his whims and outrages. But perhaps my attention to the former president, after writing three books about him, is unique. I now regard him as my own character, with an ever-so-fine line between what he actually does and what, in moments of inspiration, I imagine him doing. I am not always able to tell the difference in the Twitter of my dreams. We have a cottage in Amagansett, the most unHamptons Hamptons town (making it, in fashion’s dialectic, the most Hamptons town), that was bought with the proceeds from my books about Trump. Among its hoped-for benefits is to help me forget about him.

In defence of net zero: yes, we can afford it

Late in 2013, David Cameron snapped. ‘Get rid of all the green crap,’ the then prime minister told energy ministers. His demand came after a backbench revolt over the surcharges tacked on to household energy bills to support onshore wind power. Not for the last time, his decision was based on a spectacular failure to see one of the big trends of the age: the stunning fall in the costs of renewable energy that was already under way. In the past decade, the cost of generating electricity from onshore wind has fallen by 40 per cent. For offshore turbines, it’s down almost a third. Globally, it’s now generally cheaper to construct and run new renewable generation than it is to build a new station to burn fossil fuels.

The true cost of net zero

When Theresa May committed the government to achieving ‘net zero’ carbon emissions by 2050, Sir John Armitt, chair of the National Infrastructure Commission, likened it to President Kennedy’s 1961 promise to put a man on the moon by the end of the 1960s. How we would achieve net zero might not yet be clear, but a combination of ambition and ingenuity would somehow see us through. Still, at least JFK had some idea about the cost and he did not make it a legally binding obligation for the US to visit the moon, thus inviting activists to sue the government if it failed. Rishi Sunak is now understood to be in rebellion against the costs of net zero — whatever they might be.

Italians are seeing red over the Covid ‘Green Pass’

Rome Following Emmanuel Macron’s example, the Italian Prime Minister, Mario Draghi, has announced the introduction of a ‘Green Pass’. Draghi’s initiative, which was announced at a press conference on 24 July and comes into effect on 6 August, has sparked protests all over Italy The Green Pass will discriminate between Italians who are vaccinated and those who are not. Anyone who has not received their jabs, or cannot show a recent negative test or that they have recovered from Covid in the past six months, will be denied access to indoor restaurants, museums, cinemas and exhibitions. Further restrictions under discussion would prevent them from access to trains and ferries. There are also plans to limit entry into schools and universities to the vaccinated.

Why we shouldn’t fear a ‘fourth wave’ of Covid

A few weeks ago, as the government was preparing for a great reopening on 21 June, I wrote a cover story for The Spectator with some bad news: a third wave was coming, I argued, and it could be even bigger than the second. It jarred with the mood. Covid cases were falling and a great many people desperately wanted this to be the end of it. My model, the Bristol University PCCF (Predictor Corrector Coronavirus Filter), showed otherwise: the biggest wave could be yet to come. But with a vital difference: hospitalisations and deaths would be much lower than at the beginning of the year when we were largely unvaccinated. All of that has come to pass, with one exception.

‘I’m plagued by worries of disaster’: an interview with Dominic Cummings

I’ve been waiting over a year to meet Dominic Cummings. Any time Mary Wakefield asked me to interview someone for The Spectator, I said: ‘I’d rather interview your husband.’ And she promised he would do it, one day. I began to lose faith, but at last the day dawns. On the way to see him I run into Mary and their son Ceddy outside their home in north London and she takes me to the kitchen to meet Dom. He is friendly, hospitable, takes me to sit in the garden to talk, and gently shoos Ceddy indoors. The one thing everyone, friend and enemy alike, agrees about Dominic Cummings is that he has a habit of telling the truth. So I am quite surprised, to put it mildly, when he tells me that Boris offered him a peerage when he left No. 10. Seriously?

I was held to ransom by hackers

I’m the owner of two small galleries which sell 20th-century ceramics and artworks. One of the ways we’ve become known is through Instagram. We’ve got almost 50,000 followers and sell a lot of work through there. In May, I was away for the weekend with friends in Somerset. On Saturday morning, I saw an email in our shared work account (purporting to be) from Instagram. It was congratulating us for getting a blue tick — verification that confirms the account is an ‘authentic presence’. Thrilled, I clicked the link in the email to confirm. It took me to an official-looking Instagram page where I entered our login details. I was then met with a landing page thanking me for confirming our account’s status.

What we can learn from our mistakes in Afghanistan

After two tours of Iraq as a soldier, I spent six months in Afghanistan in 2007 as part of Operation Herrick VI. My deployment came a year after the then Defence Secretary, John Reid, said we would be ‘perfectly happy to leave the country in three years’ time without firing one shot’. However, the very first night I arrived in Lashkar Gah, the capital of Helmand, troops were battling the Taleban across the province, with thousands of shots fired every day. Plans were being made about how we would evacuate our camp if it was overrun. Today, 14 years on, as the final US troops depart, left behind are more than 47,000 dead Afghan civilians, more than 3,500 dead soldiers from the coalition, and a country on the cusp of civil war.

My failed attempts to be a good Samaritan

I’ve been trying to be a good Samaritan for some time now and failing. But this week I discovered that even well-trained, experienced good Samaritans — who work for the Samaritans — can fail too. Reports have surfaced revealing the ‘abuse’ of vulnerable callers by a small number of the charity’s phone volunteers. It’s a sad state of affairs when even the Samaritans are subject to scandal. They do excellent work and have always been the Eton of Britain’s volunteer sector. Two years ago, I tried to get in and failed, which was a bit of a shock. I’d assumed that my listening skills would make me the ideal volunteer.

The WHO’s bizarre war on e-cigarettes

When the COP26 climate change conference hits Glasgow at the end of October, the media will be out in force to discover how world leaders are going to meet their ambitious carbon emission targets. It will be on the front pages. Edited highlights will be on television. Boris Johnson and Nicola Sturgeon will be elbowing each other out of the way to get in the limelight. Extinction Rebellion will be performing their doomsday japes outside. But when COP9 begins in November, few will notice. Admittedly, this event is being held online this year, but it would have flown under the radar even if it had been held in the Hague, as planned. It always does. Like COP26, it is a United Nations conference, but that is where the similarities end. You probably haven’t even heard of it.

Turning the tide: how to deal with Britain’s new migrant crisis

In December 2018 the then home secretary, Sajid Javid, cut short his Christmas holidays to go to the Channel and stare at boats. Two hundred illegal migrants had crossed from France in the previous two months and Javid, buckling to public pressure, declared a ‘major incident’. On that basis his successor, Priti Patel, should cancel any holiday plans for the foreseeable future. The number of migrants coming in through this illegal route reached more than 2,000 in June, setting a new record. And this is just the start. The summer crossings are under way — and the British government seems to have no idea what to do about it. The figures themselves could not be clearer.

The troubling truth about Britain’s nuclear deal with China

The most shocking thing about the news that the government is looking to remove China from Britain’s nuclear power programme is that it has taken so long. But it will not be a straight-forward process. It will likely provoke tantrums from Beijing, as well as grumbles from a nuclear lobby that will have to find somebody else to stump up the billions needed for their pet projects. China General Nuclear should never have been allowed anywhere near such a critical piece of national infrastructure. The state-owned company has been accused by the US government of stealing technology for military use and placed on a national security blacklist which severely limits US companies from doing business with it. Washington has warned Britain against partnering with the company.

The real reasons for South Africa’s riots

Sixty-eight years ago, when I was four, my Scottish father and English mother took me from London to South Africa, to a seaside town 20 miles south of Cape Town in the Western Cape. This is Fish Hoek (pronounced ‘fishhook’). I was brought up here, and after working in England and elsewhere in South Africa, I have returned. I have lived through the rise and fall of apartheid, and the 27-year rule of the ANC. I watched the terrible recent events, which seem to have subsided. We are sifting through the ruins and wondering what happened, and why. South Africa has nine provinces. Two of them, KwaZulu-Natal (KZN, formerly Natal) and Gauteng (with Johannesburg and Pretoria), have been devastated by violent riots.

Why am I so angry?

Last week, walking into a branch of Waterstones in south London, I made way (or so I thought) for a pixie-faced man in Lycra who was theatrically hauling his bike into the shop. It seemed a bit of a liberty, but these days cyclists are godly folk who can do anything they like, especially in the eco-obsessed puritan commonwealths south of the river. Then a querulous voice piped up behind me. ‘Excuse me! You just pushed past me and my bike.’ I think it was the ‘and my bike’ that did it. Pixie Face headed for Waterstones’ mandatory display of anti-racist memoirs, bleating about ‘manners’ while caressing his affronted vehicle. And I went off on one, as I always do in these situations.

Modern soap operas have lost the plot

I have Asperger’s syndrome and since childhood have been watching TV soaps: mainly EastEnders and Neighbours. I found classic EastEnders from the 1980s and 1990s highly reassuring during a dark time in my life three years ago, and in lockdown. I would say, though, that in recent years these two soaps have gone downhill. They are more staged, the storylines less intriguing and the themes exaggerated. They don’t seem to be about everyday life any more. In the EastEnders of the 1980s and early 1990s you could relate wholeheartedly to the characters and reflect on their behaviour. You would feel they were real, and also that they were part of the real life of the East End.