G7

The seizure of enemy treasure, formerly known as plunder and pillage, is an ancient tool of war. Though still practiced in the world’s nastiest conflict zones, it’s a tricky business within a rules-based international order. The G7’s agreement to lend $50 billion to Ukraine — using income from $300 billion of frozen Russian assets to cover interest and repayments on the loan — is a vivid case in point. And some would say, a lily-livered half-measure. The key feature of the deal is that it does not actually claim ownership of Russian loot — which however ill-gotten is mostly held in EU banks in the form of western government bonds. It merely diverts interest payments due on the bonds from the issuing governments.

In Arthur Miller’s superb examination of the nature of fanaticism, The Crucible, the key moment comes not with the initiation of the Salem witch trials which form the subject of the play, but in the leading character finally and fully rejecting them. The point of crisis comes when John Proctor refuses to sign his name to the condemnation of supposed witches which would justify their horrific punishment. 'How may I live without my name? I have given you my soul, leave me my name.' It is the moment when a man finally finds the courage that is essential to any meaningful masculinity, the courage to defy the absolute consensus of opinion that harms the innocent and taints those who accept it with complicity in evil.

The French president Emmanuel Macron is as flighty as the movie character he most resembles, Harold Chasen, the eponymous sillyboy boy in Harold and Maude. As the world’s economies shudder under a variety of eco-angst initiatives, uncertainty over Brexit, the disruptions of Trump’s steely tariff initiatives, and the truculence of a surprised China, the blinking boy wonder jettisoned all the careful laid plans for the G7 meeting in Biarritz and announced without warning that the summit should focus on the 'emergency’, the 'international crisis’ of (as one news report put it) 'the record number of fires ravaging the Amazon jungle.’ 'Our house is burning.