Society

James Delingpole

Spending isn’t the answer. But how do we explain that?

One of the things I love about being a classical liberal is that I’m always on the right side of every argument. I’m pro: freedom, jobs, self-determination, cheap energy, higher living standards, academic excellence, property rights, an even better future, Michael Gove MP, wine, women, song. (So long as the song is not by Maroon 5 or Bruno Mars.) And I’m anti: arbitrary authority, nanny-statism, money-printing, tyranny, despair, almost all war, poverty, prohibition, disease, squalor, uncleaned-up dog poo, meddling busybodies, crap capital projects based on massive lies (that means you HS2!), corrupt officials, civil war, totalitarianism, hyperinflation, injustice, Tim Yeo MP. Yet you’d scarcely guess this to read some of

Martin Vander Weyer

Why aren’t more people unemployed?

An unfamiliar noise floats over the town; an insistent, one-note metallic drone. Tracked to its source, it turns out to come from a sawmill in a hidden wooded valley a quarter of a mile from my house. Abandoned for the past year, the mill has suddenly come back to life. It is emitting great plumes of steam as well as a multi-decibel industrial racket. And men are working there — I can see only two or three, but still they constitute another little piece of the great employment puzzle. An uptick in demand for sawn timber matches reports of increased levels of activity in the construction and housebuilding sector. Sure

The staircase too scary for Bruce Willis, and other Oscar party stories

From a wedding to an awards ceremony, no self-respecting Los Angeles beano can take place without endless fixtures around the main event. The Oscars barely get a look in between a clutch of warm-ups and afterparties. The Friday night (Oscar night being Sunday) is traditionally the preserve of the agents, the most high-profile of whom throw open the doors of their Hollywood homes to their clients — and no one else. It was a rarity, then, that at the party given by the super-agent Ari Emanuel, stars (‘Talent’, in the argot) schmoozed and ate macaroni cheese with a certain number of the not-so-famous (‘civilians’). Marooned somewhere between Dustin Hoffman and

Secrets and lies | 28 February 2013

After a succession of epic films including three hours of watching Cloud Atlas disappear up its own bottom — if you are going to disappear up your own bottom, at least make it snappy — along comes this crisp and confident thriller which demands you only appreciate it for what it is: a crisp and confident thriller. It’s set in the vastly wealthy world of Bernie Madoff-style hedge funds but, although it could easily have slipped into some kind of essay about money being the root of all evil, or how the rich bastards who crashed the economy keep getting away with murder (perhaps literally, in this instance), this has

Rory Sutherland

Hailo matters more than HS2 – but we just can’t see it

One of Britain’s exam boards was attacked last year for a question in a GCSE religious studies examination: ‘Explain briefly why some people are prejudiced against Jews.’ Is this really a theological question? Or does it belong in biology? Or psychology? Or economics? The Canadian evolutionary psychologist Steven Pinker in The Blank Slate devotes a few pages to the issue of prejudice, including not only anti-Semitism but also hostility towards trading groups and intermediaries everywhere: from Chinese shopkeepers in Malaysia to Armenians, the Gujaratis and Chettiars in India and Korean store-owners in the United States. Pinker partly attributes this to what economists call ‘the physical fallacy’. We have evolved an

March Wine Club | 28 February 2013

An excellent selection of European wines this week from Private Cellar, the first-rate East Anglian merchants who sell loads of fine, established wines but always keep an eye open for less expensive bottles which often are as good, if not better, than their more famous neighbours. And with the pound down against the euro yet again — why can’t it go back up to €1.50, where God intended? — we do need to keep an eye on prices. Many growers are happy to keep them down to hold on to the market, but they can’t hold out for ever. To encourage you, Private Cellar have discounted almost all of them, in some

The art of deception

Max Beerbohm, dandy, cartoonist and penetrating drama critic, was par excellence the observer of the glittering English period that stretched from the 1890s to the death of Edward VII, poking unsparing but mainly good-humoured fun at the peculiarities of its political and cultural leaders: Swinburne, Asquith, Lloyd George, Chesterton, Kipling and the King among them. At the same time he was himself part of the scene, the master of a carefully cultivated style. His fellow critic Desmond MacCarthy once wrote of him: I remember walking one night down Piccadilly behind that high-hat with its deep mourning band. It was then perched above a very long dark top-coat with an astrakhan

Voyagers

In Competition No. 2786 you were invited to submit a feature for a travel supplement as it might have been written by a well-known novelist, living or dead.   Derek Morgan’s George Orwell is in Paris and insufficiently down-and-out: ‘Although I would have preferred to haul my suitcase on foot from Gare du Nord, a taxi whisked me to Place des Vosges and my nearby four-star hotel with its sickeningly servile staff.’ I also liked Johannes Kerkhoven’s Cannery Row-inspired take on the Argentinian city of Tilcara, and Adrian Fry’s evocation of a Spanish ghost town filtered through Ballard’s dystopian lens. It was a cracking entry. Congratulations all round. The winners

The Bank of England panics and misses the point

Wonders never cease. I awoke this morning to hear that the Deputy Governor, Paul Tucker, had announced that consideration should be given to the Bank of England setting negative interest rates. Whatever next? Anyone who had seen our current fiscal and monetary predicament, outlined in detail in my Centre for Policy Studies report today, is certainly likely to feel bemused. By international standards British monetary and fiscal policy has been extreme. Interest rates, at 0.5 per cent, are already at their lowest rate in the 300 plus year history of the Bank. The fiscal deficit, at over 8 per cent of GDP, is far worse than during the 1970s crisis

Isabel Hardman

The ‘bedroom tax’ shows Downing Street does need a Damian McBride character

MPs are debating that Cut With the Awkward Name, the Under-occupation of Social Housing: Housing Benefit Entitlement, also known by its opponents as the ‘bedroom tax’, this afternoon. I’ve already posted about some of the problems that this policy might throw up, however well-intentioned, but there’s also an important political point here. When I talk to Tory MPs about this cut, some of them accept that there are problems with specific cases, and with the number of smaller homes that are actually available for people to move into (interestingly, one housing association has reclassified its properties so tenants can avoid being eligible for the cut), but what exercises them more

The government must cut or even scrap capital gains tax

When economists get things wrong– something rather easy, given the nature of their subject – they should admit that they got them wrong. Well, the Adam Smith Institute got it wrong. Two years ago we predicted that, if Vince Cable got his way and capital gains tax rates were increased to match income tax rates – up from 18 per cent to 40 per cent or even 50 per cent – the Treasury would not make anything out of it, and would actually lose £2.48bn in revenue. In the event, CGT was not raised to 40 per cent or 50 per cent. But it was raised to 28 per cent

Melanie McDonagh

Keith O’Brien’s resignation is no good thing. But it might be good for the Catholic church

The downfall of Cardinal Keith O’Brien could not have been more complete if it had been orchestrated by Stonewall, which, if you recall, awarded him Bigot of the Year for his opposition to gay marriage. Actually, the one surprise is that it wasn’t Stonewall that brought him down, but three Scottish priests, and one ex-priest, courtesy of The Observer.  The most senior Catholic cleric in Britain, the most forthright opponent of gay marriage; quite a scalp for secularists, gay rights activists and indeed for some Catholics of a liberal persuasion. One Catholic academic, when he heard the news, observed that this marked the end of the Church’s authority on matters

Alex Massie

Are British Doctors Paid Too Much?

I knew that British doctors are well-paid but unti I saw, via Kevin Drum, this chart I had no idea they were so much better-paid than most of their peers in the western world.  This is culled from a 2004 OECD report (Pdf) and all figures are in PPP-adjusted dollars. Of course, doctors received significant pay increases during the Blair years. Specialists were not treated as kindly as (well-trained) GPs but even their wages increased by more than 30% in real terms. Which is fine. The constituency demanding pay cuts for doctors is very small. Nevertheless, these charts (which are not, I think, outdated in any significant sense) are worth

Cardinal Keith O’Brien’s prayers

As the late Christopher Hitchens used to say of the most vociferous, gay-obsessed clergy: ‘I have a rule of thumb for such clerics and have never known it to fail: Set your watch and sit back, and pretty soon they will be found sprawling lustily on the floor of the men’s room.’ In Cardinal Keith O’Brien’s case it was not on the floor of the men’s room but – if the stories of several former young novices are true – in late-night prayer sessions that His Eminence brought himself low. This is allegedly the same Keith O’Brien who was the author of last year’s tumescent comparison of civil marriage equality

Isabel Hardman

Will the UK keep its AA1 rating until 2015?

Labour has been granted an urgent question in the Commons on the loss of the AAA credit rating this afternoon, and we can expect George Osborne to reiterate his comments over the weekend that this downgrade was a ‘clear message that Britain cannot let up in dealing with its debts’. But will he suggest that the UK can hold onto the AA1 status that it now holds with Moody’s until the end of this Parliament? Announcing the downgrade, the agency said it didn’t expect any changes in the rating over the next 12-18 months. But it added: ‘However, downward pressure on the rating could arise if government policies were unable

Alex Massie

Brave, the Oscars and the Scottish Cringe.

Hurrah for Brave, the little movie that could! And did! All Scotland salutes her Oscar for Best Animated Feature. Another triumph for the plucky underdogs at Disney-Pixar. That, at any rate, is the Scottish government’s view. This “Scottish film” (according to the SNP’s official twitter feed) is another example of Caledonian excellence. Only pedants and churls – of which the country possesses no shortage – can fail to be stirred by the movie’s victory in a minor Oscar category. Well, of course, there’s nothing wrong with liking Brave – a perfectly decent movie – and nothing wrong with preferring it to animated movies you most probably have not seen. But, really,

Rod Liddle

Strange things a’happening in Eastleigh

Apologies for my absence – had a week’s holiday, somewhere distant from thunderstorms and snow. Coming back last night on an Oman Airlines flight, in cattle class, the air stewardess trolley babe asked me which of the two set hot meals of stewed shit I would prefer. I told her that I didn’t really fancy either, please could I just have some cheese and crackers? She replied, and I quote: ‘There is cheese and biscuits in the first class and business class sections, but not for people like you.’ So, Eastleigh, then – and what an appalling showing by Labour, if the polls are to be believed. It is true