Society

Thursday

Rory Sutherland Rory Sutherland

How to increase your home’s value – with a sandwich

It is a tenet of neo-liberal economics that there is no such thing as a free lunch. This is obvious baloney. There are free lunches everywhere. The problem is that those free lunches are no longer served to people doing useful work. They are instead handed out to the owners of a few favoured asset classes through untaxed gains. We have created far more tax breaks for rent-seeking than for productive work… and then we wonder why Britain has a productivity crisis. Under a future Sutherland regime, there would be no tax paid on beer drunk in a pub I must admit I enjoy a few free lunches myself –

Wednesday

Matt Ridley

Why I’m sceptical about a superconductor breakthrough

A team of South Korean scientists has pre-printed a paper asserting that they have achieved superconductivity at room temperature and atmospheric pressure. The paper has led to widespread speculation that this is the most significant physics discovery in decades, with huge implications for energy, medical technology and computing. Even Jordan Peterson is asking if room-temperature superconductivity has become a reality.  If the paper is true, it is indeed big news.   The authors of this latest paper are not hiding the light of their excitement under any bushels of modesty But there are widespread doubts as to whether it will prove true. The paper comes from an unknown team at a

Rod Liddle Rod Liddle

The doctrine of intersectionality is a dud

The almost complete absence of anything remotely resembling an intersection in the progressive doctrine of intersectionality poses a problem for those on the left who adhere to its idiotic credo. Put crassly, intersectionality implies that anyone who is not straight, white and male shares an equal burden of oppression and should thus put aside footling differences of opinion and unite against the ghastly and brutal hegemony. If Malaysians were in favour of gay relationships then they’ve had 60-odd years to repeal the laws There are no greater agents of oppression than imperialism and colonialism and indeed these twin behemoths of wickedness are solely responsible for the misery inflicted upon the

The Spectator

NatWest’s attack on Nigel Farage was a political hitjob

The Coutts scandal can be traced back to the day, two years ago, when the bank proudly announced that it had achieved ‘B Corp’ status. B Corp is a little-known non-profit which operates a scheme a bit like Stonewall’s Diversity Champions Programme. Companies that sign up and jump through the necessary hoops will receive a certificate declaring that they’re ethical and inclusive. Business and politics should be kept separate, yet woke capitalism wants to fuse them together B Corp’s website declares: ‘Certified B Corporations are leaders in the global movement for an inclusive, equitable and regenerative economy.’ It adds that its scheme seeks to measure ‘a company’s entire social and

Charles Moore Charles Moore

Coutts has forgotten what the job of a bank is

We now have a reluctant apology from Dame Alison Rose, followed by her even more reluctant resignation. Her departure is a major achievement, but the reluctance is a symptom of the problem. How could she possibly have thought she could stay after she was caught breaking a client’s confidentiality and spreading untruths about him (untruths which the BBC checked with her before publishing)? How could her chairman, Sir Howard Davies, have possibly thought that she could? And still we have nothing from Coutts, the bank that tried to trash Nigel Farage in the first place. Coutts is a B Corp, meaning a corporation which signs up to the commandments of

Dot Wordsworth

The horror of being branded a PEP

When I asked my husband if he knew what PEP meant he said: ‘It’s an emergency combination of HIV drugs that can stop the virus if you’ve been putting your todger where you shouldn’t.’ Trust him to get hold of the wrong end of the stick. To him as a doctor, PEP meant Post-Exposure Prophylaxis. But I was talking about Politically Exposed Persons – a concept abused by banks to deny people accounts, as happened to Nigel Farage. Dominic Lawson, once editor of The Spectator, wrote in the Daily Mail about his wife being refused a bank account because her brother is a Viscount – but one without a seat

Sebastian Faulks

I sledged Steve Smith for England

In this summer of sporting dramas, every patriotic sports fan likes to think he’s done his bit to help. I went up to Manchester with my brother last Thursday and in the evening we found ourselves in an Indian restaurant with the England wicket-keeper Jonny Bairstow at the next table. I feel sure it was Edward’s and my manly cries of ‘Good luck, Jonny’ as he left that helped him bat so brilliantly for his 99 not out. Though I suppose it could have been the vindaloo that fired him up. My major influence on the Ashes series came a few days earlier, when I bumped into the Australian all-time-great batsman

The Spectator

Portrait of the Week: NatWest, fires in Greece and Twitter’s new look 

Home Dame Alison Rose resigned as the chief executive of the NatWest group, which owns Coutts bank. She had been the source of a BBC report that Nigel Farage’s account at Coutts had been closed because it no longer met the bank’s financial requirements. Dame Alison also apologised to Mr Farage for ‘deeply inappropriate’ comments in a Coutts dossier on him which showed his account had been closed because of his political views. Her resignation came only after No. 10 had expressed ‘significant concerns’ about her remaining as the board wanted. The volume of goods sold by Unilever fell by 2.5 per cent in the first half of the year,

Mary Killen

Dear Mary: what is the perfect response to an awkward discussion?

Q. I recently joined our gardener during his tea break and asked: ‘What news? He replied: ‘We went to see Dad in his coffin yesterday – he looked very smart in his suit. It is amazing what they can do these days.’ I was quite unable to think of a suitable response – and still cannot. Any thoughts, Mary? — R.H., Cheltenham A. One good all-purpose response in these situations is to nod and murmur: ‘So they say… So they say…’ Q. I am a moderately successful journalist and sometimes friends ask me to help their children enter the trade. The problem is: after initial contact, usually by text or

Toby Young Toby Young

Why Barbie deserves the backlash

Being the CEO of a massive corporation isn’t easy. You’re expected to grow the company, increase profits and boost the share price – the traditional responsibilities of a top hat-wearing capitalist. But at the same time, you need to align your company with the ‘values’ of a hyper-liberal global elite, e.g. anti-racism, trans rights and net zero. Contrary to the rhetoric of business school professors and management consultants, these agendas don’t always complement each other, and too much emphasis on one risks alienating those who care about the other. Get it wrong and you can come a cropper, as Dame Alison Rose, the recently departed CEO of NatWest, has discovered.

Richard Mabey

Who’s afraid of giant hogweed?

Giant hogweed is a troublesome and expansive species. But it is not, as the tabloids inevitably describe it every summer, ‘Britain’s most dangerous plant’. Many garden favourites – yew, laburnum, castor-oil plant (the source of ricin), for example – can actually kill you. The answer to living with these difficult but beautiful organisms isn’t knee-jerk eradication, but learning what they are and how they live… and then keeping a respectful distance.  Back in the early 1970s, meandering round the wastelands near Heathrow, I came across a giant hogweed wrapped round with ‘Keep Out’ tape. I wasn’t sure if it was a genuine security warning, or a jokey art installation. This

The Spectator

2612: Grounded – solution

The eight unclued lights are the names of flightless birds, past and present. First prize John Honey, Brockworth, Gloucester Runners-up Fran Morrison, Putney, London SW15; David Dickson, Tarrant Monkton, Dorset

Fieldfare

2615: Bronze pile

Unclued lights give the names (one of two words) of some members of a distinguished group. A further member is the answer to a clued light and should be highlighted. One name does double duty. Across 1    Enclose wife in vaulted chamber (8) 5    Mean times approaching (6) 14    Hard ball of wood found in manure (3) 16    In entrance a special delivery (6) 17    Military unit about to kill old man (5) 18    Knowledge of enemy movements occupying hill (5) 20    One applauding cook almost before end of dinner (7) 22    Concerned with bureau avoiding a period style (7) 24    Inability to decide about liar, given tip-offs (7) 25   

Lucy Vickery

Spectator competition winners: famous poems in reverse

In Competition No. 3309, you were invited to compose a poem starting with the last line of any well-known poem and ending with its first, the new poem being on a different subject from the original. Max Ross’s sonnet, reflecting on the demands of the task in hand, earns a commendation: The task for which I now am all too weakConsumes a wealth of hours as I imploreHundreds of poets to give me what I seekAnd sometimes I decide to search no more…  As does Bob Trewin’s entry, which uses Dylan Thomas’s line – ‘Rage, rage against the dying of the light’ – to highlight the challenging consequences, for some,

Luke McShane

No. 762

White to play. Navara-Bassem, Biel 2023. This arose from a game of ‘Chess960’ where the pieces are shuffled on the back ranks at the start of the game. Navara’s rook is attacked, but which move allowed him to score a quick win? Email answers to chess@spectator.co.uk by Monday 31 July. There is a prize of £20 for the first correct answer out of a hat. Please include a postal address. Last week’s solution 1 Kg4! threatens mate with Rf2-h2+. 1…Kh7 2 Rh2+ Kg6 3 Rh6# Last week’s winner Richard Berman, London NW7

Luke McShane

Getting a grip

In the 12th and final game of the women’s world championship, a pivotal role was played by a modest knight retreat from China’s defending champion Ju Wenjun. Her immediate purpose was to restrain a dangerous passed pawn. But that simple measure set in motion a deeper plan, which challenger Lei Tingjie was unable to prevent. Ju used both her knights to establish an unshakeable central blockade, and Lei’s immobile pawns were destroyed a few moves later. The match was a triumph of tenacity for Ju, who was outplayed by her compatriot in exemplary style in the fifth game, and trailed at the halfway point. Thereafter, play moved from Shanghai to

Webb Keane and Scott J. Shapiro

Deus ex machina: the dangers of AI godbots

Something weird is happening in the world of AI. On Jesus-ai.com, you can pose questions to an artificially intelligent Jesus: ‘Ask Jesus AI about any verses in the Bible, law, love, life, truth!’ The app Delphi, named after the Greek oracle, claims to solve your ethical dilemmas. Several bots take on the identity of Krishna to answer your questions about what a good Hindu should do. Meanwhile, a church in Nuremberg recently used ChatGPT in its liturgy – the bot, represented by the avatar of a bearded man, preached that worshippers should not fear death.  Elon Musk put his finger on it: AI is starting to look ‘godlike’. The historian

Peter Jones

Socrates meets Keir Mather, the new Labour MP for Selby

SOCRATES: I was walking back from the gymnasium when I saw Keir Mather, the new MP for Selby, on his way there. I had been told he was young and good-looking and went to a world-famous Oxford College, so I have been very keen to meet to him. Hello, O Keir. MATHER: And you too, Socrates. But what, therefore? SOCRATES: Now that you are an MP, you must tell me what justice is. For that surely is a lawmaker’s main concern. MATHER: Enough verbal games. Justice is defined by the laws. My job is to solve problems in the real world. SOCRATES: Are Tory laws, then, just? MATHER: Of course

The Spectator

Is 2023 a bad year for forest fires in Europe?

Boss pay Julia Hoggett, chief executive of the London Stock Exchange, complained that FTSE 100 bosses aren’t paid enough, and suggested that the gap between UK bosses and US bosses needs to be closed if the London market is to prosper. How much are FTSE 100 bosses paid? – The median earnings in 2021 for a FTSE 100 boss was £3.41m and the mean £4.26m. Three were paid less than £1m, 57 between £1m and £4m, 35 between £4m and £10m and three more than £10m. Two changed jobs during the year and so aren’t included in the figures – But the best-paid FTSE chief executive wasn’t even in the