There is nothing sinful in amassing wealth, provided it is done justly. Andrew Carnegie, in his essay ‘Wealth’, got it right. What is reprehensible is to hang on to it: ‘The man who dies thus rich, dies disgraced.’ By the time he went, in his sleep, in his 84th year, Carnegie had disposed of virtually
QinetiQ, the business created out of the Defence Evaluation and Research Agency, is Labour’s first attempt at full-scale privatisation, and it has deservedly run into heavy flak. The Daily Telegraph is particularly agitated about the fact that private investors cannot apply for shares in next month’s £1.1 billion flotation, which is open only to institutions.
People have mixed feelings about ivy (Hedera helix). It is believed to do unhurried damage to buildings while artfully concealing its depredations. ‘Creeping ivy …hides the ruin that it feeds upon,’ as Cowper says. Not long ago, Jerome, who looks after our London garden, had to cut back the ivy covering the high wall abutting
Everyone seems to be concocting their own shortlists for the most desirable job in London (I speak, of course, of the leadership of the Liberal Democrats), but the contest that catches my eye is the one to become the next director-general of the CBI — not least because, in a moment of whimsy, I once
When I first came to London, half a century ago, the head of the journalistic profession was Arthur Christiansen. ‘Chris’ was much admired in the trade. I considered it a signal honour to have a drink with him in what his employer, Lord Beaverbrook, called ‘El Vino’s Public House’. Beaverbrook made him editor of the
This is the time of year for virtuous resolutions, so let us resolve on a visit to the Bad Investment Guide, which now has a gilt-edged new entry. In among all the flaky oil-drillers and flats brought off the drawing board for a quick turn, we can note the stately presence of Her Majesty’s Government’s
It’s pantomime season here in Helmsley — Jack and the Beanstalk, seats available at all prices — but this year I’m not the dame. The ladies in charge said they wanted a wholesome family show, so that ruled out a re-appearance of the Les-Dawson-does-Dame-Edna persona I developed last year — to some acclaim from rowdier
The most striking work in the spine-tingling show at the National Gallery, ‘Rubens: A Master in the Making’, is the enormous painting of St George slaying the Dragon (Prado). What I like about Rubens is that he always goes over the top. Here, the head of the saint’s charger, and especially the mane, is a
Gordon Brown is a son of the manse, so he will have been brought up on the Parable of the Unjust Steward. As stewards have been known to do, this one, we are told, had been fiddling the figures, and realised that his accounts would soon be audited. When that day came, he knew, he
The world of mammon has never been more blatant and noisy. A businessman, a caricature plutocratic monster, pays himself a yearly dividend, from just one of his companies, of £1.2 billion: that is more than the total income of 54,000 people on average earnings. He is capitalism’s top celeb, a media hero, alongside the football
This is the season of Advent: the time of prayer. Of course we should all pray all the time and not just in this season. I am not a prayerful person but I do pray daily and cannot imagine not doing so. Even King Claudius, whom Charles Lamb said was the least likable character in
In the sixth form, I sat next to Adair Turner, now Lord Turner of Ecchinswell, the pensions prophet whom the Chancellor has left crying in the wilderness. Turner was cleverer than the rest of us, deeply serious and dedicated to his studies; a gifted loner who sat apart from the brutish cut and thrust of
New York No helicopters are flying in the cold clear skies above Liberty Street, home of the Federal Reserve Bank of New York, from which I assume that monetary policy is in neutral. If money were running short, Ben Bernanke, successor-designate to Alan Greenspan as chairman of the Fed, would be prepared to contemplate an
The bad behaviour of Sir Christopher Meyer, former ambassador in Washington, raises interesting questions of nomenclature. Should he be called a shit, a cad or a rat? I rather rule out rat as being tabloid-speak, and Meyer, though he has a lot to do with tabloids (as chairman of that humbugging body, the Press Complaints
A funny thing happened to me on the way to The Spectator Parliamentarian of the Year lunch. The early crowd in the foyer of Claridge’s ballroom was largely made up of City guests invited by our excellent sponsor, Threadneedle Investments, while less well-mannered parliamentary and media guests arrived late or not at all. I recognised
Many people naturally assume that the final round of the Tory party leadership is between David Davis and Dave Cameron. They are seen together on the hustings, smiling at each other through gritted teeth. They take part in debates. They talk about their underwear. And on 6 December one of them — very probably Dave
Rivers of fudge are to be expected from corporate PR people, but the Cadbury factory at Bourneville has an unusually impressive one — an endless six-feet-wide flow of the soft, brown confection, about to be sliced into ribbons, then chopped into tiny rectangles, coated in chocolate and popped into Milk Tray boxes. Even more seductive
A TV interviewer recently asked Stephen Hawking, author of A Brief History of Time, ‘What existed before the universe began?’ and was snubbed. ‘That’s a meaningless question.’ Oh no, it isn’t. Hawking may be an expert mathematician and a distinguished physicist but he evidently knows little of the uses of English and the problems of
I have long thought that Alan Greenspan would have made a passable Dalai Lama. Those gnomic utterances, that air of inner calm, that instant access to a deep well of understanding…. The faithful have come to accept that the chairman of the United States Federal Reserve Board is the embodiment of power and wisdom, and
My old tutor, A.J.P. Taylor, used to say, ‘The only lesson of history is that there are no lessons of history.’ Not true. History does not exactly repeat itself, but there are recurrent patterns. And the historian learns to look for certain signs. He asks, What is the prevailing orthodoxy, in any field, at a