The Spectator

The rewards of failure

We’ve just posted a great piece by Martin Vander Weyer on the dangers to capitalism of the kind of huge pay-offs that the departing boss of Merrill Lynch is set to receive. You can read it here.

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Freddy Gray

Jimmy Carter’s mistake was telling America it was wrong

It’s hard to think of a political oration that has backfired as famously as Jimmy Carter’s ‘crisis of confidence’ speech, delivered from the White House on 15 July, 1979.  The fact that it is still today called the ‘malaise’ speech, despite the fact he never used the word, speaks to the scale of its failure. 

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