Why did nobody see it coming? When the late Queen asked this question about the crash of 2008, on a visit to a London business school, no one had a clear answer. Why, in a financial world crawling with regulators, did no one spot that subprime mortgages were toxic, on the brink of falling apart?
As we come to the end of an era in which money was practically free, the big question is what the fallout will be from rising interest rates. It isn’t difficult to spot possible problems. Many governments look vulnerable. There are concerns about the UK, where the national debt is now equivalent to roughly 100
If you believed Hollywood, you’d think the world was madly in love with harried, struggling single mothers. I mean, who doesn’t love Erin Brockovich? Or Renée Zellweger’s character in Jerry Maguire? But in real life, that’s not how it works. In recent months, I have unexpectedly found myself the sole-care single mother to two young
During a recent trip to Taipei, I sat down with several retired Taiwanese national security officials to talk about the possibility of war with China. Their responses were sobering: most agreed an outright war is likely this decade or in the early 2030s – whenever Beijing thinks it can outmuscle the US and Japan. They
Never judge a country by its airport road. Georgia’s, from international arrivals to the heart of Tbilisi, is impeccable. The George W. Bush highway (yes, really) is smooth asphalt, with chic electric cars humming down avenues, punctuated by spanking new Lukoil petrol stations with fuel at dirt-cheap prices. It is impeccably clean. And when you
Masculinity has been in crisis for as long as anyone can remember. The usual explanation is that post-industrial society doesn’t much care for brawn. We’re all office dwellers now, mutely churning out spreadsheets for other spreadsheet producers. The theory makes sense as far as it goes. But something else has changed much more recently: a
Pundits writing for a young audience are always telling readers to ‘stop pretending to be working-class!’ and stop ‘fetishising the working class’. They seem more angered by the imitation of class than the iniquities of class itself. Singer Lily Allen and the rap star Yungblud have both been denounced on Twitter for – to paraphrase
The Spectator’s Economic Innovator of the Year Awards 2023 in partnership with Investec are open for business. We’re looking forward to hearing from entrepreneur-led high-growth businesses across the UK and we’re especially pleased to welcome back our partner Investec – an international banking, wealth and investment group with an extensive UK regional network and a
To some, the phrase ‘table for one, please’ is among the saddest in the English language. Perhaps this isn’t a surprise; the concept of social dining for pleasure dates back to Ancient Greece. There, meals would be served at all-male gatherings on low tables so the guests could recline while eating (a recipe for heartburn,
