Features

Thursday

Matthew Lynn

The golden rule: there’s no reason to stop buying precious metals

Last year might have proved a good time to own shares in the chip-maker Nvidia, along with the booming American tech giants. Or a piece of the defense manufacturers as the world re-arms. Or to hold a position in some of the rapidly growing economies of South America or Asia, or even one of the hyped-up crypto currencies. There were plenty of places investors expected to make money over the past year. As it turned out, however, there was one asset that outpaced them all, even though it generates no income: gold, and to an even greater extent, its junior sibling silver. With government debt soaring out of control, the precious metals are more valuable than ever – and so long as that is true, they will keep on climbing. There is no question it was the stand-out asset of last year.

Thursday

Charlie Gammell

The rule of the Ayatollahs is broken. What happens now?

"Help is on the way," promised Donald Trump to the people of Iran defying the Islamic Republic. In the same social media post, the President, characteristically light on detail, also urged Iranian protesters to take over the institutions of the Islamic Republic (presumably by force) and to keep a note of the names and numbers of their oppressors for retribution’s sake. Whatever these words presage – be it air strikes on Iranian Revolutionary Guard Corps (IRGC) and Basij facilities, or cyberattacks on Iran’s intelligence agencies, to blind the regime as the regime has blinded protesters by shutting down the internet – it remains to be seen if such an intervention will tip the balance in favor of the regime, the protesters, or simply chaos.

ayatollahs

Sunday

Louise Perry

Are falling birth rates a bigger threat than overpopulation?

In 1980, two academics made a bet. Julian Simon, professor of economics at the University of Illinois, predicted that the prices of chromium, copper, nickel, tin and tungsten would fall over the coming decade. Paul Ehrlich, professor of population studies at Stanford University, predicted that prices would rise. What Simon and Ehrlich were really betting on was the future of humanity – specifically, how many souls could the good ship Earth carry without running aground? By 1980, the global population had seen a period of enormous growth: doubling between 1800 and 1930 to reach 2 billion people, and then doubling again to reach 4 billion by 1975. Every sign suggested that this rate of growth would only accelerate, and Ehrlich was among those who saw catastrophe looming.

falling birth rates

Friday

Justin Marozzi

What Trump’s coup in Venezuela means for Iran

In a city awash with visual propaganda, one mural in Caracas is especially striking for the western visitor. In it, Jesus Christ stands alongside Imam Mahdi, a prophesied messianic figure who many Muslims believe will appear with Christ during the End Times to restore peace and justice to the world. There is only one Venezuelan – the late president Hugo Chávez – among the six smaller figures on the mural. Three are Iranian, including Qasem Soleimani, commander of the Islamic Revolutionary Guard Corps elite Quds Force, killed by a US airstrike in 2020. One is an Iraqi commander killed in the same strike, and the last is Lebanese, Imad Mughniyeh, a founder of Islamic Jihad in Lebanon and number two in Hezbollah until his assassination in 2008.

Wednesday

Avi Loeb

The scientific case for the existence of intelligent alien life

The foundation of science is based on the humility to learn, not the arrogance of expertise. When comet experts argued that the interstellar object 3I/ATLAS must be a familiar water-rich comet as soon as it was discovered in July, they behaved like artificial intelligence systems: only able to reflect the data sets they were trained on. For decades, the data set that established comet expertise largely comprised icy rocks in the solar system. My counterpoint is simple: humanity launched technological objects into space, so we must conclude that alien life forms could do the same. This possibility must be added to the training data set of comet experts when studying interstellar objects.

Angus Colwell

An interview with the physicist David Deutsch

The Amazon reviews for David Deutsch’s The Beginning of Infinity don’t alert you to the fact that this is a book on theoretical physics. They sound more like a weepy divorcé’s YouTube comments below a Mark Knopfler guitar solo. “I didn’t so much read it,’ says one. “It read me.’ ‘I was honestly sad when it was over,’ writes another. “This book changed my way of seeing the world, politics, science and, most importantly, of seeing what I will understand as containing some truth.” When I talk to Deutsch – one of the most sensationally interesting theoretical physicists of our age – on Zoom, I see two beady eyes peering at me over some non-spectacular spectacles under a mess of thin white hair, borne by a thin white man in a thin white shirt.

slipshod
Sarah Perry

Slipshod: a short story by Sarah Perry

It was months before the difficulty with Marnie and Addison was talked about, or even alluded to. The sight of their names in emails circulated around the department was enough to cause a pall to settle on everything, like ash from fires only just put out. Besides, the nature of the difficulty (that was the word we all used) was both so opaque and so distressing we’d have had trouble talking about it, even if we’d wanted to. It fell to me to piece things together. My brief from Helen was simply to satisfy the university that nobody in the department was to blame. It fell to me because I am, she tells me, part of the furniture: unremarkable, functional, predictable.

david mamet
David Mamet

The myth of human sacrifice

Most of us indulge in mild fortune-telling. We think "If the light changes before I count to five, I’ll get the job" or "If the solitaire hand comes out my tests will be negative’, and so on. We understand prophecy as the ability to foretell the future. But biblically, prophecy was not prediction but castigation. And prophets were those who were inspired by God to describe the present. Dr. King, Malcolm X and Charlie Kirk were modern prophets. Their lives and speech forced the populace to confront the unacceptable and obvious, which is why they were killed. Mass murderers and political assassins are incapable of facing the truth that their fury is not caused by "the other" but by their own mind.

Damian Thompson

The Sherlockians’ game

There is no better time to read a Sherlock Holmes story than a winter evening. As the rain lashes against the windows and the fog descends, we can imagine ourselves sitting companionably with the great detective and the good doctor around the Baker Street hearth, waiting for the step of a visitor upon the stair. Unfortunately, our 21st-century climate rarely cooperates. The rainstorm arrives when we’re far from a hearth, fighting with an umbrella that turns inside-out at the first breath of wind. And when were you last enveloped in a London fog? The savagery of the elements beating down on 221b seems to belong to another world. "It was a wild, tempestuous night, towards the close of November… Outside the wind howled down Baker Street" ("The Adventure of the Golden Pince-Nez").

Gyles Brandreth

How Queen Camilla is spreading the joy of reading

Queen Camilla loves a book. Almost any book will do. "There’s something so tactile about a book," she says. "I like the smell of the pages when you open the cover. I like turning the pages and folding down a corner ready for next time…" The Queen, 78, has loved books for as long as she can remember. She says her father, Bruce Shand, inspired this lifelong passion: "He read to us as children. He chose the books, and we listened. He was probably the best-read man I’ve come across anywhere. He devoured books." Bruce Shand was a soldier. His father was a writer, about architecture, food and wine. His father was another writer, who, incidentally, was briefly and secretly engaged to Constance Lloyd, who went on to marry Oscar Wilde. This is a family with literary leanings.

William Moore

Jung Chang: what the West gets wrong about China

No writer has done more than Jung Chang to bring the horrors of Maoist China to the attention of western readers. In her monumental memoir Wild Swans (1991), she recounted the Chinese Communist Revolution, the Great Famine and the Cultural Revolution through the stories of her grandmother, her mother and herself. Its influence was enormous: Wild Swans sold more than 15 million copies, making it one of the best-selling nonfiction books of all time. In Mao: The Unknown Story (2005), co-written with her husband, the historian Jon Halliday, she blew apart decades of Chinese Communist party propaganda to reevaluate Mao as one of history’s greatest monsters, as bad, if not worse, than Hitler or Stalin.

Tuesday

William Atkinson, Lara Brown and John Power

Peter Thiel predicts the future

Peter Thiel has been described variously as “America’s leading public intellectual,” the “architect of Silicon Valley’s contemporary ethos” or as an “incoherent and alarmingly super-nationalistic” malevolent force. The PayPal and Palantir founder, a prominent early supporter of Donald Trump, is one of the world’s richest and most influential men. Throughout his career, his principal concern has always been the future, so when The Spectator asked to interview him, he wanted to talk to young people. To that effect, three young members of the editorial team were sent to Los Angeles to meet him. What follows is an edited transcript of their conversation.