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Habits of Empire

David Priestland: Financial Imperialism, 27 July 2023

The Meddlers: Sovereignty, Empire, and the Birth of Global Economic Governance 
by Jamie Martin.
Harvard, 345 pp., £34.95, June 2022, 978 0 674 97654 2
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... In​ The World Is Flat, published in 2005, Thomas Friedman argued that global trade and finance, presided over by international institutions – the IMF, the World Bank, the WTO – were making the planet not only richer but less hierarchical and unequal. This was a pumped-up version of the Enlightenment theory of doux commerce, which held that growing trade, founded on mutually beneficial contracts and the rule of law, would provide opportunity and riches for all, and eventually consign wars, empires and great-power politics to the past ...

Rise of the Rest

Pankaj Mishra: After America, 6 November 2008

The Post-American World 
by Fareed Zakaria.
Allen Lane, 292 pp., £20, July 2008, 978 1 84614 153 9
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The Second World: Empires and Influence in the New Global Order 
by Parag Khanna.
Allen Lane, 466 pp., £25, April 2008, 978 0 7139 9937 2
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... against the authoritarian powers of China and Russia and has found an influential reader in John McCain, an old-style promoter of American toughness. But it’s now quite hard to imagine Hu Jintao and Vladimir Putin, not to mention Osama bin Laden and other ‘enemies of the Free World’, quivering at the thought of a ‘concert of ...

After-Time

Christopher Hitchens, 19 October 1995

Palimpsest: A Memoir 
by Gore Vidal.
Deutsch, 432 pp., £17.99, October 1995, 0 233 98891 2
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... Windsors and the Georgetown ladies, and master in novel-form of the Washington of Henry Adams, John Hay and Teddy Roosevelt.Or is it so fitting? On second thoughts, is not Vidal a natural for the Protestant cemetery in Rome, hard by Keats and Shelley and Gramsci and Labriola, and sheltered, in serene pagan and Mediterranean style, by the pyramid of ...

On Thatcher

Karl Miller, 25 April 2013

... easing’, the word went undropped in the recent tributes, as did the name of the wizard Milton Friedman. And yet it was once the holy grail of expositions of Thatcherism, receiving ample treatment in Ian Gilmour’s critique Dancing with Dogma. What is admirable in her has, in fact, little to do with dogma. She came to the point and did what she ...

Document Number Nine

John Lanchester: Chinese Cyber-Sovereignty, 10 October 2019

The Great Firewall of China: How to Build and Control an Alternative Version of the Internet 
by James Griffiths.
Zed, 386 pp., £20, March 2019, 978 1 78699 535 3
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We Have Been Harmonised: Life in China’s Surveillance State 
by Kai Strittmatter.
Old Street, 328 pp., £9.99, May 2019, 978 1 913083 00 7
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... as an informational form of manifest destiny. In the words of the New York Times columnist Thomas Friedman, the internet is a ‘nutcracker to open societies’. This view has adherents in China too. Liu Xiaobo – the first Nobel laureate to die in prison since Carl von Ossietzky in Nazi Germany – said the internet was ‘God’s gift’ to a democratic ...

Diary

Marina Warner: Literary Diplomacy, 16 November 2017

... of the danger he was running regarding the obscenity laws and obloquy in his own social circles. John Sturrock, whose translation this is, points out in his introduction how the First World War had helped lighten persecution and, in turn, gave breathing space to Proust’s quest, not for lost time, but for revealing human complexity. Proust had very mixed-up ...

After the Fall

John Lanchester: Ten Years after the Crash, 5 July 2018

... to the alternatives. Mrs Thatcher was a philosophical conservative for whom the ideas of Hayek and Friedman were paramount: capitalism was practically superior to the alternatives, but that was intimately tied to the fact that it was morally better. It’s a claim that ultimately goes back to Adam Smith in the third book of The Wealth of Nations. In one sense ...

Oh God, what have we done?

Jackson Lears: The Strange Career of Robert Oppenheimer, 20 December 2012

Inside the Centre: The Life of J. Robert Oppenheimer 
by Ray Monk.
Cape, 818 pp., £30, November 2012, 978 0 224 06262 6
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... a late-life role as a prophetic outsider.He was born in 1904, the first child of Julius and Ella Friedman Oppenheimer. His father was a successful cloak manufacturer, his mother a patron of the arts who adorned their apartment with her collection – which included a Rembrandt etching, paintings by Renoir and Van Gogh, and a Blue Period Picasso. She was ...

Ahead lies – what?

R.W. Johnson, 12 March 1992

Paradigms Lost: The Post Cold War Era 
edited by Chester Hartman and Pedro Vilanova.
Pluto, 205 pp., £10.95, November 1991, 0 7453 0638 1
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The Crisis of Socialism in Europe 
edited by Christiane Lemke and Gary Marks.
Duke, 253 pp., £37.95, March 1992, 0 8223 1197 6
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... into Marxist discourse with Third World progressives.’ Wannabet? A key chapter by Robin Broad, John Cavanagh and Walden Bello on ‘Sustainable Development in the Nineties’ attacks capitalist development strategies in the Third World and details all manner of ecological disasters they have caused. Not many years ago this would have served as prologue to ...

Were we bullied?

Jamie Martin: Bretton Woods, 21 November 2013

The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White and the Making of a New World Order 
by Benn Steil.
Princeton, 449 pp., £19.95, February 2013, 978 0 691 14909 7
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... When an ailing John Maynard Keynes travelled to the American South in March 1946, he was delighted by what he found. The ‘balmy air and bright azalean colour’ of Savannah offered a welcome reprieve from the cold and damp of London, he wrote on arriving, and the children in the streets were livelier company than the ‘irritable’ and ‘exceedingly tired’ citizens of postwar Britain ...

Knights’ Moves

Peter Clarke: The Treasury View, 17 March 2005

Keynes and His Critics: Treasury Responses to the Keynesian Revolution 1925-46 
edited by G.C. Peden.
Oxford, 372 pp., £45, December 2004, 0 19 726322 4
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... the efforts of all the artillery officers, from General Hayek, in his Swiss château, to Colonel Friedman, on secondment from the US artillery, to recruits like Major Walters, not yet a staff officer treading the backstairs of 10 Downing Street, as well as a phalanx of fresh-faced subalterns, all set on loading the shells into the breech to fire off in the ...
Stalin’s Spy: Richard Sorge and the Tokyo Espionage Ring 
by Robert Whymant.
Tauris, 368 pp., £25, October 1996, 1 86064 044 3
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... home: Philby in Ambala, India, son of the eccentric explorer of Arabia (and Ford motor agent) St John Philby; Sorge in Baku, Russia to a German petroleum engineer and his Russian wife, the daughter of a prosperous capitalist from Kiev. Politically, Sorge’s lineage was even more exotic than Philby’s: while his father was a staunch subject of the ...

In Clover

Laleh Khalili: What does McKinsey do?, 15 December 2022

When McKinsey Comes to Town: The Hidden Influence of the World’s Most Powerful Consulting Firm 
by Walt Bogdanich and Michael Forsythe.
Bodley Head, 354 pp., £20, October 2022, 978 1 84792 625 8
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... by the Tory life peer Dido Harding, herself a former McKinsey consultant. Harding’s husband, John Penrose, another former McKinsey consultant and a Tory MP, was at the time the ‘anti-corruption champion’ at the Home Office. During the pandemic, he hit the headlines for trying to absolve Owen Paterson, a fellow Tory MP, who had improperly lobbied on ...

That Disturbing Devil

Ferdinand Mount: Land Ownership, 8 May 2014

Owning the Earth: The Transforming History of Land Ownership 
by Andro Linklater.
Bloomsbury, 482 pp., £20, January 2014, 978 1 4088 1574 8
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... all the more sweeping because back in England the pattern of land ownership was still very varied. John Darby’s huge estate map of Smallburgh, Norfolk, dated a year before Gilbert set sail and now in the British Library, shows a rich mixture of strip-fields, commons and orchards, as well as the large number of fields already enclosed by the landowner and ...

When Bitcoin Grows Up

John Lanchester: What is Money?, 21 April 2016

... with economists talking about the nature of money, starting with a fascinating paper by Milton Friedman, ‘The Island of Stone Money’, published in 1991. There’s a particularly good retelling of the story by Felix Martin in his 2013 book Money: The Unauthorised Biography. Yap has no metal. There’s nothing to make into coins. What the Yapese do ...

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