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Don’t Just Do Something, Talk

Slavoj Žižek on the financial crisis

“One of the most striking things about the reaction to the current financial meltdown is that, as one of the participants put it: ‘No one really knows what to do.’ The reason is that expectations are part of the game: how the market reacts to a particular intervention depends not only on how much bankers and traders trust the interventions, but even more on how much they think others will trust them.” [ read more . . . ]

LRB cover artwork

Vol. 30 No. 19 · 9 October 2008

Don’t Ask Henry

Alan Hollinghurst: Sissiness

  • Belchamber by Howard Sturgis

“The story of Belchamber’s publication is probably better known than the book itself, which, like its author, has suffered the ambiguous fate of becoming an accessory to the life of a more important writer. It is his friend Henry James who keeps Sturgis’s novel distantly in view, at the same time as casting a long shadow over it. James read it in proof, and wrote a characteristic sequence of letters to Sturgis about it, beginning with neat praise and mild demurrals, but quickly building up to such fundamental criticisms of the book that the demoralised author said he would withdraw it altogether; at which James protested and pleaded, successfully though not with any retraction of the criticisms he had made.” [ read more . . . ]

Cut, Kill, Dig, Drill

Jonathan Raban: Sarah Palin’s Cunning

Sarah Palin has put a new face and voice to the long-standing, powerful, but inchoate movement in US political life that one might see as a mutant strain of Poujadism, inflected with a modern American accent. There are echoes of the Poujadist agenda of 1950s France in its contempt for metropolitan elites, fuelling the resentment of the provinces towards the capital and the countryside towards the city, in its xenophobic strain of nationalism, sturdy, paysan resistance to taxation, hostility to big business, and conviction that politicians are out to exploit the common man.

[ read more . . . ]

Why Not Eat an Eclair?

David Runciman: Why Vote?

  • Free Riding by Richard Tuck

“Why would anyone vote for Barack Obama? Not why would anyone want to see Obama elected president rather than John McCain (or Hillary Clinton for that matter), but why would anyone who desired that outcome think that his or her individual vote could make the slightest difference in helping to bring it about? General elections are never decided by a single vote, so no one’s vote is ever going to be missed. If you want Obama to win, and plan to vote for him, but you forget, or find yourself otherwise detained, don’t worry – the final result will be unaffected by your failure to show up, even if you happen to live in a swing state like Ohio or Florida. If Obama is winning the state, he will do perfectly well without you; if he is losing, there is nothing you can do to help him get over the line, because the winning line will always be further away than your paltry individual vote. Either way, you are not needed, so why bother to vote at all?” [ read more . . . ]

The Khugistic Sandal

Jenny Diski: Jews & Shoes

  • Jews and Shoes edited by Edna Nahshon

“Great shoemakers of our day: Manolo Blahnik, Jimmy Choo, Christian Louboutin. None of them, I think, very Jewish. And if there had been any great pre or postwar Jewish shoe mavins they would certainly have been pointed out to me by my parents, who identified any Jewish achiever in any sphere as one of the family: Alma Cogan, Einstein, Marx, boxing promoter Jack Solomons (the Sultan of Sock), it didn’t matter what they were known for, everyone counted. Even, like the Kray Twins, a little bit Jewish and murderers would make them ours and make us proud – but there was never a mention of shoe designers.” [ read more . . . ]

Plus

Short Cuts

Adam Shatz: Obsession with Islam

At the Movies

Michael Wood on Max Ophuls

Registered subscribers to the print edition of the LRB can also read the following:

For more information see the contents page.

From the LRB archive

Cityphilia

John Lanchester on the credit crunch

“Uncritical and uninformed governmental Cityphilia received its biggest shock in decades this autumn, with the near collapse of Britain’s fifth largest mortgage lender, Northern Rock. Britain’s first genuine bank run in more than a hundred years shone a light in many places where the sun doesn’t routinely shine, and one of the first things to be brought into question was the ways banks work. As I’ve already said, my father was a banker, and I grew up hearing about that mythical beast, the bank run. It was often spoken of but rarely seen in the wild. Bankers are said to dread a bank run, but my dad talked about them with a certain black humour. They were always a sign that somebody had fucked up, big-time. They can also be a sign that something in the financial system is fundamentally wrong. The question hanging around in the residue of the Rock’s near implosion is which type of bank run this was – a fuck-up, or a harbinger of meltdown?” [ read more . . . ]

[ This article appeared in the LRB dated 3 January 2008. ]

In the next issue, which will be dated 23 October, Neal Ascherson on Europe’s natural advantages; Bernard Porter on Hester Stanhope; David Bromwich on Reinhold Niebuhr. Subscribers to the print edition will get online access to these and all other articles from the LRB. To find out about subscribing click here.

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