Share
Best of the Spectator
The Edition: soul suckers of private equity, Douglas Murray on Epstein & are literary sequels ‘lazy’?
The soul suckers of private equity, Douglas Murray on Epstein and MAGA & are literary sequels ‘lazy’?
First up: how private equity is ruining Britain
Gus Carter writes in the magazine this week about how foreign private equity (PE) is hollowing out Britain – PE now owns everything from a Pret a Manger to a Dorset village, and even the number of children’s homes owned by PE has doubled in the last five years. This ‘gives capitalism a bad name’, he writes. Perhaps the most symbolic example is in the water industry, with water firms now squeezed for money and saddled with debt. British water firms now have a debt-to-equity ratio of 70%, compared to just 4% in 1991. Britain’s desperation for foreign money has, quite literally, left Britain ‘in the shit’.
Gus joined the podcast to discuss further, alongside the journalist Megan Greenwell, author of Bad Company: Private Equity and the Death of the American Dream. (00:46)
Next: why is MAGA so incensed over Jeffrey Epstein?
Six years after he died, the Jeffrey Epstein scandal is still haunting Donald Trump. Trump had vowed to release all files on various cases that attract conspiracy theorists – from JFK to Martin Luther King Jr. What makes the Epstein case different, as Douglas Murray writes in the magazine this week, is that the case was so recent and Epstein’s ties with the elites, many of whom are still in power. Trump appeared to backtrack on releasing files relating to Epstein, prompting ire from the MAGA world, and there is now mounting cross-party pressure to uncover who knew what. Mike Johnson, the House speaker, sent representatives home early for summer, and there is even talk of Ghislaine Maxwell testifying.
Why is the Epstein scandal such a lightning rod for MAGA rage? Douglas Murray joined the Spectator to discuss. The full interview can be found on Spectator TV. (15:49)
And finally: are literary sequels ‘lazy’?
It’s ‘sod’s law’, says the Spectator’s literary editor Sam Leith, that when a friend’s book is due to be reviewed in the pages of the books section that you edit, the review will be bad. Mike Cormack reviews Men In Love by Irvine Welsh this week, calling the decision by Welsh to pen another sequel to Trainspotting ‘lazy’. At the Spectator this made us ponder whether this is true of all literary sequels, and what motivates authors to stick with characters and stories that they know.
Sam joined us to discuss further alongside Lucy Thynne, the Telegraph’s deputy literary editor. (33:59)
Hosted by William Moore and Lara Prendergast.
Produced by Patrick Gibbons and Megan McElroy.
More episodes
View all episodes
Spectator Out Loud: Mickey Down, Charlie Gammell, Sean Thomas & Douglas Murray
31:26|On this week’s Spectator Out Loud: Mickey Down, co-creator of Industry, reads his diary for the week; Charlie Gammell argues that US intervention could push Iran into civil war and terrorism – warning that there are more possibilities than just revolution or regime survival; false dichotomy at the heart of; Sean Thomas bemoans the bittersweet liberation from his libido; and, Douglas Murray believes Britain has a growing obsession with race.Produced and presented by Patrick Gibbons.
Reality Check: who's to blame for Britain's water crisis?
24:41|Thousands of homes across the South East have been without water for four consecutive days. South East Water’s record on water supply interruptions is one of the worst in the sector. Ofwat, the regulator, has placed it in the bottom three companies for disruptions each year from 2020 to last year. What has happened to the water industry in the past decade? And would nationalisation fix it? Michael Simmons is joined by The Spectator's business editor Martin Vander Weyer.
Holy Smoke: why theocracies survive – with Peter Frankopan
24:20|In the 21st century, the theocratic nature of the Iranian regime – ruled by senior Shia clerics – appears to be a rarity. The constitutional role of religion is perhaps matched only by the Vatican City and Afghanistan, though these vary in terms of autocracy – as evidenced by the brutal suppression of protests across Iran in the past few weeks. The regime, installed following the 1979 revolution and led first by Ayatollah Khomeini and now Ayatollah Khameini, has proven remarkably resilient; how has it survived so long?Peter Frankopan – professor of global history at Oxford University – joins Damian Thompson to discuss the tensions associated with state control of public life, how to define theocracies and how those of us in the global west might not be as immune to their features as we would like to think.Produced by Patrick Gibbons.
Coffee House Shots: what's the point of the Lib Dems?
23:26|As Ed Davey condemned Donald Trump's military manoeuvres abroad, Annabel Denham looked on and asked 'what's the point of the Liberal Democrats?'. Thinking about the Lib Dem's longstanding europhile stance, the senior political correspondent at the Telegraph wrote: 'the party that once stood on a tradition of civil liberties now wants us to rejoin a bloc which regulates everything'.Calum Miller MP – foreign affairs spokesperson for the Liberal Democrats – joins Annabel and deputy political editor James Heale to address Annabel's challenge that the party is defined more by opposition the other parties than by their own policies. So, from localism and the UK's place in the world to free markets and social care, what do the Lib Dems stand for? And what constitutes 'liberalism' today?Produced by Patrick Gibbons, Megan McElroy and Natasha Feroze.
The Edition: Iran’s useful idiots, Gordon Brown’s second term & the Right’s race obsession
42:59|As the world watches events in Iran, and wonders whether the US will intervene, the Spectator’s cover this week examines 'British complicity in Tehran’s terror’. When thinking about what could happen next in the crisis, there is a false dichotomy presented between regime survival and revolution; the reality is more complicated, though there is no doubt that this is the biggest threat to the theocratic regime in decades. For this week’s Edition, host Lara Prendergast is joined by political editor Tim Shipman, columnist Rachel Johnson and features editor – and Edition co-host – William Moore. They commend the bravery of Iran’s protestors but criticise the ‘inept, naive and wrong’ response of the Foreign Office. Are some Brits proving to be Iran’s ‘useful idiots’? As well as the crisis in the Middle East, they discuss: whether the Starmer administration should be considered Gordon Brown’s second term; the growing obsession with race in Britain – particularly by the right; Rachel’s reflections on her travels to the US – from transatlantic cruise liners to partying with our former colleague Katy Balls; why some men lament the loss of their libido; and finally, the controversy over Elon Musk’s AI tool ‘Grok’. Produced by Patrick Gibbons.
The Book Club: How To Play A Game Without Rules
35:51|My guest in this week’s Book Club is Joanna Kavenna, who talks about her witty, philosophically riddling new novel Seven: Or, How To Play A Game Without Rules. She tells me about taking her bearings from Italo Calvino, making up a board game and then being the world’s worst player at it, how AI challenges our sense of ourselves – and how Morten Harket found his way into her fiction.
Quite right!: why Nadhim Zahawi (and Reform) are making a mistake
22:03|For the full episode, search 'Quite right!' wherever you are listening now. This week on Quite right!, Michael and Maddie examine Nadhim Zahawi’s dramatic defection to Reform UK and ask whether it strengthens the party’s insurgent credentials or exposes a deeper strategic mistake. Is Reform becoming a genuine outsider movement, or simply a refuge for disaffected Tories? And what does the pattern of Boris-era defections reveal about credibility, competence and the challenge of turning populist energy into a governing force?Then, Iran: mass protests against the regime have erupted onto the streets of Tehran and beyond. Are these demonstrations the prelude to real regime change – or another brutal crackdown waiting to happen? And what role should the West, and the United States in particular, play as the situation escalates?And finally: as MPs call for X to be banned in the UK over the conduct of Elon Musk’s AI chatbot Grok, Michael and Maddie ask whether this is a necessary intervention to protect the vulnerable – or another bout of performative pearl-clutching that misses the far bigger risks posed by artificial intelligence.Produced by Oscar Edmondson.To submit your urgent questions to Michael and Maddie, visit spectator.co.uk/quiteright.
Americano: does America really need Venezuela's oil?
34:39|Freddy Gray is joined by Robert Bryce, energy expert and author of Robert Bryce’s Substack, to discuss what America’s strike on Venezuela has to do with energy and oil. They examine the strategic importance of heavy crude, the role of China and Russia in the Western Hemisphere, and why electricity grids – not democracy – may be the real battlefield.
Spectator Out Loud: Justin Marozzi, Lisa Haseldine, William Atkinson & Toby Young
31:57|On this week’s Spectator Out Loud: Justin Marozzi analyses what Trump’s coup in Venezuela means for Iran; Lisa Haseldine asks why Britain isn’t expanding its military capabilities, as European allies do so; William Atkinson argues that the MET’s attack on freemasonry is unjustified; and, Toby Young explains why the chickenpox vaccine is a positive health measure.Produced and presented by Patrick Gibbons.