A winter of discontent
By Zafar Masud
WHAT promises to be a winter of discontent was already breathing heavily down their necks as leaders of world’s 20 developed and fast-developing nations joined their heads together in Washington, mid-November, in a desperate effort to find a way out of the present chaos during the summit called by President George W. Bush.
Here in central France too a deciduous autumn is only a few weeks short of letting the Loire Valley slip under a frosty mantle and hibernate for a good three months. Not all farmers here being winegrowers, blazing oceans of sunflower crops in full bloom blind you in sudden bursts, stunning you with their majestic beauty as you drive along winding roads through the Sancerrois vineyards in a daze.
The sun, for once that it has managed to break through fog and cloud, is keeping a low profile and wisely, discretely, follows its modest trajectory westward, feeling safer behind tall tree trunks. Nevertheless, in dramatic, horizontal volleys it flickers now and then the golden confetti of dead leaves that are wont to fly off their uneasy sanctuaries of fast-blackening branches under pressure from an increasingly bitter north wind that already has the foretaste of harsh winter.
Our old friend André de la Roche has harvested his white Sauvignon grapes and has safely plunged them into their long, secretive whisper as they ferment in dark underground cellars before yielding, in about a year and half, the centuries-old nectar of the gods they are famous for.
Does he have an opinion on the US election and the international financial crisis that is likely to remain the biggest headache for the new president come January?
“Oh, the US election! Pardon me if I recuse the sentimental approach that seems to be the fashion of the day and try to put two and two together in a more rational manner, incorrigible Cartesian that I am!
“American political tradition has it that a Democrat or a Republican president is given another shot at the end of the first four-year term. After two consecutive terms it is always time for change. There have been exceptions of course, but for very special reasons. Jimmy Carter’s 1976-80 presidency was so disastrous he was denied a second chance by the voters. In contrast, his successor became so popular that the Republicans could stretch their administration to 12 years once Ronald Reagan’s second term expired and George Bush Sr took over as president. Then things slunk back into normality. Eight years for the Democrat Bill Clinton, the next eight for the Republican George W. Bush. The new president had to be a Democrat, period. And sorry for being such a spoilsport!
“Why the financial crash? Blame it on the market fundamentalists. It all goes back to the roaring successes of the Reagan-Thatcher era in the early ’80s. Those were very special circumstances. President Reagan’s reforms included deep across-the-board tax cuts, market deregulation and drastic steps to contain inflation. His policies resulted in the largest peacetime economic boom the United States has ever known and the creation of 35 million new jobs.
“Margaret Thatcher at the same time inherited a Britain in shambles because of irrationally exaggerated trade-union power, all too frequent strikes and a miserably failed welfare state. She was the one who gave a death blow to collectivism by destroying all sorts of state protection to businesses.
“There are two ways of interpreting miracles. You become a fundamentalist and take a distance from all forms of mathematical and scientific explanations. Or you stick to a rational approach and ready yourself to emend from time to time the holy scripture you have elaborated in your head.
“Like any other myth, the Thatcher-Reagan economic miracle had turned into such a divine ideology for market fundamentalists like Milton Friedman who, good for him, did not live long enough to witness this nightmare.
“Three factors had contributed to the strengthening of the fundamentalists’ illusion. Unlimited expansion of credit, a breathless pace of innovations through marketing wizardry and, third, globalisation.
“While the globalisation point is easily understandable to all, let me explain the first two. The virus-laden sub-prime credits were marketed round the world, chiefly by banks, as sound investment. The Wall Street reference was seen by ordinary citizens, and that includes millions of old people and not-so-old retirees, as a noble guarantee that their savings will flourish, or at least stay intact.
“What is most surprising is that so far no government, no politician and no economist has qualified the banks by the definition they have justifiably earned for themselves — thieves!
“President Nicolas Sarkozy, who literally goaded President Bush into calling the G20 summit, is right when he says it is not capitalism itself that is to be blamed but the absence of proper safeguards. One only has to go back a little to Adam Smith, Thomas Malthus and David Ricardo to learn that the forefathers of modern capitalism were also against laissez-faire. Only time will prove the authenticity of Sarkozy’s claim that by organising the Washington summit he has managed to ‘bell the American cat’.”
Descendant of a long and ancient line of French aristocracy, André de la Roche prefers to qualify himself as “just another winegrower in the Sancerre region”. He says if the G20 leaders could essentially stick to two points they can easily end the crisis. First, they should not waste time in the romantic nonsense of redistributing the world’s wealth equitably among the hard-working and the talented as well as the idle and the quarrelsome. Second, they should come up with a set of rules and regulations to control the world of finance, especially Wall Street.
With their winter of discontent already knocking on the door, the G20 leaders and the new US president are to meet on April 30. Will that be the turning point to a glorious summer?
The writer is a journalist based in Paris.


Heritage on display
By Riazat Butt
THE Gulf states are famous for their shopping malls and skyscrapers, but now they are intent on promoting their cultural heritage with an ambitious plan to open a string of museums after Qatar unveiled a spectacular showcase for Islamic art at the weekend. The collection housed in the Museum of Islamic Art may not be the biggest in the world but it is a contender for being the most impressive.
Built on an artificial island on reclaimed land, the museum, designed by one of the world’s leading architects, IM Pei, holds 800 artistic and historical treasures from three continents and illustrates Islamic culture spanning 1,100 years.
The inauguration was attended by heads of state and celebrities, including the Hollywood actor Robert De Niro, who will bring his long-established Tribeca film festival to Qatar next year. Georgina Adam, from the Art Newspaper, described the museum as “fabulous”.
“It’s got that Pei finish. It is elegant and simplistic. The display rooms are dark and it is like a treasure chest. “The collection is very good and for one that was assembled so rapidly it is remarkable,” she said.
She added that Gulf states were beginning to see culture as a missing part of the puzzle. “They have the ritzy airports, big towers and financial institutions, but they want to get culture and they’re very competitive. Qatar wants to distinguish itself from Dubai, which is seen as brash, and it has got in there first.
“New money does not have art. There was a time when America was new money and it went around buying art. The Russians have done it and so have the Chinese. It is also a question of pride — pride in being Arab.”
The oil-rich state has enlisted other top architects — Jean Nouvel and Santiago Calatrava — to design museums for its capital city.
Sheikha al-Mayassa, arts patron and daughter of the emir of Qatar, Sheikh Hamad bin Khalifa al-Thani, told journalists: “We want to show that Islam is a peaceful civilisation, which has always called for tolerance and coexistence among different peoples.”
Her mother, Sheikha Mozah Bint Nasser al-Missned, is also helping to promote Qatar as a cultural destination by opening an Arab Museum for Modern Art.
It will give an overview of contemporary artistic genres in the Arab world, bringing together the works of the Maghreb Arabs of north-west Africa alongside those of the Mashriq eastern Arabs, and will comprise more than 5,000 paintings. There will be a special section featuring Arabic calligraphy and more than 700 antiques, sculptures, ceramics amd metalwork representing the civilisations of Mesopotamia, Arabia, Greater Syria, Egypt and other areas.
John Martin, director of contemporary art fair Art Dubai, the biggest event of its kind in the Middle East, said the Gulf was inventing itself as a home for Islamic art.
— The Guardian, London

