CONTRIBUTORS TO THIS ISSUE

CLAIRE ARMITSTEAD is literary editor of the Guardian

PAUL BARKER is a writer and broadcaster. He is a senior research fellow at the Institute of Community Studies, Bethnal Green

GRAHAM BOWLEY has just completed a novel on the countryside. He is a former Financial Times journalist

PAUL BROKS is a clinical neuropsychologist. His book, Into the Silent Land, will be published in May by Atlantic Books

EDWARD CHANCELLOR is an assistant editor for Breakingviews, the financial commentary service

MARK COUSINS presents Scene by Scene and Moviedrome on BBC2

GEOFF DYER is the author of The Missing of the Somme (Phoenix Press)

CHARLES GRANT is director of the Centre for European Reform

SUSAN GREENBERG is a writer. She recently edited Therapy on the Couch (Camden Press)

PHILIP HENSHER’snew novel, The Mulberry Empire, will be published by HarperCollins in April

MARK HUBAND is a journalist with the FT. His hook,The Skull Beneath the Skin, was published last September

RW JOHNSON is an emeritus fellow of Magdalen College, Oxford. He lives in South Africa

THOMAS KLAU is the Financial Times Deutschland’s chief correspondent in Brussels and co-author of Ceshommes qui ont fait VEuro (Plon)

ANGELA LAMBERT Snovel, The Property of Rain, is published by Bantum Press

RICHARD LAMBERT was editor of the Financial Times from 1991 to 2001

ALEXANDER LINKLATER is deputy editor of Prospect

JOHN LLOYD is a journalist and author of The Protest Ethic (Demos)

DAVID MARQUAND is principal of Mansfield College, Oxford

CHRIS McGREAL is Africa correspondent for the Guardian

ROWAN MOORE is architecture correspondent for the Evening Standard

ROBERT WADE is professor of political economy at the London School of Economics. He is the author of Governing the Market (Princeton)

MARTIN WOLF is chief economics commentator of the Financial Times

2 PROSPECT March 2002

contentsIssue seventy-two March‘2002

OPINIONS 10 Enron and the press RICHARD LAMBERT Journalists failedto spot the Enron bubble. Asthe power of business increases,better reporting isneeded. 12 Powerless Europe CHARLES GRANT “Soft"power isallwelland good, but tlieEU willneed to toughen up if Washington isgoing to listen.

14 Fissiparous left JOHN LLOYD Canarefusal to publish aeulogy to Blair mark anew coldwar-style fissure within the left?

ESSAYS 22

The liberal nation DAVID MARQUAND Having transformed domestic politics, Tony Blair isconstructing anew idiom forBritain’splace inthe world in which liberal values can coexist with aproper patriotic pride.

26 Gay art lite PHILIP HENSHER Inanage of tolerance, the concept of “gayliterature”isbroadening. After the moralising of the 1950sand the coming-out novels of the 1980s, what doesthe future holdfor the “great gay novel”?

DEBATE 16 Are global poverty and inequality getting worse? ROBERT WADE VS MARTIN WOLF The World Banksaysthe gap between the developing and developedworlds is narrowing. Canwetrust the statistics? What isthe true effectof globalisation?

ESSAY RW Johnsononthe lonelinessof America

The lovethat speaks its name

36 What does France want? THOMAS KLAU Although France remains apivotal power, its40-year domination of the ELIisat anend. There isno clear sense of what the leadership wants. May’selections willbecrucial.

The soleremainingsuperpower actsunilaterallybecauseit can get awaywithit.Europe,via Britain,mustrespondinAfrica

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SPECIAL REPORT 42 Thabo Mbeki’s catastrophe CHRIS MCGREAL Bythe end of this decade, Aidswill havesent 6m South Africans to their graves. Why is the president doing nothing about it?