Bankers’ Fortunes
the decision of these banks to hand out bonuses as though nothing has changed is unbelievable. The only reason these bankers are still in jobs is because the taxpayer bailed out the system
If you pressed a rifle into the hand of the man in the street and asked him to choose between two targets – an MP or a banker – who do you think would get the bullet? Tricky, eh? It is hard to know which of these two formerly respectable professions has fallen further in public esteem.
Some people might hesitate, like Buridan’s ass, the rifle barrel weaving indecisively between two such luscious hate-objects. Most people would simply call for two bullets.
But then let me ask you a slightly different question. Which of the two species has managed to steer itself most effectively through the crisis? Which type of cockroach has scuttled through the nuclear blast of public disapproval? On the face of it, there is an obvious answer, and it is getting more blatant by the day.
Most of the MPs I know seem to be in a state of nervous collapse. Some of them are on suicide watch. Some of them face the task of sacking their wives and selling the house, or possibly the other way round. Some face penury. Never has Parliament been subjected to such protracted humiliation at the hands of the people.
Then look at the bankers, the bankers whose high-rolling risk-taking triggered the recession that has so exacerbated public rage at MPs. The bankers seem to be waltzing off with a song on their lips and their hands in their pockets – at least, their hands would be in their pockets if they were not stuffed with money. And when I say stuffed, I mean bulging, bursting, ballooning with the biggest bonuses you ever saw.
Ancient Greece: The Archaic Age
![]() The Temple of Zeus at Nemea |
Boris Johnson has spoken of the contribution a knowledge of the classics can make to understanding our own times. In the modern political world — as in the ancient — the same theme is played out again and again … with the same characters : political leaders that let power go to their heads and then pay the price (although that price is oft paid in larger measure by those they lead). It’s not all bad news, however, for Greek history is also full of inspirational stories. Over the next few weeks we shall post a series of small articles on the ancient Greek world, a phase of human history from which we can still learn. For other posts in the series see the Index. |
The Politics of Ancient Athens
We do not know what brought about the collapse of the Greek civilization known as the Mycenaean Palace culture in the late Bronze Age (ca. 1200 b.c.) The written record we have of that civilization consists almost entirely of accounting documents, baked clay tablets, in the Linear-B script.
There follows a period (of which our knowledge is limited to myth) usually referred to as the Dark Age, lasting till the adoption by the Greeks of an alphabet at some time in the eighth century. From then to the start of the Classical period we know as the Archaic Period, when the social structure was an aristocratic monarchy.
* * *
From monarchy to tyranny
Following the fall of the last sovereign king of the Athenians (Codrus), the aristocrats (known as Eupatrids (of good birth) abolished the ruling status of basileus (king) and vested the equivalent power in, at first, three officials, known collectively as the archontes (archons) : a polemarch (pronounced ‘Polla-mark’ – war-lord), a king (whose duties now pertained mainly to religious matters, i.e. pacifying the gods) and the archon himself. This last was the civic leader, equivalent to an executive president of to-day.
The noble families now exercised a measure of control over the archonship until in the early-seventh century a major change to the appointment meant that it became an annual office ; henceforth the Athenians named each year after its archon.
Noble families vied with one another in what to-day we should describe as vulgar ostentation ; their differing views on matters social and political would lead to disorder, even brawling in the streets.
This combination of faction and social competition eventually led to tyranny — the Greek word tyrannos is derived from an Asian one referring to a usurper — in which one nobleman, possibly a military leader, would persuade the now well armed hoplite population to support him as ruler. ‘In short, tyrants helped to stop spiralling ambition and faction by an ultimate act of ambitious faction : their own coup.’ (Further reading: The Classical World, Lane Fox)
It should not be assumed that tyrannical rule was autocratic, at least not at first : a tyrant would take over to establish eunomia (good order), something achieved by laying down and enforcing laws that, for whatever reason, would be observed.
Tyrants, however, saw their positions as heritable ; inevitably their heirs were not as good as they and the subject populace soon became even more disgruntled than under the previous, aristocratic, régime.
* * *
The law-givers
In a simplified way we might say that the period of the tyrants was followed by the period of the law-givers. Toward the end of the seventh century factional fighting in Athens, following an unsuccessful coup, led to the introduction by the nobleman Draco of written laws : they were harsh — hence our word ‘draconian’ — but fair and, because displayed for all to see, certain. (Those, the majority, that could not read would have been able to find others to read to them.)
Early in the sixth century, after ‘consulting the people’, Solon — the man now famous for having given Athens her first ‘constitution’ and one of the contenders for the title ‘Father of Democracy’ — handed down a far more detailed set of regulations governing most of civic life.
Under Solon wealth, rather than birth, decided eligibility for government office : a timocracy. He divided the Attic population in to four property classes, according to their income (actually to how much they might produce) : the pentacosiomedimni, hippeis, zeugitae and thetes.
See this video clip on the great thinker Solon
Ancient Greece : Ostracism
An ostrakon
with the name and patronymic (indicating his father) of the nominee,
Cimon, son of Miltiades
* * *
To-day the term ‘ostracism’ is often used loosely to allude to exclusion from a social group : what school-children might call ‘sending some-one to Coventry’ ; it is, however, a specific procedure with origin in ancient Athens.
Ostracism was aimed at curbing the ambitions of any-one that might aspire to the seizure of power in Athens. Although traditionally described as one of the reforms of Cleisthenes, ca. 508 (unless otherwise stated or implied by the context, all dates are b.c.), it was not used till 487 and many scholars now doubt this ascription ; it fell in to disuse around 417.
It was a process whereby, once a year, one Athenian — usually a politician or a general — might be banished from Attica for ten years (but without loss of property).
First, at a time we’d think of as late January, the Assembly would be asked whether it would hold an ostracism in that year. If so, the vote itself would take place a month later, giving time for word to reach the demes — the rural communities around Attica — that an ostracism was to be held and for citizens to arrange to be there for the vote, a quorum being 6,000.
A citizen would write the name of him he would have ostracized on a sherd of pottery (ostrakon, plural ostraka) ; although the average Athenian would have been illiterate, he would have been able either to have another inscribe for him or to collect one of many ostraka that had been inscribed in advance, each in the name of a particular ‘candidate’. (Many surviving sherds are clearly crafted by few hands ; this should not be taken as a sign of corruption : literacy was rare and it was normal for people — likely hoping to promote a particular candidate’s ostracism — to prepare sherds for the use of any-one that might want — or be persuaded — to vote against him.)
When all the sherds had been collected and counted, he whose name had appeared on the most ostraka would be banished.

An ostrakon
nominating Themistocles (son of Neocles)
* * *
Arts and Culture in the Metropolis

Tower of London
The Mayor’s Priorities for Culture 2009-12. See the document here for his vision on maintaining London’s position as a world centre of cultural excellence.
For an another viewpoint let’s turn to Gotham Girl’s analysis of transatlantic museum visiting.
The British Museum wallops the Met in ancient civilizations
The Elgin Marbles – that is a proper test of wills
The Tate Modern is notably NOT just a storage space
I love museums. I live only a short walk from Museum Mile here in Manhattan so museums figure prominently in my leisure schedule at home as well as abroad.
I don’t think the front of the British Museum offers quite the same experience.
Metroplitan Museum of Art
At the Met, I can curl up with a book in Engelhard Court. I frequently head to the Temple of Dendur to visit with friends. We can – and do – even enjoy lunch or drinks now that they’ve reclaimed the first floor for the Greek and Roman galleries and the eateries have had to move downstairs. This move hasn’t done much for the Greek and Roman collections but it has improved the “grab a bite of lunch” experience at the Met tenfold.
Still, museums are, on many levels, the sum of the collections and much as I love the Met as a whole, certain galleries don’t fare very well when compared to their British Museum counterparts. The British Museum wallops the Met in ancient civilizations. The Greek and Roman collection of the Met is a bit “meh” – well, a lot “meh.” The Temple of Dendur, aside, their Egyptian collection isn’t much better and is displayed abysmally. As for controversial artifacts – the Met pales in comparison. Sure, Turkey went after the Metropolitan about the Lydian Horde but the Met returned it so – in a mere six or so years – that was that. The Elgin Marbles – that is a proper test of wills. Impressive. Oh and here’s a handy tip – don’t make remarks on how “liberated” the marbles look within earshot of guards. Goodness, how that man glared. Still, it wasn’t as bad as the time at Westminster Abbey when I stomped on Thomas Hardy’s name in Poet’s Corner. Still, that’s another story for another time (and in my defense I think MOST people would like to stomp on Thomas Hardy).
Divorce of Zillionaires in London
As readers will know by now Boris Johnson does not normally do austere articles. He says today: “ We don’t do sex scandals. We don’t dabble our fingers in the stuff of people’s souls. I would not normally dream of citing a divorce case now unfolding before the courts; and therefore I will keep the details to the minimum before we come to the point at interest.
Let us say that there is a certain glamorous blonde in the throes of parting with her husband. She claims that he is worth £400 million and that under the laws of England she is entitled to half of his assets. He claims that this dosh has all but vanished. As soon as she lost that loving feeling, she found that his cash was gone, gone, gone and could not now be retrieved.”

