I subscribed to The Economist for years and years.  I liked its quick notes about little countries that major media outlets ignore completely.  After a few years of reading it regularly, it came to seem like a person.  In particular, it seemed like a 23 year old bond trader who thinks that he rules the world, or is about to.  Obnoxious as that fellow might be in person, in the form of a magazine he was, at his worst, something I could set on a table and forget about.  More often his outlandish politics were good for a laugh.  I still remember the first number of The Economist I read, a 1983 issue with Nicolae Ceaucescu’s picture on the front, labeled “The Sick Man of Communism.”  What sticks out is a leading column about Lebanon, the last paragraph of which began with some phrase like “Though colonialism is unfashionable at the moment,” and went on to suggest that the best thing for that country might be occupation and domination by Syria.  Time and again The Economist makes remarks like that, which only a staff as extremely young as that which in fact does produce the magazine could make innocently.  And it can be a useful read- if I’d bet against every market prediction they made in the 1990s, I’d be a millionaire today. 

This time around, they have a leader and an article about the new Acropolis Museum, each concerned chiefly with the effect this facility will have on the dispute between Britain and Greece over the ownership of the friezes Lord Elgin took from the Parthenon in the period 1801-1805.  The British Museum has been taking care of them for over 200 years, the Greek government has been campaigning for their return to the Acropolis for almost 30 years.  The Economist is impressed by the new museum on the Acropolis, and wishes the British Museum would lend the friezes to the Greeks.  This solution would require the Greeks to renounce their claim of formal ownership of the friezes.  Previous Greek governments have seemed willing to make this concession, but the current one is not.  The Economist predicts that an uncompromising stand by the Greeks could unravel a great deal of the progress that has been made since December of 2002, when the world’s leading museums issued a statement called “the Munich Declaration”: 

The Munich declaration, as it is called, asserts that today’s ethical standards cannot be applied to yesterday’s acquisitions; but in return it acknowledges that encyclopedic museums have a special duty to put world culture on display.

This has led to a new level of co-operation between museums over training, curating, restoration and loans. Thousands of works are now lent each year between museums on every continent.

All this apparently will come crashing down unless the Greeks take the advice of The Economist.  Considering that much of the 6 March 1999 issue of that magazine was devoted to dire warnings of the chaos the world would face in the next decade as the price of oil dropped below $5 a barrel and stayed there, I wouldn’t worry overmuch about its predictions. 

Read the full post »