Article

Addiction

Culture

Film & TV

14 November 2023

5 min read

The death of Chandler Bing

The death of Friends star Matthew Perry still resonates even after the celebrity news cycle has moved on. Comedy writer James Cary contemplates how endings are written.

James Cary

James is a writer of sit coms for BBC TV and Radio.

Actor Matthew Perry looks formally away, with a US flag in the background

A 2012 portrait of Matthew Perry at the launch of a drug control initiative.

Office of National Drug Control Policy, via Wikimedia Commons.

How do you end a sitcom?

That’s not a joke. For those of us who write sitcoms, it’s a practical question. Every episode needs an ending. These days, every season needs an ending. And then the whole thing needs some kind of grand finale as the characters ride off into the sunset.

A sitcom ending should be both surprising but also retrospectively inevitable. That’s what I tell aspiring sitcom writers. The ending of a sitcom shouldn’t be a nasty shock. Nor is it just the moment where the episode runs out of time or story.

Casablanca is one of the all-time great endings. Rick tells Isla to get on that plane, and there’s the business with Lazlo, Strasser and ‘the usual suspects’. I’ve read that the writing of the ending came fairly late in the day. The Motion Picture Production Code forbade showing a woman leaving her husband for another man. This seems restrictive but in our hearts we want to believe that Rick would do the decent thing.

From the very first scene of the very first episode, it was clear that the planets had aligned for this actor, this show and the viewing public. Everybody loved Chandler.

When it comes down to it, our hearts yearn for a happy ending. And if not happy, bittersweet. But mostly sweet.

The ending of Matthew Perry, star of one of the greatest sitcoms of all time, is both surprising and inevitable. No one expected him to die at the age of 54. But given his problems with addiction, it is not as shocking as it might be.

Perry confessed one of his greatest addictions, along with painkillers and alcohol, was to be the funniest. He needed to hear those laughs. In the HBO Max Friends reunion special, he said “To me, I felt like I was going to die if they didn't laugh,” he said. All comedians feel this but it seems that Perry felt it especially acutely. When co-star Matt LeBlanc recalled tripping over his mark and everyone on set laughed, Perry had to jump in. “Because I was like, ‘Somebody's getting a laugh, I can't handle it — I need to get a laugh, too.’”

No wonder Matthew Perry was so funny as Chandler Bing. He was so determined to be the funniest. And he was. From the very first scene of the very first episode, it was clear that the planets had aligned for this actor, this show and the viewing public. Everybody loved Chandler.

For most people, the death of Matthew Perry was the death of Chandler Bing. And we just weren’t prepared for that.

It was a dream character to play: a young man in his twenties who is funny because, well, he is really funny. Being funny is his thing. It’s to cover his cowardice, but he is the funny guy. Ross is the nerd. Joey is the ladies' man. Rachel is the princess. Phoebe is cooky. Monica is uptight. And Chander is the comedian whose lines were being written, rewritten and perfected by a battery of writers who are among the funniest people in the English-speaking world.

But Perry still had to deliver those lines, on cue in the right order, no matter what else was going on in his life. And a lot was going on. But he coped. He was just so funny. The only evidence of his personal demons on screen was his weight loss and weight gain. He was a consistently excellent performer. In an earlier era, when more mainstream romantic comedy movies were made, Perry might have given Cary Grant a run for his money. And then maybe Alfred Hitchcock may have given him a new lease of life.

But I don’t think Perry has been so mourned because of his talent, and that he was taken from us before his time. He wasn’t a River Phoenix or a Heath Ledger whose death meant we have been denied some truly great films they would surely have made. (Personally I feel that way about Victoria Wood who died aged 62 and had at least two more truly great works in her).

For most people, the death of Matthew Perry was the death of Chandler Bing. And we just weren’t prepared for that.

Life isn’t scripted. At least not by us. Sitcoms resemble real life. But our lives are messier, and more complicated. Our jokes aren’t as funny. And sometimes it’s just tragic.

Matthew Perry simply was Chandler from Friends. “I’ve said this for a long time: When I die, I don’t want ‘Friends’ to be the first thing that’s mentioned,” he said. It’s not hard to imagine Chandler making a joke out of that. One can also imagine Perry’s character saying, “I always figured I’d die alone. In a hot tub. Whoa, did I just say that out loud?’ And the audience would laugh because in the Friends-world, those writers have handed Chandler a happy ending: a life with Monica and their children, away from Manhattan, but forever connected to their lifelong friends, Ross, Joey, Phoebe and Rachel.

Life isn’t scripted. At least not by us. Sitcoms resemble real life. But our lives are messier, and more complicated. Our jokes aren’t as funny. And sometimes it’s just tragic. The Chandler Bings don’t get the Monicas and the happily ever afters. Sometimes the Chandler Bings die young and alone. And no-one laughs.

But the real human Perry did what one senses the fictional Chandler Bing would not or could not do: turn to God for help. A year before his death, he wrote in his memoir that at his lowest ebb, he experienced God’s presence and love, saying that “for the first time in my life, I felt OK. I felt safe, taken care of. Decades of struggling with God, and wrestling with life, and sadness, all was being washed away, like a river of pain gone into oblivion.”

Maybe it sounds cliched. But for those of us with a Christian faith, what he experienced is not a surprise but a wonderful reality.

Article

Culture

Economics

Ethics

1 May 2025

1 min read

The rights and wrongs of making money with meme coins

When does investing become speculating, or even addictive gambling?

Laurence Fletcher

Laurence Fletcher is a journalist at the Financial Times.

A montage shows Trump with a raised fist against other images of him and the phrase 'fight fight fight'.

$Trump coin marketing image.

gettrumpmemes.com,

Donald Trump’s “liberation day” tariffs may have driven sharp swings in global financial markets, but his actions in markets a few months earlier were in some ways even more peculiar.

On the Friday before his inauguration as the 47th US President in January, the Republican surprised many with the launch of the $TRUMP memecoin, described by its website as “the only official Trump meme”. The cryptocurrency token, in which Trump’s family business owned a stake, initially soared in value to more than $14bn over that following weekend.

Then, on the Sunday, Trump’s wife Melania launched her own memecoin, $MELANIA, which reached a value of $8.5bn. Even the pastor who spoke at the president’s inauguration subsequently launched his own memecoin.

For those wondering what exactly a memecoin is, you are not alone. In short, they are a form of cryptocurrency - an asset class that itself has attracted plenty of questions about its substance and purpose - representing online viral moments. They have no fundamental value or business model and, according to the US securities regulator, “typically have limited or no use or functionality”.

Donald and Melania Trump’s coins subsequently plunged in price, but still have a value of around $2.5bn and $214mn respectively, according to website CoinMarketCap.

There are plenty of others in existence. PEPE, based on a comic frog, has a value of around $3.6bn; BONK, a cartoon dog, has a market cap of $1.5bn; and PNUT, a reference to a squirrel euthanised by authorities in New York and about which Trump was allegedly “fired up” (although doubt has since been cast on the president’s involvement in the matter), is still valued at around $174mn, despite having fallen sharply in price.

Dogecoin, seen as the world’s first memecoin and originally created as a joke, boasts a market value of around $25bn. (There are other memecoins which may not be suitable for these pages).

Some people’s willingness to buy an “asset” with no use or fundamental value may seem strange to more traditional investors. But it can be viewed as just one manifestation of the speculative investor behaviour evident since the onset of the coronavirus pandemic and, indeed, at times throughout history.

The price of Bitcoin recently rose above $100,000, despite many investors still viewing it as having little or no value (in 2023 the UK’s Treasury select committee described cryptocurrencies as having “no intrinsic value, huge price volatility and no discernible social good”). In early 2021, shares in GameStop - a loss-making US video games retailer that some hedge funds were betting against - rocketed as much as 2,400 per cent, as retail investors piled in, many with the aim of inflicting pain on the hedge fund short sellers (in that respect at least, a highly successful strategy that became the subject of the film Dumb Money). The huge rise in AI and other tech stocks in recent years - until the recent tariff-driven volatility - has also been described as a bubble by some commentators.

Whether or not such episodes can be compared to infamous bouts of speculative mania in history depends on your point of view (and often can only be judged with the benefit of hindsight) - be it the 17th century Dutch tulip bulb mania, shares in the South Sea Company in the 18th century or the dotcom boom and bust of the late 1990s and early 2000s.

But it does give rise to the question of when investment should start to be described as speculation or even as gambling? And what are the rights and wrongs of any of those activities?

There can be negative effects, for instance if the actions of speculators force businesses in the real economy to change their plans or divert time and resources...

Gambling can be thought of as risking a stake on, for instance, the result of a game of chance or sport in the hope of a bigger payout. While often the result is purely down to chance, in some cases a strategy or an element of research (for instance of a horse or football team’s form) can be used. Investment, in contrast, tends to involve purported economic utility and assets believed to have some sort of underlying value, and holds the hope of future profit (although there are also plenty of bad investments or those that have gone to zero). While an investor must be prepared to lose their entire stake, in some cases such an event is relatively unlikely (for instance, if they buy a fund tracking the performance of a major stock exchange). Speculation is harder to define, but is generally seen as shorter term than investment, with more chance of a bigger gain or loss, and dependent on price fluctuations. Rightly or wrongly, the term has a more negative connotation than investment.

One writer who explored the ethics of these activities was Oswald von Nell-Breuning, a Jesuit theologian and economist who served as an adviser to the Pope and who was banned from publishing under the Nazis.

While he found that “one general definition cannot capture all the nuances” of speculation, he identified two different types of speculative activity - one that was purely trying to make a profit from financial market trading, and one based on trying to create a viable business. (See this article in the Catholic Social Science Review for a fuller explanation of Nell-Breuning’s views on speculation).

As the CSSR article shows, Nell-Breuning found that there can be positive effects from speculation - one might think of better liquidity and price discovery in a market, while, in commodity futures markets, speculators allow producers to hedge risk.

But he also argued that there can be negative effects, for instance if the actions of speculators force businesses in the real economy to change their plans or divert time and resources away from production.

And whereas gambling typically takes place within a circle of players who have chosen to take part, speculation, he wrote, can affect a greater portion of society - for instance, if it affects the price of shares or bonds they hold.

The Bible - on which Nell-Breuning’s faith and analysis was based - does not take a prescriptive approach to such activities. But it does provide some interesting guidance.

An entrepreneurial approach to business and investment is applauded, for instance when the writer of the book of Proverbs (traditionally believed to be King Solomon) praises the virtues of “an excellent wife”. These include investing in a field and using her earnings from business to plant a vineyard, and feeding her family from her gains.

Jesus tells a story of a master who, before going on a journey, gives his property to his servants, each according to their ability. To one he gives five “talents” (a large unit of money), to a second two and to a third servant he gives one.

The first servant trades with his talents and makes five more talents - a 100 per cent profit - and is applauded by the master on his return. The second servant also trades and similarly makes two more talents and is again applauded.

But the third servant, being afraid and believing the master to be “a hard man”, hides the money in a hole in the ground. He is condemned as “wicked and slothful”, and told that he should at least have put the money in the bank.

While Jesus’s story may primarily be about how we view God’s nature, how we use our God-given abilities and whether or not we can take risks in faith for Him, it is also hard not to see investment and indeed wise speculation as being virtuous activities here. Putting the money into a bank account is, in this story anyway, more of a fallback option.

But the Bible also warns us against putting money above all else in our lives. The love of money is, famously, a root of all sorts of evil, while we are also told to be content with what we have, and that “wealth gained hastily will dwindle”.

Nell-Breuning similarly warns that a “get-rich-quick” mindset, when this is placed above all else, can be harmful, and advises caution in situations where the lure of big profits can lead the speculator into market manipulation or fraud.

After all, both gambling and crypto trading have the potential to become dangerous and damaging addictions needing treatment.

Ultimately, Nell-Breuning struggled to come to a simple conclusion on the question of whether speculation, in and of itself, is morally wrong. It is, he wrote, a judgment call for those involved.

When making such decisions ourselves, his - and the Bible’s - warnings may be worth bearing in mind.