Review
Books
Culture
Joy
Poetry
5 min read

Theresa Lola's poetical hope

The death-haunted yet lyrical, joyful and moving poet for a new generation.

Jonathan is Team Rector for Wickford and Runwell. He is co-author of The Secret Chord, and writes on the arts.

A poet stands and speaks, raising an arm.
Theresa Lola performs at Kings Place.
Cosmic Shambles Network.

There are poems such as T.S. Eliot's ‘Journey of the Magi’ and U.A. Fanthorpe's ‘BC – AD’ which have become staples of Christmas Carol services. Last Christmas, for the first time, I used Theresa Lola's ‘Look at the Revival’ as the poem in our Carol Service that explored the experience of the Magi in seeking and finding Jesus.   

‘Look at the Revival’ was commissioned by National Gallery in 2020 in response to ‘The Adoration of Kings’ painting by Jan Gossaert. The poem is written in the voice of Balthazar, the Black King in the painting, and explores the painting’s themes of rupture, transformation and renewal. It ends with this reflection: 

My job often feels like a hefty stone 

But today I am powered by a fierce awe. 

  

I say to the stunned people let us look deeply 

to know this hope deeply. 

British Nigerian poet and former Young People’s Laureate for London, Lola is the British equivalent of Amanda Gorman, whose poem ‘The Hill We Climb’ made such an impact at US President Joe Biden's inauguration. Lola said after that event that “To have poetry make national headlines … was just so exciting” and to have Gorman’s poem articulate everyone’s feelings “was just the perfect example of what poetry can do”. 

There is a real art to writing poetry for public occasions where depth and immediacy need to intertwine. It is an art that Lola herself has mastered, as was demonstrated when she was commissioned by the Mayor of London’s Office to write and read a poem - ‘For Those Who Listen When Courage Calls’ - at the unveiling of Millicent Fawcett’s statue in Parliament Square. 

Lola was joint-winner in 2018 of the Brunel International African Poetry Prize and was featured in the 2019 ‘Forces for Change’ issue of British Vogue as a next generation talent. Other commissions for her work, which explores themes of self-discovery, transformation, cultural heritage, and belonging, have included Selfridges, Rimowa, Royal Festival Hall, and Audible. She is currently leading the Volunteer Interpreter Programme at Dulwich Picture Gallery where, in a programme inspired by their Soulscapes exhibition, she is exploring how poetry can be used to interpret their collection.  

“This poet speaks boldly of prayer as a call to arms for family, for love, for a survival, which as she concludes in the final poem, ‘Psalm 151’, ‘I prayed my fists into’”

S. Niroshini

Her debut poetry collection ‘In Search of Equilibrium’, which was hailed as “powerful and rigorous”, is an extraordinary, and exacting study of death and grieving. The reviews of this collection have much to say about the well springs of her work.  

In this collection, as S. Niroshini writes, she “deftly deploys form, texture, and shape to interrogate the meaning of death and the suffering of family” with poems “variously presented as computer coding, live reportage, prayers, algorithms, Wikipedia entries and hip-hop lyrics”. While its subject matter is, as Carmina Masoliver notes, “essentially natural – life and death”, the poems themselves are often experimental and “bring in cultural elements … as well as religious allusions”. Charlie Hill explains that “This superb debut collection revolves around the death of the poet’s grandfather, whose Alzheimer’s resulted in a ‘four-year funeral’”. Laurie Smith suggests “It is rare for a debut collection by a young poet to be so death-haunted, but it is death-haunted in the same sense as [Sylvia] Plath’s ‘Ariel’ and [Anne] Sexton’s ‘To Bedlam and Part Way Back’.” He writes that “The comparison isn’t fanciful” as “Lola’s writing has a similar vividness and strength”. 

Masoliver notes that “The collection is book-ended with Lola’s own prayer and psalm”. “From the first,” she suggests, “there is an expression of doubt about the poet’s faith, though holding onto it ‘even when I fear God might be a thin shadow’”. Yet, “By the time we get to the final poem, there is a loss of innocence to the reality of the world around us, but a certain strength that comes with ‘fighting darkness’”. Niroshini states that “This poet speaks boldly of prayer as a call to arms for family, for love, for a survival, which as she concludes in the final poem, ‘Psalm 151’, ‘I prayed my fists into’”. 

Lola has said that “The writing of the collection was emotionally challenging as the poems touch on sensitive topics about death, faith, family and mental health.” For her, “writing poetry has been a ‘therapeutic tool’, a ‘healthy listening ear’ and a way to express her struggles, be they anxiety or … grief”. Nevertheless, she also says: “My poems always suggest and show hope no matter how gritty the subject is! I do write poems that are centred around my faith, and that hope in my faith is Jesus”. 

Many reviewers note Lola’s ability to write lines, such as ‘sweeping me off my bones’, “that stop you dead”. Hannah Williams was particularly moved by lines from ‘Blessed Are the Mothers of a Dead Child’: 

Blessed are the mothers of a dead child 

for they manage to recover 

after eating the fruit that grows 

from planting your child’s casket in the ground. 

Hill cites the final lines of the same poem: 

My grandmother tries to celebrate the brief beauty of his breath. 

She says what use is sweeping grief under the carpet 

when you can blend it to find the drop of sanity that will flow from it. 

to suggest that it is here that the equilibrium sought in the collection’s title is to be found. 

The Sunday Times Style Magazine has described Lola as being among “the ranks of an exciting new wave of young female bards who are widening the appeal of poetry for a new generation”. As a result, the imminent prospect of a second collection from her is a particularly exciting prospect. Look out later in the year, then, for ‘Ceremony for the Nameless’ which is described as exploring the act of naming and its role in shaping our identities, our aspirations, what we carry and how we belong. In lyrical, joyful and moving poems, Lola will explore the ways our journey through life might require us to cast off old expectations – both others’ and our own – just as at other times it can bring us back, strangely and unexpectedly, to where we first began.  

This returns us to Balthazar and his journey of discovery. So, as he states: “let us look deeply / to know this hope deeply.”  

Article
Culture
Economics
Ethics
1 min read

The rights and wrongs of making money with meme coins

When does investing become speculating, or even addictive gambling?
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.