Review

Culture

Masculinity

19 September 2023

5 min read

Well, what about men? Caitlin Moran’s love letter to masculinity

Gender writing that’s gracious and full of hope. Krish Kandiah reviews Caitlin Moran’s What about Men? Part of the Problem with Men series.

Krish Kandiah

Krish is a social entrepreneur partnering across civil society, faith communities, government and philanthropy. He founded The Sanctuary Foundation.

Four men stand silhoutted against a sunset, One stands apart on their phone.

Meilisa Dwi Nurdiyanti on Unsplash.

The first time I met the award-winning Times columnist Caitlin Moran, it was in her home, and she cooked me soup. She couldn’t have been more hospitable, which was particularly appreciated as we had met to talk about advocacy and hospitality for refugees. I found her personable, funny, helpful, and extremely well-connected.

Despite my deep respect and appreciation for Moran and her writing, I have to admit to being sceptical about her latest book What about Men? published by Ebury Press. It’s a brave thing for a woman to write a book about men. As a married Asian man I wouldn’t dare to even consider writing a book about what it means to be a woman, or white, or single. Yet somehow Moran has done the impossible: she has written a book that is both feminist and masculinist, both refreshing and disturbing, both gracious and frank.

For a start Moran makes no apology for being a woman, or for writing a book aimed squarely for white straight men, or for dropping the “F bomb” on almost every page, or for speaking explicitly and frequently about sex, genitalia and orgasms. She delves into thorny and controversial issues such as toxic masculinity, rape culture, false allegations, and pornography, as well as giving her opinions on men’s health, communication, loneliness, friendships and fear of death. Moran writes with unshockable candour and yet somehow does so with a lightness of touch, humility and generosity.

Moran shows us that we don’t live a zero-sum game: in order for women to win men don’t have to lose and vice-a-versa.

Here are the five main things that I appreciated about this book:

1. It is laugh out-loud funny

There’s no denying it, Caitlin Moran is a brilliant writer. Some of the chapters read like observational comedy resonating rather too accurately with my own experience. Moran has made great use of her large Twitter following and wide male friendship group to provide testimonial and anecdotal evidence for the issue in question, inserting their stories with the perfect comic touch.

2. It is uncannily resonant

Despite being born in Des Moines, Iowa, Bill Bryson has become a national treasure in the UK, writing not just one, but numerous books about the English. His outsider perspective helps us Brits to see ourselves through the eyes of those around. Similarly, Moran’s book about masculinity is so brilliant exactly because she is not a man. She cuts through what others would overlook, asking more interesting questions, and pointing to wholly different ways forward.

3. It makes peace in the gender war

Moran’s honesty and humility offers us a model of how to transcend the culture wars without avoiding the difficult conversations. Her book suggests that men and women can bring the best out of each other by celebrating our differences. Moran shows us that we don’t live a zero-sum game: in order for women to win men don’t have to lose and vice-a-versa. She offers a vision of a different way for men and women to relate to each other. As a firm believer in the power, possibility and pursuit of peace whether in the Russia-Ukraine war or the politically-driven culture war or the subtleties of gender war, I sincerely appreciated her efforts.

4. It celebrates good masculinity

Moran believes our society will be happier and healthier if men and women find ways to celebrate and appreciate one another. It was this line in her book that struck me as a vital perspective:

“There should be no shame in being a man. Being made to feel shame for how you are born is something every other progressive movement is trying to remove and trying to impose it on the one group that didn't until recently feel shame; straight white men, benefits no one.”

5. It is hopeful

It’s been a long time since I have read something about gender which was as full of hope as this book is. Sadly, many books in this field are written in a bid to fight one’s corner, including those coming from the church. Moran’s posture offers us a much-needed challenge. If an outspoken feminist, who claims to have only stepped inside a church once in her life, (apparently for Rev Richard Coles’ last service in his parish) has no fear of showing support to men and their rights, or of promoting a Christian sexual ethic of commitment before sex, or of seeking to find a peaceful resolution to the gender wars, how much more should Christians be willing to do the same?

My one and only issue with the book was when it tended to lapse into stereotypes. Being the sort of man who doesn’t like to fix things (I wish I did and I could), and who doesn’t find it hard to express emotions (have I overshared already?) and who does care about my appearance (check out my latest charity shop find!) I sometimes felt a little misunderstood. Or even worse, unintentionally pigeonholed as not really being Caitlin’s idea of what a man is. This is one of the biggest challenges of anyone writing about gender, how to do so without either reinforcing stereotypes or ignoring genuine difference.

My overall impression is that this book reads like a love letter to masculinity. Take this powerful paragraph from Moran’s last chapter:

“I wish for any man, or boy, everything I have wished for my daughters: that they can be proud of who they were born as; that this will never be a burden to them; that they can appear as they like; that they understand both their own pain, and that of others; that they can love out loud with their whole hearts, because they understand that love is a verb – a doing word; and that they never belittle or destroy what they envy, but recognise it for what it is: almost certainly, a future you wish for yourself.”

That quote reminded me of St Paul’s defining of love in a letter to Corinthians. It sets a high bar, but I believe it is both aspirational and achievable. I would love to see sentiments like this coming out of the church too, with similar books that can transcend the cultural flashpoints and offer great hope to all who need it.

Article

Culture

Economics

Ethics

1 May 2025

6 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.