John F Kennedy, pictured with Richard Nixon, changed how we understand politicians in the 1960s. AP Photo
John F Kennedy, pictured with Richard Nixon, changed how we understand politicians in the 1960s. AP Photo

Television defines contemporary political debate



In one small and specific way US president Donald Trump is the inheritor of John F Kennedy. On September 26, 1960, then senator Kennedy took part in a national presidential debate against Richard Nixon. The outcome of the debate is legendary.

Those who had listened on the radio were clear that Nixon had won. But this was 1960, when television was suddenly ubiquitous.

Nearly 74 million people watched Kennedy and Nixon on the small screen. They far outnumbered the wireless listeners.

They felt that Kennedy had won the debate. Nixon had been ill, and appeared pale and underweight. Good looking Kennedy looked composed.

It was the magic of television that had anointed the next American president.

Fast forward nearly 60 years, and without doubt, the choreography of politics and, in particular, the sparkling seduction of television play an absolutely central role when it comes to making up our minds about political leaders.

Last week’s victory speech by Emmanuel Macron, the new president of France, was choreographed for precisely such effect.

The ceremony was held at the Louvre, a location that has connections neither with the political right nor left. The European Union anthem was carefully selected as the soundtrack. This was a spectacle for the masses.

Perhaps the least aesthetic example of the power of television in countering traditional moves of asserting power was the case of Turkish president Recep Tayyip Erdogan. Last year, his country faced a well-organised coup.

The perpetrators had moved swiftly on state television and traditional institutions and forms of communication.

What might be considered the turning point was itself a coup by Mr Erdogan. From a room where he was locked in with his advisers he did what the rebels had not anticipated – used the intimacy of reality television. He called by FaceTime to a private news station – CNN Turk – and asked for his face to be turned to the camera. And he spoke to Turkey.

In the full throes of the United Kingdom election campaign, incumbent prime minister Theresa May and her husband sat on the sofa to be interviewed on one of the country’s least-political programmes. The cosy couple discussed who was responsible for taking out the bins.

They giggled – no doubt at their ghostwritten off-the-cuff comments – about “girl jobs” and “boy jobs”. For the most important person of a country’s political future, what was stark was the absence of any challenge or probing on politics and policy.

You don’t need to be a cynic to know that television appearances are carefully scripted. Behind the scenes permission is only granted when the area of questioning is limited.

The television programme wants the coup of the appearance, and relinquishes the political opportunity in exchange for entertainment value. Politics as spectacle. And spectacles require choreography.

Of course, there’s always been something about the drama of politics that sweeps followers into its wake. I’m not making any analogies here with the tone or content, which is too horrific to contemplate. People often speak of the mesmerising nature of Hitler’s rallies on his way into power. There are descriptions of the vast stadiums in which he performed and how he knew how to manipulate silence, waiting with the energy of the crowd.

What is different now is that television has a certain intimacy that makes us forget the theatrics involved. And reality TV in particular is crafted so we think it is real. But it’s not real, rather it purports to be realistic. President Trump, with his string of television appearances and a well-crafted television persona, is in this regard its direct beneficiary.

It’s been said plenty of times, but as viewers we must be mindful that television is not reality, and the lines between politics and TV are remarkably fuzzy.

Instead of retaining its position as a means of political accessibility, accountability and intimacy – as it felt in the Kennedy era – television is rapidly turning politics into sheer entertainment.

We must be vigilant that television doesn’t literally become the ultimate all-pervasive embodiment of the political strategy of bread and circuses.

Shelina Zahra Janmohamed is the author of the books Generation M: Young Muslims Changing the World and Love in a Headscarf

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

The specs: 2018 Ford Mustang GT

Price, base / as tested: Dh204,750 / Dh241,500
Engine: 5.0-litre V8
Gearbox: 10-speed automatic
Power: 460hp @ 7,000rpm
Torque: 569Nm @ 4,600rpm​​​​​​​
​​​​​​​Fuel economy, combined: 10.3L / 100km

Hunger and Fury: The Crisis of Democracy in the Balkans
Jasmin Mujanović, Hurst Publishers

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices