Published On: Sun, Feb 3rd, 2013

The Final Problem

By Pinchas Landau

Pinchas LandauDespite that headline’s somewhat sinister connotations — thanks to Hitler, Heydrich, Eichman et al — any Sherlock Holmes devotee will immediately recognize it as the title of the short story in which Holmes had his ultimate showdown with the man presented as his nemesis, the evil arch-criminal – “the Napoleon of crime, ” as Holmes describes him to the ever-bemused Watson — Professor Moriarty.

In fact, Moriarty was an entirely new invention on the part of Arthur Conan Doyle, Holmes’ creator, and was introduced especially for this story, to achieve Conan Doyle’s immediate goal – that of eliminating Sherlock Holmes, of whom Doyle had become bored. This goal was achieved by Doyle via an epic showdown on the edge of the ReichenbachFalls, which Doyle also invented and placed high in the Swiss Alps as a suitably exotic, almost romantic, spot for the solution to the Final Problem to be achieved. The outcome of this duel — so Watson assumed and tearfully reported to his readers — was that the two men struggled mightily until, locked in each others arms, they plunged to their deaths in the river at the foot of the cliff, far below.

Powerful and dramatic stuff — but Conan Doyle’s late Victorian readers were having none of that. They wanted more Holmes and, even without Facebook and similar media outlets, made their demands clear to the hapless author. Conan Doyle was eventually and reluctantly obliged to bring Holmes back – obviously in a live state. He therefore contrived a plot wherein Holmes had not died after all — Watson had got it all wrong yet again. Holmes and Moriarty had indeed fallen off the edge of the cliff, but whereas for Moriarty that proved to be a fatal plunge off into a deep abyss, for Holmes it turned out to be a short drop to a conveniently-situated ledge. Our hero thereby lived on to nail many bad guys and only took his last bow in “Shoscombe Old Place, ” which appeared in 1927.

This excursion into detective literature is by way of introduction to the outstanding event of the week, at least for the American sheeple whose agenda and “news” is set by their politicians and their lackeys, working in tandem with the mass media. I refer, of course, to The Fiscal Cliff, to which this column has, inevitably, related hitherto. This supposedly dire threat to the American and hence global economy became the dominant topic for the final weeks of 2012. The only thing that succeeded in pushing it off the lead item of the news was a horrendous mass murder in a Connecticut school — and even then, not for long.

But the great drama of the Fiscal Cliff turned out to be nothing more a minor tumble onto a ledge just beneath the edge of the abyss. The economy did not grind to a halt or collapse. Instead, a few minor adjustments were made and the big issues were deferred or ignored. In Reichenbachian terms, the dueling enemies — the President and the Democratic party on one side and the Republicans on the other — both landed safely on the ledge, there to renew their struggle, after a new Congress replaces the outgoing one and the President is sworn in for his second term.

Just who is the hero and who the fiendish villain in this story is entirely a matter of opinion. In this post-modern drama, every reader and viewer can impose his own preferences and viewpoints over those of the author, so that good and evil are in the eyes of the beholder.

Furthermore, as befits a 21st century drama, not only do we get to choose sides, we are also guaranteed a prolonged soap opera with a large, but still undetermined, number of episodes. Each time the two sides face up to each other, the impression is created by the scriptwriters/spinmasters and duly repeated and analyzed in the media, that this is going to be the ultimate epic clash over the fate of the world. But each time, the climax turns out to be an anti-climax in which, after trading blows, the protagonists break apart, swearing to rejoin conflict at some later date.

But from one aspect, this drama is much better conceived than the original Sherlock Holmes story. We know for certain that both antagonists have survived and they are still stuck in a perilous place — each still determined (so they say) to eliminate their rival.

If, however, they miscalculate in their make-believe duel, they may actually topple over the cliff into the abyss, taking the American and global economy with them. That would be faithful to Conan Doyle’s original concept – and provide a truly dramatic way of resolving the final problem.


Courtesy of Pinchas Landau


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About the Author

- About Pinchas Landau is an economic and financial analyst, serving as a consultant to major financial institutions in Israel and abroad on domestic and global developments. After working in banking and investment, he moved to journalism in 1983 and served as financial correspondent of the Jerusalem Post and then as senior columnist for Globes, Israel’s business daily. He has written for many international newspapers, including the Wall Street Journal and Barrons, as well as numerous professional publications. Since 1996, Pinchas has been writing and publishing The Landau Report, a unique newsletter service which analyses economic, business and financial trends in Israel, as well as tracking Israeli and regional geo-political affairs and has attracted a global subscriber base. He has also been providing quarterly and annual reports on Israel for the Economist Intelligence Unit for 25 years. Landau is also an accomplished speaker, lecturing in English and Hebrew to audiences in Israel and overseas on a range of issues relating to Israel and the Jewish world. Born in London and educated at the London School of Economics, he and his family have been living in Jerusalem since 1976.

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