I don't think in terms of that bizarre tautology 'value for money' in my literary and journalistic work - and nor will I in my academic role. However, if I don't believe I'm helping my students towards a fuller and more empowering relationship with the world, then I'll resign.

What fiction offers us is an intimacy shorn of the messy contingencies of human existence - gender, race, class or age. Those moments of transcendence when we exclaim "You know exactly what I mean!" depend for much of their force on the anonymous character of the intimacy between writer and reader.

In survey after survey, people report that the greatest dangers they face are, in this order: terrorist attack, plane crashes and nuclear accidents. This despite the fact that these three combined have killed fewer people in the past half-century than car accidents do in any given year.

Television is the same as the telephone, and the same as the World Wide Web for that matter. People who become obsessed by the peculiarities of these communications media have simply failed to adjust to the shock of the old. People who bleat on about the 'artistic' potential of television qua television are equally deluded.

This is the paradox for me: in failure alone is there any possibility of success. I don't think I'm alone in this - nor do I think it's an attitude that only prevails among people whose work is obviously "creative".

The only proper suit-and-tie job I've had in my life was the two years in the late 1980s when I ran a small corporate publishing company. I even had a Ford Sierra!

As a bookish adolescent, I sopped up texts as if I were blotting paper and they were fluid.