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With the success of Thunderball, the fourth of the films, Blofeld moved front and center, and acquired a life of his own that far exceeded his prominence in the novels. Arguably, Fleming's death in 1964 freed up the movie series to diverge from their original author's plans; and so Blofeld may be seen as a demon of necessity, conjured up from the vasty deep in order to provide Bond with a worthy adversary.

'Twas not always so. Back at the turn of the twentieth century, around the time that the British spy thriller was gradually cohering out of the mists of the penny dreadful and the literature of suspense (via the works of John Buchan and Erskine Childers — not to mention the tangential contributions of Arthur Conan Doyle, by way of Sherlock Holmes), there was no dualistic vision of the great champion confronting the villainous heart of evil. There was no mighty champion: we were on our own against the masters of night and mist, the great and terrible supercriminals. Professor Moriarty, Holmes's nemesis — the Napoleon of Crime — was but one of these: Fantomas, the 1911 creation of Pierre Souvestre and Marcel Allain, is another. The emperor of crime, Fantomas was a master of disguise and an agent of chaos (not to mention standing astride Paris in black mask, top hat and tails in the posters for the 1913 movie of the same name: an icon of decadent wealth and criminal chaos). Nor was he alone. Guy Boothby's 1890s supervillain Dr. Nikola fits the bill, too, right down to the fluffy lap-cat and the fiendish plans. But perhaps the root of Bond's nemesis can be found in his full-fledged form somewhat later, and somewhat further to the east — in the guise of Dr. Mabuse.

Dr. Mabuse is an archetype and a runaway media success in his own right, famous from five novels and twelve movies. The Doctor was created by author Norbert Jacques, and was developed into one of the most chilling creations of the silent era in 1922 by no less a director than Fritz Lang. Mabuse is a name, but one that nobody in their right mind speaks aloud. He's a master of disguise, naturally, and a rich, wellconnected socialite and gambler. (Some social context: M gambling at the high-stakes table is not so much an innocuous recreation as an obscenity, in a decade of hyper-inflation and starvation, with crippled war veterans dying of cold on the street corners, as was the case in Weimar Germany.) Mabuse has his fingers in every pie, by way of a syndicate so shadowy and criminal that nobody knows its extent; he's a spider, but the web he weaves is so broad that it looks like the whole of reality to the flies trapped within. He is (in some of the stories) a psychiatrist, skilled in manipulation, and those who hunt him are doomed to become his victims. If Mabuse has a weakness it is that his schemes are over-elaborate and tend to implode messily, usually when his most senior minions rebel, hopelessly late; nevertheless' he is a master of the escape plan, and with his ability to brainwash minions into playing his role, he's a remarkably hard phantom to slay.

It is all too easy to make fun of the likes of Fantomas and Dr. Nikola, and even their modern-day cognates such as Dr. Mabuse and Ernst Stavro Blofeld — for do they not represent such an obsessively concentrated pinnacle of entrepreneurial criminality that, if they really existed, they would instantly be hunted down and arrested by INTERPOL?

Careful consideration will lead one to reconsider this hasty judgment. Criminology, the study of crime and its causes, has a fundamental weak spot: it studies that proportion of the criminal population who are stupid or unlucky enough to get caught. The perfect criminal, should he or she exist, would be the one who is never apprehended — indeed, the one whose crimes may be huge but unnoticed, or indeed miscategorized as not crimes at all because they are so powerful they sway the law in their favor, or so clever they discover an immoral opportunity for criminal enterprise before the legislators notice it. Such forms of criminality may be indistinguishable, at a distance, from lawful business; the criminal a paragon of upper-class virtue, a face-man for Forbes.

When the real Napoleons of Crime walk among us today, they do so in the outwardly respectable guise of executives in business suits and thousand-dollar haircuts. The executives of WorldCom and Enron were denizens of a corporate culture so rapacious that any activity, however dubious, could be justified in the name of enhancing the bottom line. They have rightfully been charged, tried, and in some cases jailed for fraud, on a scale that would have been the envy of Mabuse, Blofeld, or their modern successor, Dr. Evil. When you need extra digits on your pocket calculator to compute the sums you are stealing, you're in the big league. Again, when you're able to evade prosecution by the simple expedient of appointing the state prosecutor and the judges — because you're the president of a country (and not just any country, but a member of the rich and powerful G8) — you're certainly not amenable to diagnosis and detection in the same sense as your run-of-the-mill shoplifter or petty delinquent. I'm naming no names (They have intelligence services! Cruise missiles!), but this isn't a hypothetical scenario.

Interview with the Entrepreneur In an attempt to clarify the mythology surrounding James Bond, I tracked down his old rival to his headquarters in the Ministry of Inward Investment in the breakaway Republic of Transdniestria. Somewhat suspicious at first, Mr. Blofeld relaxed as soon as he realized I was not pursuing him on behalf of the FSB, CIA, or IMF, and kindly agreed to be interviewed for this book. Now at age seventy-two, Blofeld is a cheerful veteran of numerous high-tech start-ups, and not a few multinationals where, as a specialist in international risk management and arbitrage, he applied his unique skills to business expansion. Today he is semi-retired, but has agreed to work in a voluntary capacity as director of the state investment agency.

"It took me a long time to understand the agenda that the British government was pursuing through the covert activities of MI6," he told me over a glass of sweet tea. "Call me naive, but I really believed — at least at first — that they were honest capitalists, the scoundrels."

Over the course of an hour, Ernst explained to me how he first became aware that the UK was attempting to sabotage — his business interests. "It was back in 1960 or thereabouts, that they first tried to destroy one of my subsidiaries. Until then I hadn't really had anything to do with them, but I believe one of my rivals in the phosphate mining business at the time put it about that my man on site was some sort of spy, and they sent this Bond fellow — not just to arrest my "

man or charge him with some trumped-up nonsense, but to kill him." His lips paled with indignation as he contemplated the iniquity of the situation: that agents of the British government might go after an honest businessman for no better reason than an unsubstantiated allegation that he was spying on American missile tests. "I warned Julius to be carefull and advised him to put a good lawyer on retainer, but what good are lawyers when the people you're up against send hired killers? Julius brought in security contractors, but this Bond fellow still murdered him in the end. And the British government denies everything, to this day!"

Ernst obviously believes in his own moral rectitude, but I had to ask the obvious questions, just for the record.

"Yes, I was chief executive of SPECTRE for twelve years.

But you know, SPECTRE was entirely honest about its activities!

We had nothing to hide because what we were doing was actually legal. We've been mercilessly slandered by those rogues from MI6 and their friends in the newspapers, but the fact is, we're no more guilty of criminal activity than any other multinational today: we simply had the misfortune to be foreign and entrepreneurial at a point in time when Whitehall was in the grasp of the communist conspirators Wilson and Callaghan, and their running-dog, so-called 'Conservative' fellow Heath. And we were pilloried because what we were doing was in direct competition with the inefficient state-run enterprises that my good friend Lady Thatcher recognized as mosquitoes battening on the lifeblood of capitalism. That cad Fleming put it about that SPECTRE stands for 'Special Executive for Counter-intelligence, Terrorism, Revenge, and Extortion' — absolute tosh and nonsense! Would a group of criminals really call themselves something that blatant? I'll remind you that SPECTRE is actually a French acronym, as befits a nonprofit charity incorporated in Paris. The name stands for 'Societe professionelle et ethique du capital technologique reinvesti par les experts.[3 Literally: "Professional and Ethical Society of Technological Capital Reinvested by Experts."] Venture capitalists specializing in disruptive new technologies, in other words — commercial space travel, nuclear power, antibiotics. Not some kind of half-baked terrorist organization! But you can imagine the threat we posed to the inefficient state monopolies like the British Aircraft Corporation, the coal mining industry, and Imperial Chemical Industries."