Changing Economy, Talkshow with Tomáš Sedláček and Joris Luyendijk

Changing Economy, Tomáš Sedláček & Joris Luyendijk, Studium Generale & SCOOP

Tomáš Sedláček (left) and Joris Luyendijk (right) © Brian Megens

Studium Generale and Scope (study association SBE) organised a talk show about the ethics of today’s economy. They invited Tomáš Sedláček and Joris Luyendijk. Tomáš is a chief macroeconomic strategist at ČSOB Banking Group and member of the Narrative of Europe group which is commissioned by Manuel Barroso. Joris is an anthropologist, journalist for the Guardian and writer of the book ‘Dit kan niet waar zijn’ translated ‘This cannot be true’ about the banking sector in London.

Sitting from out my seat in the lecture hall I can see that Tomáš and Joris have done these kind of events more often together as they are playing with the audience and each other by making jokes and telling anecdotes. Tomáš is the leading ‘comedian’ in this way and opens with a cunning joke on the city’s self-confidence and Maastricht passed with flying colours. Another good thing to know is that according to Tomáš, “Nobody hates Europe as much as the Europeans do.”

Changing Economy, Tomáš Sedláček & Joris Luyendijk, Studium Generale & SCOOP

Changing Economy, Tomáš Sedláček & Joris Luyendijk, Studium Generale & SCOOP

After this comic introduction Tomáš gets more serious and asks us to think of the most perfect society. He comes up with where the elves in Lord of the Rings live, but even there they want to move somewhere else. Another example that he gives involves milking a cow, perfect seems to be not perfect enough. We are always looking for more, bigger, better. Another remarkable message of Tomáš: everyone assumes that Karl Marx opposed capitalism, but was he? Tomáš claims that Marx criticizes the human condition of capitalism which is the alienation of people, but not capitalism itself. Tomáš continuous with an example from Christianity the Garden of Eden, it was perfect, however, just not perfect enough. It is unimaginable to have a perfect society. In short, Tomáš message is that we did not set a goal to reach, therefore, in our drive for more, bigger and better, we do not know to stop.

Changing Economy, Tomáš Sedláček & Joris Luyendijk, Studium Generale & SCOOP

Joris Luyendijk spent two years in the heart of the financial sector London to write a book about how the real financial sector actually works. Are all bankers greedy monsters, and if so, why? He tells that people in the UK have an image of the Dutch as kind hearted but stupid. Joris played this role for the two years when he was working on his book. At the beginning he had a hard time to make bankers talk to him as there is a code of silence. However, when he offered anonymity, more and more people were willing to tell their story. His main finding is that it is not bankers themselves who are greedy monsters, it’s the system that turns them into one. Bankers are exposed to immense temptations and no loyalty from their employers as they can be fired and kicked out of the building within 5 minutes. Therefore, why be loyal to your employer? Bankers are tempted to exploit their profits in the short run although this does imply a much bigger risk for the bank in the long term. As there is no guarantee that the banker will be working for the bank at that period of time, the banker does not care.

In a nutshell, the message of both Tomáš Sedláček as Joris Lyendijk was that it’s the economic system that needs revision, not the people.

All photos © Brian Megens

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