Michiel HupkesMsc

Van Hall-LarensteinNetherlands

The hard working being, with a natural drive to work and creativity, aiming at creating a personal environment to live in

(Marxism and Anarchism)

Humans are most and for all economical beings, focused on satisfaction of needs on a rational efficient and logical way:the calculating individual leading to best social economical organization of society

Capitalism, liberalism

Michiel HupkesMsc

Van Hall-Larenstein

Human resource management

Personal skills Peoples choices Personal

development Teamwork Economics

The human perspective The facts and the believes Your ideas and facts The future Preparing a proposal

Do ask questions and disagree!!!!!

Let me see how you think about the crisis and what you learned about it

The crisis is caused by shareholders of big companies who were gambling with money

The crisis is a big opportunity for innovation

The crisis touches only those who are private business owners

The financial crisis is not about money but about trust

The crisis has no economical reason, only psychological

The rich people will not feel the crisis, the poor will pay for it

The Chesnutt village

Discuss in pairs: solutions you can propose

Credit/financial crisis Climate crisis Social crisis Energy crisis

Just some news……..

Air France-KLM turnover in past 3 months 5,19 miljard euro (20,5%) less then last year

McDonald, 8 % less benefit: 1,09 miljard dollar against 1,19 miljard dollar last year

Growth in china (7,9 procent) seems too nice to be true; authorities have benefit from good figures

There are lies, big lies and statistics: :british politician Benjamin Disraeli

Statistics are like bikini’s: the pull your attention, but hide the essential

The results of Goldman Sachs, ASML, TomTom, Apple, KPN, Ford, were all better than analysts had expected.

• Why are they so wrong, and pessimist?• They run behind the facts• Time to digest the information is needed and

with big fluctuations they are behind• Emotions play a role, they are people…• They play safe……

And still figure of the stock market play a big role in decision making

Is the worst behind us or still to come. Figures and declarations are contradictive

A crisis is a real emergency situation in which the system and it’s way to function get’s seriously disturbed

In real life it has a negative meaning, however originally it is a neutral word:It’s origin is from the Greek: krinomai, which means: separate, distinct, decide, judge

Which in reality means that a crisis could be considered as a moment of truth…..a moment where decisions are going to be taken with a big impact on the future

Attention

Acute crisis

Fluctuating crisis

Time

Nagging crisis

Economists tried to explain what will happen and when it will happen

However economist can only analyze what happened and try to extrapolate this to the future

1. Denial2. Rage3. Hope4. Apathy5. Acceptance6. Confusion, Frustration7. Real acceptance

During real acceptance we see that new opportunities start to be elaborated.

The story about the two neighbors

Conclusion: a crisis leads to creativity if dealt with properly

Green New deal saves us from credit crisis and climate crisis.

Role of government or not? Growth must be sustainable or financial

feasible?

It sees OK to stimulate the economy with Keynesian measures if careful and structural implemented and chosen

But do not make the mistake to think that making the economy sustainable (cradle to cradle, investing in solar energy…) is the same as Keynesian measures: it will not serve the climate change

My brother works for AIG They lost100 billion dollar in a year (2

billion a week, 50 million per hour) AIG has now a CEO who works for 1 dollar a

year, and does a good job

Toyota has changed her objectivesFrom the CEO (Akio Toyoda) speech:“ Rather than asking, “How many cars will we

sell?” or, “How much money will we make by selling these cars?” we need to ask ourselves, “What kind of cars will make

people happy?” as well as, “What pricing will attract them in each region?” Then we

must make those cars.”

Adam Smith (founder of the economic science) already said:

It is our nature to feel sympathy for our fellow citizen. By nature we are altruistic.

Egoism is more a matter of short sightedness, an expression of non understood individual interest

The crisis is a turning point, that is for sure, but what is going to be the direction?

Better moral standards? Let’s restart talking about progress instead

of growth…….

Rigid Stay the same Strict

Authoritarian

Passively reactively

Solutions imposed

Chaotic Changes

Changes of rules

Laissez-faire

Pro-actively

Impulsive, ad hoc

Roles (government, banks)

Application of rules

Leadership Way to deal

with each other

Problem solving

When a populist mixed economy is running badly, (inflation and unemployment), will there emerge a demand for a fascist takeover, to restore “ orderly conditions an promote economic growth” ?

More government ownership of productive ressources

More planning Redistribution of income Peaceful and democratic evolution ???????

Understanding the situation, an instrument The impact of crises on innovative thinking

and acting A way to make proposals attractive and

accepted by the others who need to contribute

Idea owner

Idea

Not always tangible But someone has it

The one(s) who feel(s) in charge of the idea Not always the one who invented it

Power

Force

Idea owner

Idea

Power makes the world turn round Power is name, fame, position,… Power in Roemenia is…. Power in Holland is…….

◦Can you support it with facts◦Does it feel challenging◦How does it fit in trends◦Relation to crisis

To negotiate a proposal you need To be able to think in interests and not in

positions To develop criteria and negotiate about

them To have alternatives for a negative result of

negotiations

Power of the owner

Support for the owner

Force of the idea

Idea owner

Idea

Do others feel committed to the idea: - Who - How many - Where - Relation to owner Or can you easily make others enthusiastic

Power of the owner

Support for the owner

Force of the idea

Feasibility of

the idea

Idea owner

Idea

What are the facts saying about implementability?

How to use the crisis and the money available

Is the idea: ◦ Imaginable◦ Useful (useful has a different meaning in crisis…)◦ Investment or consumptive

Power of the owner

Support for the owner

Force of the idea

Feasibility of

the idea

Idea owner

Idea

acceptance

Actors

factors

External Internal

capacitystrength

fit

http://www.voxeu.org/index.php?q=node/3421

www.voxeu.org http://www.thetruthaboutcars.com/new-

toyota-ceos-speech/ How to lie with statistics; Darrel Huff, Irving

geis, 1954 Samuelson, economics, 1976 Ury and fisher, getting to yes

Describe in keywords your Vision for Utopia

Mulṭumesc