Photo Credit: APAs big banks and corporations grab more power and government heightens control and surveillance, confronting those at the top is getting to be a dangerous proposition. As Cornel West put it bluntly, “You can get killed out here trying to tell the truth.”

For the last year, a partnership between the Institute for New Economic Thinking (INET), a New York–based think tank, and Union Theological Seminary (UTS) has produced a series of rich conversations about economics, society and the human spirit. Tuesday night, West and INET Executive Director Robert Johnson sat down together in a packed chapel at UTS in New York to talk about the pain caused by financial predators and the frightening trend of creeping authoritarianism. Union Theological Seminary president Dr. Serene Jones moderated a discussion which ranged from love to finance to the economics of Jesus.

Johnson, who had recently led a meeting of major financial executives in London, noted that the Big Boys are aware that they are no longer gods in the public view, but demons. “They are scared,” said Johnson. But that doesn’t seem to have curbed much of their predatory behavior, so the question of how to change their ways remains urgent. “Do you create institutions to constrain sinful, greedy, avaricious and delusional individuals?” asked the economist. “Or do you, like the Buddhists suggest, seek to change that greedy, aggressive, delusion character …?” West and Jones quickly answered “both,” but Johnson said he’s leaning toward the Buddhists on this one. Multinational corporations, he warned, are so “large, sophisticated, and capable” that the regulators simply can’t keep up. You have to “get inside the hearts” of these leaders, he argued, and somehow create a sense of moral accountability — a process that Johnson believed would be both difficult and painful. He likened it to the shattering soul-searching of a blues musician. (Johnson, in addition to being an economist, has worked in the music industry.)

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