Is Brian Cox Back to Dazzle Audiences at the Edinburgh Festivals?

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The Rise and Fall of the Royal Bank of Scotland: A Cultural Reflection through Theatre

In the wake of a financial catastrophe that shook the very foundations of the banking world, the story of the Royal Bank of Scotland (RBS) has been immortalized in a compelling new theatrical production titled "Make It Happen." This play, featuring the talented Brian Cox as the ghost of economist Adam Smith, delves into the financial crisis that not only affected a Scottish institution but also resonated across the globe. As the Edinburgh International Festival kicks off, this production stands out amid the myriad of shows, drawing attention to the lessons learned from the past and the importance of societal progress.

Brian Cox: A Voice of Protest

At 79 years old, Brian Cox continues to captivate audiences, this time through his poignant portrayal of Adam Smith, the father of modern economics. Known for his role as the ruthless Logan Roy in the acclaimed series "Succession," Cox brings a unique perspective to the stage. He emphasizes the importance of addressing societal issues, stating, "People forget their roots." His upbringing in Dundee, characterized by hardship, fuels his passion for advocating better circumstances for those less fortunate.

The Philosophical Undertones of the Play

The essence of "Make It Happen" extends beyond the mere narrative of RBS's downfall. The play explores the philosophical ideas of Adam Smith, particularly focusing on his earlier work, "The Theory of Moral Sentiments." Cox highlights a crucial line from the play where Smith questions the meaning of capitalism. This perspective reinforces Smith's identity as a moral philosopher, concerned primarily with the living conditions of people rather than the mechanics of economic systems.

The Financial Crisis: A Brief Overview

The financial crisis of 2008 marked a significant turning point for global banking institutions, with RBS at the forefront of this upheaval. Once celebrated as a titan in the banking sector, RBS faced monumental challenges as the world economy began to crumble. The collapse raised essential questions about corporate governance, financial ethics, and the societal impacts of banking practices.

Lessons from the Collapse

Understanding the rise and fall of RBS offers crucial insights into the nature of financial institutions and their responsibilities. Here are some key takeaways:

• Corporate Governance: The importance of ethical leadership and oversight cannot be overstated. The decisions made at the top can have far-reaching consequences.
• Risk Management: A robust risk management framework is vital in mitigating potential crises. RBS's aggressive expansion strategy ultimately led to its downfall.
• Public Trust: Trust is paramount in banking. Once lost, it can take years to rebuild. The fallout from RBS’s collapse eroded public confidence in financial institutions.

Behind the Scenes of "Make It Happen"

The collaboration between the National Theatre of Scotland, Dundee Rep, and the Edinburgh International Festival brought "Make It Happen" to life. The inception of the play was a response to the Covid-19 pandemic, which paused many cultural activities. The aim was to create a compelling narrative that would draw audiences back to the theatre.

The Role of Fred Goodwin

At the heart of the production is Fred Goodwin, portrayed by Sandy Grierson, who personifies the archetype of the ambitious banker. Nicknamed "Fred the Shred" for his ruthless management style, Goodwin was central to RBS's meteoric rise and subsequent fall. The play navigates his transformation from a diligent accountant to a corporate leader, capturing the essence of ambition, excess, and ultimately, accountability.

The Cultural Impact of Theatre

Theatre serves as a powerful medium for reflecting societal issues. "Make It Happen" not only entertains but also provokes thought about the financial systems that govern our lives. It encourages audiences to consider the deeper implications of economic policies and the human elements behind them.

The Role of Art in Times of Crisis

Art, especially in times of crisis, has the power to inspire change and provoke discussions. The Edinburgh International Festival, featuring thousands of performances, underscores the resilience of the arts community. As Brian Cox noted, the narrative of RBS serves as a reminder of the need for change, urging society to reflect on its values and priorities.

Conclusion: A Call for Reflection and Action

The story of the Royal Bank of Scotland, as depicted in "Make It Happen," is not just a tale of financial mismanagement; it is a call to action for individuals and society. As we witness the repercussions of the banking crisis, it becomes essential to foster a culture of ethics and responsibility within financial institutions. Brian Cox's passionate portrayal of Adam Smith serves as a reminder that the moral implications of economic decisions should never be forgotten.

FAQs

What is the significance of Adam Smith in "Make It Happen"?

Adam Smith is portrayed as a moral philosopher whose ideas challenge the commonly accepted notions of capitalism, emphasizing the importance of ethical considerations in economics.

How does "Make It Happen" address the themes of corporate governance?

The play critiques the leadership styles and decision-making processes that led to the collapse of RBS, highlighting the necessity for ethical governance in financial institutions.

What lessons can we learn from the RBS banking crisis?

The RBS crisis teaches vital lessons about risk management, the importance of public trust, and the impact of corporate culture on organizational success.

As we reflect on the rise and fall of RBS, we are left with the poignant question: How can we ensure that the lessons learned from past financial crises are applied to create a more equitable future for all? #RBS #Theatre #FinancialCrisis

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