Something very
interesting has been happening in the world, and yet, you hardly ever hear
anything about it. There could be a number of factors that contribute to this,
and there may some degree of legitimacy and a nodding of the head when one
thinks about why we have not heard about it. But given the current world
political and economic malaise, it seems a safe bet to me that we could sure
use this example as a possible alternative to fix our own problems, or at least
to understand them a bit better, at the very least.
The news that I am
referring to has happened in Iceland ,
and of course, Iceland
is a small and isolated country. This is a country that is isolated, far away
from everything and everyone else, right? It has a population smaller than that
of Wichita , Kansas . We rarely hear about Iceland
anyway, right? Funny, but we did hear
about it when the economy there collapsed. That much I do remember, and the
tone of the story was much like the reprimanding tone that is often taken by
major news media towards Greece
presently, which is to say an accusatory tone. So, if it seemed important
enough at the time for the news to be mentioned about the irresponsibility of
some of the Icelandic financial institutions and the burden that they placed on
the Icelandic people, it stands to reason that the response by the people
themselves should warrant some press, right? But, apparently not. Still, it
seems that we can at least disqualify the small size of Iceland as the reason that we did
not hear about the events that have transpired there. So there must be another
reason.
Which leads to mention of
another possibility, one that seems (at least to the author of this piece) far
more cynical and calculated. This is not to suggest that there is no small
measure of arrogance involved in making assumptions that what happens in small
nation like Iceland
could not possibly have any impact for the American people, and thus is not
deemed worthy enough to so much as be mentioned in American media outlets. But
what makes this story potentially more explosive is that it very well may have
been specifically left out of the news precisely because it would attract
attention, and could have some consequences upon larger nations – and that
certainly includes the United
States .
The people themselves
responded. They protested before the parliament and eventually threw out the
government, including the prime minister and his whole government. It was agreed in 2008 that they would have to
pay their debts, largely based on the bad decisions of Iceland 's
financial institutions. But the terms of the deal were harsh, and would last a
decade and a half, at an interest rate of over 5%.
So, the people demanded a
referendum, and got one. Overwhelmingly, Icelanders voted against this payment,
forcing creditors to renegotiate, and give a new repayment deal at a lower
interest rate of 3%. In the meantime, those in positions of responsibility
during the financial crisis were held accountable, and were pursued legally.
Many were imprisoned. The banksters that regularly get away with anything and
everything in other Western countries and much of the rest of the world, and who
seem to have the rule of the roost, for once were held accountable for their actions
in tiny Iceland, of all places. This was done by regular people who were fed
up, took to the streets, and demanded a change. A new constitution was drafted,
which includes provisions that directly drew from the lessons learned from the
unfortunate financial episode that the country had to endure. With the help of
Interpol in locating and arresting those responsible parties who fled Iceland , the
government is still seeking to bring these guilty parties to justice.
All of this, all of these
sweeping changes, were done completely peacefully. Not a shot was fired.
The fact that you never
hear about a country like Iceland
bothers me, personally, and especially when it is news like this that comes out
of it. Perhaps it is because I myself am a dual citizen, and my father took a
very different approach to "world news" as it was portrayed in this
country than many others did. When he would make his arguments, they would in
fact make a lot of sense. But that is a topic for another time.
Specifically about Iceland ,
however, there are things that make this one of the most fascinating and,
frankly, one of the most exotic places in the world. I have long held a
fascination about Iceland ,
because it just seemed remarkable that a tiny island nation in the middle of the
northern Atlantic would be 90% uninhabitable.
The landscape itself is incredible, and a sight to behold, filled with
volcanoes and strange, almost alien landscapes. It was never overrun by trees,
but those forests that did once populate the land were largely cut down by the
people there, and in recent years, there has been an emphasis on replanting
trees. Many people suggest that it is not properly named, that Iceland is green
and Greenland is ice, and that maybe the names should have been switched somewhere
along the way. Although Iceland
is geographically located just outside of the Arctic Circle, it is warmed
considerably by the Gulf Stream and, thus, has
fairly moderate temperatures. The days during winter can be very short, and
much like the other Scandinavian countries, the days can be very long during
the summer. It rarely gets brutally cold during the winter (although this could
be changing with the increasingly punishingly cold winters that all of Europe
has been experiencing lately in recent years), and the summers are not exactly
what we would call hot, often not getting warmer than what much of the
Northeastern United States or Northwestern Europe might experience in early to
mid-spring. It is not known as a place that people flock to in order to get
suntans and lay on the beach, in other words.
As small of a nation as
it indeed is, it nevertheless leads the superpower United
States , a country that has 1,000 times more people than
tiny Iceland ,
in some significant alternative energy research and technologies, and that, if
anything, is nearly criminal. It certainly illustrates the arrogance of
indifference that many Americans seem to feel they can afford about the impact
that their lifestyle of unchecked consumption of consumer goods and resources
have had on the planet. How can a country with a population smaller than Wichita , Kansas ,
be leading the world's leading superpower in anything, let alone something so
significant and responsible? As an American, that level of arrogance among my
countrymen shames me.
So, Iceland is indeed a fascinating
place in general, but the recent events in particular that shook up the nation
could serve as a lesson for others around the world. Instead, it has remained
in the shadows, largely ignored, and this seems to me to be to the
impoverishment of us all.
Below are some links for
further information and illumination on this truly fascinating subject:
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