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We should all learn from how Iceland did it. Take the power back.


Icelander here. The popular story is very inaccurate.

However: I encourage everyone to do like the popular story of how Iceland says we did :)


Please explain, or link to an article that you believe show the more accurate story.

For all I know: Iceland let its banks fail and jailed some high-ups in said banks, while bankers worldwide said Iceland was going to have an endless recession because of it, which did not happen.


Icelandic banks were in the business of promising huge returns to foreigners. When those banks failed, the hardest hit were people who didn't live or vote in Iceland. It's pretty much a no brainer that Iceland isn't going to do squat to help them.


Please link to a story which you based your original words on so I may try to offer a POV which seems more correct seen from the ground here?


Don't know what the original commenter had in mind, but the vague, popular impression seems to be, in so many words:

"The brave people of Iceland decided they had enough, and formed a lynch mob and put a few dozen perpetrators in a real, actual jail. Which didn't reverse the damage caused, by any stretch, but at least they got sliver of self respect back after being taken for a ride by these assholes."

Not sure how accurate that is, but any qualification (or just any articles at all you feel give a more grounded summary of events) would be very helpful.



This is not at all anything that has been put into practice. Merely a report on some thoughts and ideas.




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