Comments on: How Did Iceland Go Bankrupt?

By: John Emerson

John Emerson — Thu, 01 Oct 2009 20:01:12 +0000

Great! Go ahead.

By: Disa Bach

Disa Bach — Thu, 01 Oct 2009 19:45:53 +0000

Dear John,
I have a blog (such as it is) in Iceland.
Would it be ok to link to your site?

Best,
DB

By: John Emerson

John Emerson — Tue, 27 Jan 2009 15:20:16 +0000

What’s your point? What I said is the runaway free-market cargo-cultism destroyed Iceland’s economy. Do you disagree? And yes, it’s one form of capitalism, but not the only one.

By: dont confuse gambling with debt with capitalism

dont confuse gambling with debt with capitalism — Mon, 26 Jan 2009 19:22:03 +0000

Capitalism is meant to produce capital, but dont blame it on capitalism because you decided to gamble with debt in the free markets and loose, thats your own fault or your leadership fault for not putting a stop to this wreckless gambling behaviour.

By: Top Posts « WordPress.com

Top Posts « WordPress.com — Tue, 18 Nov 2008 00:08:07 +0000

[...] How Did Iceland Go Bankrupt? The small and hitherto very prosperous nation of Iceland seems likely to go bankrupt. At the moment they don’t [...] [...]

By: photohand

photohand — Mon, 17 Nov 2008 20:38:00 +0000

Why economic miracles always turn out to be some illusionists’ tricks?

By: John Emerson

John Emerson — Mon, 17 Nov 2008 18:58:43 +0000

I’m very far from being an expert on Iceland, as someone pointed out on my other site (SeeingtheForest.com). However, Iceland as a nation, under utopian neolib leadership, seems to have bet the farm on an outsized and globalized financial sector like Switzerland’s or Leichtenstein’s — but a fragile, New Age, prosperity theology type financial sector (perhaps a kind of offshoring like the Caymans.)

Iceland’s population is about 300,000, approximately the same as that of the Kalamazoo metropolitan area.

By: abb1

abb1 — Mon, 17 Nov 2008 18:08:46 +0000

If I understand the Iceland incident correctly, it’s different from Argentina and New Zealand. Argentina got the ‘developing country’ treatment, and in New Zealand the whole economy was restructured and turned up side down. In Iceland it was mostly the financial sector, just some gambling on the side, no?

By: Tassled Loafered Leech

Tassled Loafered Leech — Mon, 17 Nov 2008 17:16:42 +0000

Icelandic trolls are no match for British heroes. Jack and the Beanstalk is a cautionary tale.

By: John Emerson

John Emerson — Mon, 17 Nov 2008 13:30:42 +0000

Therealjg, kindly stop with the commenting on my blog. It really takes a lot of nerve to butt in on a conversation between two people you don’t know and tell them what they should be saying. Buchanan seems to be a classic bigot.

Martin, probably this is more vivid to us now because we fear that we will be next.