A Lesson from Iceland

The following has been spread round the Internet, and It Is a Lesson for the people of Scotland should we care to listen?
There is much more to it of course, but for those who actually take the time to check it out, there are lessons to be learned.

ICELAND. No news from Iceland?… why? How come we hear everything that happens in Egypt but no news about what’s happening in Iceland:

In Iceland, the people has made the government resign, the primary banks have been nationalized, it was decided to not pay the debt that these created with Great Britain and Holland due to their bad financial politics and a public assembly has been created to rewrite the constitution.

And all of this in a peaceful way. A whole revolution against the powers that have created the current global crisis. This is why there hasn’t been any publicity during the last two years: What would happen if the rest of the EU citizens took this as an example? What would happen if the US citizens took this as an example.

This is a summary of the facts:

2008. The main bank of the country is nationalized.
The Krona, the currency of Iceland devaluates and the stock market stops. The country is in bankruptcy

2008. The citizens protest in front of parliament and manage to get new elections that make the resignation of the prime minister and his whole government.
The country is in bad economic situation.
A law proposes paying back the debt to Great Britain and Holland through the payment of 3,500 million euros, which will be paid by the people of Iceland monthly during the next 15 years, with a 5.5% interest.

2010. The people go out in the streets and demand a referendum. In January 2010 the president denies the approval and announces a popular meeting.
In March the referendum and the denial of payment is voted in by 93%. Meanwhile the government has initiated an investigation to bring to justice those responsible for the crisis, and many high level executives and bankers are arrested. The Interpol dictates an order that make all the implicated parties leave the country.

In this crisis an assembly is elected to rewrite a new Constitution which can include the lessons learned from this, and which will substitute the current one (a copy of the Danish Constitution).
25 citizens are chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people. The constitutional assembly starts in February of 2011 to present the ‘carta magna’ from the recommendations given by the different assemblies happening throughout the country. It must be approved by the current Parliament and by the one constituted through the next legislative elections.

So in summary of the Icelandic revolution:
-resignation of the whole government
-nationalization of the bank.
-referendum so that the people can decide over the economic decisions.
-incarcerating the responsible parties
-rewriting of the constitution by its people

Have we been informed of this through the media?
Has any political program in radio or TV commented on this?
No! The Icelandic people have been able to show that there is a way to beat the system and has given a democracy lesson to the world

About auldacquaintance

I am not a member of any political party. I am however a strong supporter of Scots Independence. Any views which I express in this Blog are purely my own. This Blog intends to be a place where I will be putting my views on Scots Independence. It will primarily concern itself with the upcoming Referendum In Scotland. However It will also be somewhat diverse in the range of day to day issues which are evident to me in modern day Scotland. Not all of it will be political, and indeed may take me off into avenues I am not even aware of yet. Please come and join in on this journey, and any comments are welcome provided they are not abusive! All the best from a new acquaintance! Rod
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13 Responses to A Lesson from Iceland

  1. Don McC says:

    You can see exactly why this hasn’t been reported very widely. Can you imagine what would happen to top bankers and business execs if anything similar happened in the UK?

  2. Boxxy says:

    Good on them – I too was wondering why Iceland seemed to just ‘vanish’ into thin air after what it had been through – now I see why. I’m beginning to think that independence is far too good for Scotland – it doesn’t deserve it. Sorry.

  3. Nice friendly method of government,we have too much government and it is just a load of parasites living off of the rest of us,that is why Scotland needs independence,we need to rid ourselves from these “Political Parasites”

  4. Angus McLellan says:

    Charles, we may have too much government but we definitely have too little representation as has been pointed out by Lesley Riddoch, the Jimmy Reid Foundation and others.

    I lived in Belgium for a decade and I can confirm that it is hardly a poster child for how to do government. But Belgium is fairly typical of European countries where local governent is concerned. Its 10 million people elect councillors in 589 municipalities, a number to which we should probably add the 9 districts of the giant Antwerp municipality for a total of 598 councils, on top of which there are about a dozen large provinces.

    If Scotland had proportionately as many councils we’d have 300 (three hundred!), ten times today’s number. By coincidence, the place I grew up in Scotland has roughly as many people living in it as does the last place I lived in Belgium. In Scotland that’s one ward in a council, represented by three councillors. In Belgium that was a council all on its own with 25 councillors.

    So where did it all go wrong? That’s easy. The centralisers on the Wheatley Commission, which set out the framework for the unlamented regions and districts introduced in 1973, got it wrong. The dissenting minority, who wanted much smaller districts – around 150 of them – were probably on a better path. I’d like to blame Labour, but it was Heath’s government that implemented the proposals. Perhaps the best solution, in hindsight, would have been to tweak the existing system. But that would never have done in the 1960s.

  5. Pingback: The Other Revolution of Iceland | Al Junnah « The Free

  6. cuthulan says:

    Nobody expected the Icelandic Revolution.
    Of course Iceland has vanished from the MSM. It was to be held up as an example of what independance would mean for Scotland….the economic powers would crush the upstart tiny nation. BUT the last thing the MSM expected was the Icelandic Revolution. Thier 2 main weapons a Direct Democracy political system , energy self-sufficency and a fanatical sense of freedom …thier 3 main weapons are….
    Today they are a shining example to us all.
    I want a Direct Democracy Independant Scotland with a national Bank of Scotland!
    Iceland ,land of the debt free , home of the brave!

  7. chen says:

    ….well, the obvious reason why Egypt get IN the news and iceland does not, is because iceland is where it is and probably doubtful wtll experience an american style “shock and awe” deployment of it’s marines on humanitarian grounds.

  8. Samuel Di Muzio says:

    The courage of the Icelandic people is admired. Stand strong and do what is right in spite of bank threats and retaliation, and a whimp of a government. They indeed stood up for themselves. Now,
    look at them…stronger than ever. Foreign banksters fear them, foreign governments respect them.
    and their own government listens to them. Wonderful!

  9. Hank says:

    I wish them luck,but it ain’t gonna be that simple. The financiers are not gonna hold still for this !

  10. Thank you for this this blog and information. I found you in the comments area of Julia Gillard’s facebook page. Since the globalization started showing up in Australia in the late 1990’s, till today, I feel the whole world is going crazy. Economic crises, economic uncertainty, corporate greed, expensive and incompetent governments, foreign investments buying off and destroying farming land and taking over australian companies and properties, migrant explosion costing the australian people’s jobs and increasing cost of living and overpopulation, jobs once for life are now forgone, people slaving in 10 part-time and casual jobs struggling to make up a wage just to make enough money for rent and food, the rich getting richer and the poor getting poorer… where and when is it going to end.
    Your article shows, that it can be done without governments and corporate greed, where all can work and live in peace and fairness.

  11. Dear John, I was trying to join you as friend on facebook, but was unable to join or to send you a message. Pity, as I would like my friends to see your posts and your blog. Many people would appreciate what you would have to say, Maryla

    • Thanks for your comments Maryla, they are much appreciated.
      You may not have found me on Fb for one very simple reason.
      Possibly because my names not John!!
      You can find Aye4Scotland on the Fb group pages, and my posts are always posted there when there is a new one.
      Glad you like my blog though, and you are most welcome to share it any time on Fb, twitter or wherever.
      You can find auld acquaintance on twitter, but because of an original typo error, auld acquaintance has been changed to auldacquintance on twitter..

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