Herring and Class Struggle
Capitalism came late to Iceland. At the end of the 19th century this large, wind-swept, thinly populated island was made up of small towns, farms and seasonal fishing stations. Then European capitalists saw another Klondike in the herring-rich waters of the north Atlantic..
Saturday, 3 December 2011
A Glimmer of good news in the financial gloom - Bankers arrested
The general response in Iceland to the financial crisis is muted at the moment. Politicians, ex-Prime Ministers and Central Bankers can roam the streets more or less unmolested. If justice were done they would be forced to wear bells and orange jumpsuits instead of getting cushy jobs editing right wing papers. This round of arrests isn't going to save anyones job or house but it may put some manners on them.