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Lessons from Iceland
The extraordinary rise and fall of Iceland’s ﬁnancial-casino economy. Wade and Sigurgeirsdóttir describe the island’s neoliberal turn under a quasi-feudal elite turned banking oligopoly, and its prospects amidst the triple crisis—currency, banking, sovereign debt—now bestriding it.
The New Regime in Iceland
The elections of June 1971 in Iceland, which brought a self-proclaimed left-wing government to power, caused some initial alarm in imperialist circles. Iceland is a key outpost of nato, and us troops have been stationed there continuously since 1951. nato strategists view the island as . . . read more