Tuesday, January 19, 2010

A Cold North Wind for Neoliberalism

Iceland is in the midst of of a financial crisis after its economic bubble burst. The bubble was driven by neoliberal, free-market philosophy and now the party is over. Johannes Por Skulason is heading a group opposed to the terms of repayment (austerity) being imposed on Iceland. Here is the basis of his opposition:

"I can be very frank about it: What we want to do is abolish this neo-liberal greed philosophy that was driving things in the bubble years," he says. "What we want to re-establish in Iceland is a strong Nordic welfare society with equal justice and equality."

Good luck to you, Mr. Skulason!

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