Sunday, March 14, 2010

Nobody owns Iceland except the Icelanders

Iceland is a magical place where they have some democracy. A place where citizens can use referendums to kill government national economic plans.

Just recently 94% of Icelanders rejected the government's deal to repay the national debt, forcing the politicos to negotiate a better deal or die.

What is it with this idea to mortgage present and future generations of a nation to pay back some contrived debt arising more from colluding politicians and financial slight of hand than anything else?

The entire capitalist justification for interest on a loan is that lending costs money because some borrowers default. Interest is a risk benefit. It's not capitalism if you remove the risk by not allowing defaults - it's extortion.

It's extortion when financiers lend beyond the capacity of the borrower, at interest rates set by the lender, and then force an entire citizenry and their unborn children to pay back.

And what happens if you default? You loose access to foreign investment capital. You loose access to more financial exploitation... That doesn't sound so bad, especially when you know that the nation's real wealth is its people and its resources.

The entire money as debt scam needs to be taught in primary school and rejected outright.

In Iceland citizens are setting the terms. They've had it with a hen house managed by the fox. The sign says "Power To The People" and they mean it.

Go Iceland! Put your politicians in check. Throw the banks out to the sea. The land belongs to she who works it.

Iceland also feels rather strongly about transparency. Icelanders don't buy this corporate and government secrets crap (see Corbett Report video below).

You cannot get the media to critique the financiers that own the media but consider the alternative media... The full spectrum of alternative media, as a start to something that at least reflects reality.

Just two examples... to critique and think about...

(1) Corbett Report


And all this only makes sense within Paulo's praxis: Information has no meaning outside of the real fight.

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