Debtonation ¬ª Blog Archive ¬ª Iceland — a country of proud, indebted people.
My Green New Deal colleague Ann Pettifor has been to Iceland. Her blog on the consequences of that country becoming a bank-owned -state is well worth reding.
There are, of course, plenty of other bank-owned-staes around. Take Jersey, Guernsey, the Isle of man, Cayman, Bermuda, Bahamas for starters.
They should take special note.
So should the UK. We play the role of the IMF with regard to most of these places.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
