A few months ago, Iceland was declared bankrupt after its government took over three major banks. Some economists blame Milton Friedman for this pitiful event. As a matter of fact, most of the Icelandic socialist
s support this accusation. According to them, Friedman’s visit to Iceland in 1984 and his ‘lively debate’ on national television had an enormous influence on the Icelandic economy. With his presence, he inspired a lot of young conservatives. During the decade, the country became gradually ran by neoconservative economic policies, although it used to came under Nordic social values. These values stand for high social security, a rather socialistic policy and a Keynesian vision. Many economists are convinced that Iceland couldn’t handle this rather liberal way of thinking… The bankruptcy of a whole country is the result.
s support this accusation. According to them, Friedman’s visit to Iceland in 1984 and his ‘lively debate’ on national television had an enormous influence on the Icelandic economy. With his presence, he inspired a lot of young conservatives. During the decade, the country became gradually ran by neoconservative economic policies, although it used to came under Nordic social values. These values stand for high social security, a rather socialistic policy and a Keynesian vision. Many economists are convinced that Iceland couldn’t handle this rather liberal way of thinking… The bankruptcy of a whole country is the result.Herbert Spanhove
Sources: alternet.org
agoracosmopolitan.com
http://video.google.com/videoplay?docid=1107486496526618897
agoracosmopolitan.com
http://video.google.com/videoplay?docid=1107486496526618897
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