Monday, April 27, 2009

Iceland settles the score with neoliberalism

Iceland went to the polls yesterday to replace the government the people drove from office after it had destroyed the country's economy. The result was a resounding victory for the left, with the Social Democrat Alliance and Left-Green Movement collectively winning 34 seats in the 63 seat Parliament. The neo-liberal Independence Party, whose deregulation of the financial sector had caused the mess, were decimated, losing nine seats. Talk about political chickens coming home to roost...

Johanna Sigurdardottir, the Social Democratic leader and Prime Minister, said that the country was "settling the score with the [sic] neoliberalism". Other neo-liberal governments should take note. If they don't change their policies, the people may want to settle a score with them too.