In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘Revolution in Europe’

The Icelandic Volcano Erupts

Posted by seumasach on February 9, 2009

Rebecca Solnit

Common Dreams

9th February, 2009

In December, reports surfaced that Treasury Secretary Henry Paulson pushed his Wall Street bailout package by suggesting that, without it, civil unrest in the United States might grow so dangerous that martial law would have to be declared. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), warned of the same risk of riots, wherever the global economy was hurting. What really worried them wasn’t, I suspect, the possibility of a lot of people thronging the streets with demands for social and political change, but that some of those demands might actually be achieved. Take the example of Iceland, the first — but surely not the last — country to go bankrupt in the current global crash.

Read the rest of this entry »

Posted in Revolution in Iceland | Tagged: , , , | Leave a Comment »

%d bloggers like this: