Log in

View Full Version : No news from Iceland… why?



Tabarnack
27th April 2012, 21:42
The Icelandic Revolution: Why Didn’t I Hear About It?

April 16, 2012 By Sarah Ruth Jacobs

We are living in an age where regular people really make the news. There’s CNN’s iReports, but I’m hypothesizing that the sharing of news items by people on social media often results in mainstream news outlets picking up a story that they might have otherwise overlooked. Even if the mainstream media doesn’t pick up news stories, there are alternative news outlets that are willing to do the job. These alternative outlets in turn can inform people about stories that they wouldn’t hear about elsewhere. Then these stories are shared on social media and the cycle begins again. Sometimes the stories found by alternative news outlets are just too big to ignore, with WikiLeaks, for example, spurring mainstream news stories. I’m always amazed at the variety of news sources that my Facebook friends post.

I think that this proliferation of news sources is a wonderful thing. Of course, unfortunately, the internet isn’t a public sphere; one in five Americans are offline and will never see this post or this or this. Yet, still, I think that the mainstream media’s picking up of stories via social media and alternative outlets also spreads to television and local news.

I began thinking about the spread of news via mainstream and untraditional sources when I saw this on a friend’s Facebook wall:

No news from Iceland… why?

How come we hear everything that happens in Egypt but no news about what’s happening in Iceland:

In Iceland, the people has made the government resign, the primary banks have been nationalized, it was decided to not pay the debt that these created with Great Britain and Holland due to their bad financial politics and a public assembly has been created to rewrite the constitution.
And all of this in a peaceful way.
A whole revolution against the powers that have created the current crisis. This is why there hasn’t been any publicity during the last two years: What would happen if the rest of the EU citizens took this as an example? What would happen if the US citizens took this as an example.

This is a summary of the facts:

2008. The main bank of the country is nationalized.
The Krona, the currency of Iceland devaluates and the stock market stops.
The country is in bankruptcy
2008. The citizens protest in front of parliament and manage to get new elections that make the resignation of the prime minister and his whole government.
The country is in bad economic situation.
A law proposes paying back the debt to Great Britain and Holland through the payment of 3,500 million euros, which will be paid by the people of Iceland monthly during the next 15 years, with a 5.5% interest.
2010. The people go out in the streets and demand a referendum. In January 2010 the president denies the approval and announces a popular meeting.
In March the referendum and the denial of payment is voted in by 93%. Meanwhile the government has initiated an investigation to bring to justice those responsible for the crisis, and many high level executives and bankers are arrested. The Interpol dictates an order that make all the implicated parties leave the country.
In this crisis an assembly is elected to rewrite a new Constitution which can include the lessons learned from this, and which will substitute the current one (a copy of the Danish Constitution).
25 citizens are chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people. The constitutional assembly starts in February of 2011 to present the ‘carta magna’ from the recommendations given by the different assemblies happening throughout the country. It must be approved by the current Parliament and by the one constituted through the next legislative elections.

So in summary of the Icelandic revolution:
-resignation of the whole government
-nationalization of the bank.
-referendum so that the people can decide over the economic decisions.
-incarcerating the responsible parties
-rewriting of the constitution by its people

Have we been informed of this through the media?
Has any political program in radio or TV commented on this?
No!
The Icelandic people have been able to show that there is a way to beat the system and has given a democracy lesson to the world

From my own experience online, I actually have to agree somewhat that the mainstream media didn’t really give much intense coverage of the Icelandic revolution. I personally wasn’t really aware of this whole saga–all I had really seen were headlines on Iceland’s financial crisis and all I’d really heard were rumblings in conversation about Iceland’s financial problems. But a revolution? No, I feel like I missed that story.

The above post brought up a lot of questions for me. They include “Wow, how did I not see more stories about this?” “How did I miss this story?” “Why wasn’t it as closely covered as Middle Eastern revolutions?”

I looked around online and tried to recreate the story. What I found interesting was that the most complete source on what happened in Iceland seemed to be Wikipedia articles, the sources of which were mostly Icelandic news sources. While there was coverage, not just of the financial crisis but of Iceland’s political upheavals, in mainstream US media–this video on Iceland’s “crowdsourced Constitution,” an article where the Icelandic president talks about social media transforming democracy, a short article on the trial of Iceland’s former PM–I found most US articles to be lacking in context, and they didn’t refer to any sort of revolution, when in fact, in my understanding, what occurred was the ousting of the ruling party, the reorganizing of the financial system, and the public rewriting of the constitution–actions resulting from public protests and which I think should be granted the term “revolution.”

I think that the news media failed here–they failed to piece various events together, they failed in terms of framing and interpreting these events. For me, I think this reveals how much power we consumers of news really give our news outlets–we expect them to provide us with the proper contextual information, we expect them to angle the story, essentially to spoonfeed it to us.

Is this uneven coverage of the Icelandic revolution a conspiracy? No, I don’t think so. I think that the Facebook post is wrong–we also aren’t hearing about everything that is happening in Egypt. I don’t know what date the post originated on, but at this point, the mainstream U.S. news media isn’t focused on Egypt, even though Tahrir Square is still full.

Despite the obsession with Brangelina’s upcoming nuptials, I don’t think the American news media is entirely solipsistic. Rather, I think it is just intellectually limited and short-sighted. The story of the Icelandic revolution was complex–it didn’t fit that neatly into a short news cycle, and maybe it was difficult to discern as being a “revolution” considering the protests were linked to the financial crisis and the president himself didn’t resign. What we have is a conspiracy of ignorance. Of course, one could also play devil’s advocate and congratulate the media for not “manufacturing” a revolution out of a series of events. Personally, though, whether one wants to call it a revolution or an upheaval, I still think what happened in Iceland was poorly framed by the U.S. news media. The more we become aware of the limitations of the mainstream media, the more we can take it upon ourselves to supplement its blind spots.

http://cac.ophony.org/2012/04/16/the-icelandic-revolution-why-didnt-i-hear-about-it/

Mass Grave Aesthetics
27th April 2012, 23:33
There are some inaccuracies in the article and some of what it says is a bit vague. I´ll address the few biggest ones I have spotted:
There were three large icelandic banks who were heading the same way as Lehman Brothers. They were nationalized by an emergency decree by the government at the time, to avoid the icelandic economy from going bankrupt as they went under. This happened before the government was forced to resign and call for new elections. The iceland economy was never de-jure bankrupt but would have been had it not been for the measures taken. The banks have since then been re-privatized for the most part by the current government. Two of them were fully privatized and the third one has mixed ownership of private- and state capital. The emergency decree also meant, however, that the Icelandic state was legally responsible for the banks debts.
What is said on the referendum in the article is misleading. There were in fact two referendums who took place in 2010 on two different agreements on paying those debts. In both cases the result was "no" (a more overwhelming one in the first case). The government has always intended to have those debts paid and proceeds on that course, so those referendums don´t mean anything in practice.
It´s also not correct to say that the people voted in to the popular assembly to draft the new constitution (which is based on the old one) were not "politically affiliated". Most of the people who got elected to it were either public intellectuals or people affiliated with the mainstream political parties. You could even say the parties put forward (though not officially) their candidates for the assembly.

"The Icelandic people have been able to show that there is a way to beat the system and has given a democracy lesson to the world."
In a very limited way. No social change has followed from these events. More than anything; the course of events has mostly just exposed what a hypocritical charade bourgeois democracy is. It´s one of those stories, yet again:rolleyes:

Bostana
27th April 2012, 23:40
Who is Ice-land?

Proteus
28th April 2012, 01:06
Who is Ice-land?

its a chain of frozen food stores in the UK.

Vyacheslav Brolotov
28th April 2012, 01:22
I read it and I found it very informative. Yet, this is just a simple bourgeois reform movement, or pseudo-revolution. Obviously, things will not really change much.

One thing that struck me the most was the part that it said that this news has not been circulated because of what would happen if citizens of other nations, like the USA, followed suit. But the thing is that they are rewriting their constitution. We Americans have not done that since....ever. I just found that interesting.

Also, the Krona is pretty lol:
http://files.citycatalogue.com/currs/icelandic.jpg

Nice hats. :p

Anarcho-Brocialist
28th April 2012, 01:54
Didn't Matt Damon speak of this in the move Inside Job? A film about the 2001 financial crisis.

EDIT : Here's the movie description : "The documentary is in five parts. It begins with a look at how Iceland was highly deregulated in 2000 and its banks were privatized. When Lehman Brothers went bankrupt and AIG collapsed on September 15, 2008, Iceland and the rest of the world went into a global recession."

Os Cangaceiros
28th April 2012, 03:55
The part of "Inside Job" about Iceland was extremely brief, so brief in fact that I think it was only discussed until the opening credits.

The whole Iceland story (esp. the "Icesave agreement" which all of Iceland basically gave a collective FUCK YOU! to) was one of the more entertaining stories of 2008. I think that was probably the last time that people in high-ranking positions in the financial world allow a populace to put something like that to a popular vote. I remember when the last Greek prime minister threatened that he might put one of the Greek bailouts up for a popular referendum, the troika almost had a heart attack. Time for a new prime minister!

Os Cangaceiros
28th April 2012, 03:57
I also find it funny that a nation of cod fishermen suddenly seemed to decide one day that they were going to get into investment banking. I'm a fisherman too, I want to become the next Gordon Gecko. :p

TrotskistMarx
28th April 2012, 05:42
For some reason I can't explain, many people in this modern world of technology and internet, still trust the traditional sources of news like television and newspapers, a lot more than alternative internet news websites. And indeed, here is a cool link about how most TV news channels lie about their news http://www.tvnewslies.org

But we cannot blame TV news and printed newspapers news for the lack of information about the reality of our world. Most people are part of the blame because of their inability to divorce themselves from TV news and newspapers news and instead rely on alternative internet news as information resources and as better direct knowledge about the reality of the world.

I read in a book by Edgar Allan Poe, that said that humans tend to trust, support, love and follow things that are full of luxuries, pomposity, material wealth and brightness. That's why people pay more attention and have more trust on CNN news, FOX news, ABC news, CBS news, NBC news, Noticias Univision, Noticiero Telemundo, than on Democracy Now of Amy Goodman. And we all know here that Democracy Now http://www.democracynow.org is a more honest and leftist progressive anti-war news source than those 7 corporate zionist imperialist mainstream TV news channels, that I just mentioned.

So again, people tend to believe and trust celebrity luxury wealthy type of news sources, than news sources that do not have that pomposity of the anorexic anchor news women of CNN, and FOX news.

Even the Russia Today News http://www.rt.com/ is shifting to the bourgeoise right-wing, with their excess of pomposity and not only that. They indeed defend the capitalist system. They want a "regulated capitalist system with a human face". I didn't know that capitalism had a human face.


.


.



The Icelandic Revolution: Why Didn’t I Hear About It?

April 16, 2012 By Sarah Ruth Jacobs

We are living in an age where regular people really make the news. There’s CNN’s iReports, but I’m hypothesizing that the sharing of news items by people on social media often results in mainstream news outlets picking up a story that they might have otherwise overlooked. Even if the mainstream media doesn’t pick up news stories, there are alternative news outlets that are willing to do the job. These alternative outlets in turn can inform people about stories that they wouldn’t hear about elsewhere. Then these stories are shared on social media and the cycle begins again. Sometimes the stories found by alternative news outlets are just too big to ignore, with WikiLeaks, for example, spurring mainstream news stories. I’m always amazed at the variety of news sources that my Facebook friends post.

I think that this proliferation of news sources is a wonderful thing. Of course, unfortunately, the internet isn’t a public sphere; one in five Americans are offline and will never see this post or this or this. Yet, still, I think that the mainstream media’s picking up of stories via social media and alternative outlets also spreads to television and local news.

I began thinking about the spread of news via mainstream and untraditional sources when I saw this on a friend’s Facebook wall:

No news from Iceland… why?

How come we hear everything that happens in Egypt but no news about what’s happening in Iceland:

In Iceland, the people has made the government resign, the primary banks have been nationalized, it was decided to not pay the debt that these created with Great Britain and Holland due to their bad financial politics and a public assembly has been created to rewrite the constitution.
And all of this in a peaceful way.
A whole revolution against the powers that have created the current crisis. This is why there hasn’t been any publicity during the last two years: What would happen if the rest of the EU citizens took this as an example? What would happen if the US citizens took this as an example.

This is a summary of the facts:

2008. The main bank of the country is nationalized.
The Krona, the currency of Iceland devaluates and the stock market stops.
The country is in bankruptcy
2008. The citizens protest in front of parliament and manage to get new elections that make the resignation of the prime minister and his whole government.
The country is in bad economic situation.
A law proposes paying back the debt to Great Britain and Holland through the payment of 3,500 million euros, which will be paid by the people of Iceland monthly during the next 15 years, with a 5.5% interest.
2010. The people go out in the streets and demand a referendum. In January 2010 the president denies the approval and announces a popular meeting.
In March the referendum and the denial of payment is voted in by 93%. Meanwhile the government has initiated an investigation to bring to justice those responsible for the crisis, and many high level executives and bankers are arrested. The Interpol dictates an order that make all the implicated parties leave the country.
In this crisis an assembly is elected to rewrite a new Constitution which can include the lessons learned from this, and which will substitute the current one (a copy of the Danish Constitution).
25 citizens are chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people. The constitutional assembly starts in February of 2011 to present the ‘carta magna’ from the recommendations given by the different assemblies happening throughout the country. It must be approved by the current Parliament and by the one constituted through the next legislative elections.

So in summary of the Icelandic revolution:
-resignation of the whole government
-nationalization of the bank.
-referendum so that the people can decide over the economic decisions.
-incarcerating the responsible parties
-rewriting of the constitution by its people

Have we been informed of this through the media?
Has any political program in radio or TV commented on this?
No!
The Icelandic people have been able to show that there is a way to beat the system and has given a democracy lesson to the world

From my own experience online, I actually have to agree somewhat that the mainstream media didn’t really give much intense coverage of the Icelandic revolution. I personally wasn’t really aware of this whole saga–all I had really seen were headlines on Iceland’s financial crisis and all I’d really heard were rumblings in conversation about Iceland’s financial problems. But a revolution? No, I feel like I missed that story.

The above post brought up a lot of questions for me. They include “Wow, how did I not see more stories about this?” “How did I miss this story?” “Why wasn’t it as closely covered as Middle Eastern revolutions?”

I looked around online and tried to recreate the story. What I found interesting was that the most complete source on what happened in Iceland seemed to be Wikipedia articles, the sources of which were mostly Icelandic news sources. While there was coverage, not just of the financial crisis but of Iceland’s political upheavals, in mainstream US media–this video on Iceland’s “crowdsourced Constitution,” an article where the Icelandic president talks about social media transforming democracy, a short article on the trial of Iceland’s former PM–I found most US articles to be lacking in context, and they didn’t refer to any sort of revolution, when in fact, in my understanding, what occurred was the ousting of the ruling party, the reorganizing of the financial system, and the public rewriting of the constitution–actions resulting from public protests and which I think should be granted the term “revolution.”

I think that the news media failed here–they failed to piece various events together, they failed in terms of framing and interpreting these events. For me, I think this reveals how much power we consumers of news really give our news outlets–we expect them to provide us with the proper contextual information, we expect them to angle the story, essentially to spoonfeed it to us.

Is this uneven coverage of the Icelandic revolution a conspiracy? No, I don’t think so. I think that the Facebook post is wrong–we also aren’t hearing about everything that is happening in Egypt. I don’t know what date the post originated on, but at this point, the mainstream U.S. news media isn’t focused on Egypt, even though Tahrir Square is still full.

Despite the obsession with Brangelina’s upcoming nuptials, I don’t think the American news media is entirely solipsistic. Rather, I think it is just intellectually limited and short-sighted. The story of the Icelandic revolution was complex–it didn’t fit that neatly into a short news cycle, and maybe it was difficult to discern as being a “revolution” considering the protests were linked to the financial crisis and the president himself didn’t resign. What we have is a conspiracy of ignorance. Of course, one could also play devil’s advocate and congratulate the media for not “manufacturing” a revolution out of a series of events. Personally, though, whether one wants to call it a revolution or an upheaval, I still think what happened in Iceland was poorly framed by the U.S. news media. The more we become aware of the limitations of the mainstream media, the more we can take it upon ourselves to supplement its blind spots.

http://cac.ophony.org/2012/04/16/the-icelandic-revolution-why-didnt-i-hear-about-it/

TrotskistMarx
28th April 2012, 06:16
I think that the size of a country, and the amount of people matter. Iceland is a smaller country, so I think it's a lot easier to unite a movement there in order to overthrow the oligarchic neoliberal capitalist system there. The USA is a lot bigger, so it's a lot harder to create a united front as a third party electoral option in USA to overthrow the capitalist system in the 2016 elections.

.



I read it and I found it very informative. Yet, this is just a simple bourgeois reform movement, or pseudo-revolution. Obviously, things will not really change much.

One thing that struck me the most was the part that it said that this news has not been circulated because of what would happen if citizens of other nations, like the USA, followed suit. But the thing is that they are rewriting their constitution. We Americans have not done that since....ever. I just found that interesting.

Also, the Krona is pretty lol:
http://files.citycatalogue.com/currs/icelandic.jpg

Nice hats. :p

Crux
28th April 2012, 16:37
Iceland (http://www.socialistworld.net/doc/5726)

The crisis is far from over (http://www.socialistworld.net/doc/5726)

El Oso Rojo
28th April 2012, 16:52
For some reason I can't explain, many people in this modern world of technology and internet, still trust the traditional sources of news like television and newspapers, a lot more than alternative internet news websites. And indeed, here is a cool link about how most TV news channels lie about their news http://www.tvnewslies.org

But we cannot blame TV news and printed newspapers news for the lack of information about the reality of our world. Most people are part of the blame because of their inability to divorce themselves from TV news and newspapers news and instead rely on alternative internet news as information resources and as better direct knowledge about the reality of the world.

I read in a book by Edgar Allan Poe, that said that humans tend to trust, support, love and follow things that are full of luxuries, pomposity, material wealth and brightness. That's why people pay more attention and have more trust on CNN news, FOX news, ABC news, CBS news, NBC news, Noticias Univision, Noticiero Telemundo, than on Democracy Now of Amy Goodman. And we all know here that Democracy Now http://www.democracynow.org is a more honest and leftist progressive anti-war news source than those 7 corporate zionist imperialist mainstream TV news channels, that I just mentioned.

So again, people tend to believe and trust celebrity luxury wealthy type of news sources, than news sources that do not have that pomposity of the anorexic anchor news women of CNN, and FOX news.

Even the Russia Today News http://www.rt.com/ is shifting to the bourgeoise right-wing, with their excess of pomposity and not only that. They indeed defend the capitalist system. They want a "regulated capitalist system with a human face". I didn't know that capitalism had a human face.


.


.

There are not a lot of people with internet.

X5N
30th April 2012, 02:39
They forgot the part where the capital's government got taken over by an anarchist comedian and his joke party, who at one point polled at like 25% nationally.

Os Cangaceiros
30th April 2012, 02:46
Oh yeah, I remember that, didn't he name his party "The Best Party" or something? I seem to remember him being interviewed about his party, and he said he named it that because "who wouldn't want to vote for the best party"? :lol: