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In the space of a few days, one of the world’s richest and most egalitarian nations, Iceland, toppled into financial chaos and sunk into an economic, ethical, moral and identity crisis. The vast empire built by Iceland’s young entrepreneurs, the “new Vikings”—who had propelled the country to the top of wealth, equality and happiness charts—collapsed under the combined effect of the failure of its banks and astronomical debt (more than ten times the country’s gross domestic product). Iceland became, in the midst of the global economic crisis, an icon of disaster that troubles all Western countries seeking to understand how the Scandinavian model could collapse so suddenly. In this book, Daniel Chartier traces, through thousands of articles appearing in the foreign press, the fascinating reversal of Iceland’s image during the crisis. Citizens of a country now humiliated, Icelanders must deal with a number of significant issues including the quest for wealth, sovereignty, ethics, responsibility, gender and the limits of neoliberalism.
As the global banking boom of the early twenty-first century expanded towards implosion, Icelandic media began calling the country's celebrity financiers útrásarvíkingar: “raiding vikings.” This new coinage encapsulated the macho, medievalist nationalism which underwrote Iceland's exponential financialisation. Yet within a few days in October 2008, Iceland saw all its main banks collapse beneath debts worth nearly ten times the country's GDP.Hall charts how Icelandic novelists and poets grappled with the Crash over the ensuing decade. As the first English-language monograph devoted to twenty-first-century Icelandic literature, it provides Anglophone readers with an introduction to one of the world's liveliest literary scenes. It also contributes a key case study for understanding global artistic responses to the early twenty-first century crisis of runaway, unregulated capitalism, exploring the struggles of writers to adapt realist forms of art to surreal times.As Iceland's biggest crisis since their independence from Denmark in 1944, the effect of the Crash on the national self-image was as seismic as its effects on the economy. This study analyses the centrality of whiteness and the abjection of the “developing world” in Iceland's post-colonial identity, and shows how Crash-writing explores the collisions of Iceland's traditional, nationalist medievalism with a dystopian, Orientalist medievalism associated with the Islamic world.The Crash in Iceland was instantly recognised as offering important economic insights. This book shows how Iceland also helps us to understand the cultural convulsions that have followed the Financial Crisis widely in the West.
Using the economic crisis as a starting point, Messy Europe offers a critical new look at the issues of race, gender, and national understandings of self and other in contemporary Europe. It highlights and challenges historical associations of Europe with whiteness and modern civilization, and asks how these associations are re-envisioned, re-inscribed, or contested in an era characterized by crises of different kinds. This important collection provides a nuanced exploration of how racialized identities in various European regions are played out in the crisis context, and asks what work “crisis talk” does, considering how it motivates public feelings and shapes bodies, boundaries and communities.
The heat between them could melt far more than the Icelandic snow in this steamy convenient-wedding romance by Jackie Ashenden. Once her enemy… Now her temptation! Jilted at the altar, Isla Kendrick faces an impossible decision: lose her family business or marry the ruthless tycoon trying to take it over. Already in her wedding dress, she reluctantly says “I do.” Orion North wants Isla’s company…and her! So when the opportunity to save her from a media frenzy arises, he takes it. He whisks her away to his luxurious Icelandic lodge, and the heat burning between them soon takes them to the bedroom. But with tragedy in his past, even their passion might not be enough to melt the ice encasing Orion’s heart… From Harlequin Presents: Escape to exotic locations where passion knows no bounds.
A look at Iceland’s 2008 meltdown from multiple perspectives: “The story is at once shocking and hilarious . . . But also a testament to human resilience.” —Keith Hart, London School of Economics Iceland’s 2008 financial collapse was the first case in a series of meltdowns, a warning of danger in the global order. This full-scale anthropology of financialization and the economic crisis broadly discusses this momentous bubble and burst and places it in theoretical, anthropological, and global historical context through descriptions of the complex developments leading to it and the larger social and cultural implications and consequences. Chapters from anthropologists, sociologists, historians, economists, and key local participants focus on the neoliberal policies—mainly the privatization of banks and fishery resources—that concentrated wealth among a select few, skewed the distribution of capital in a way that Iceland had never experienced before, and plunged the country into a full-scale economic crisis. Gambling Debt significantly raises the level of understanding and debate on the issues relevant to financial crises, painting a portrait of the meltdown from many points of view—from bankers to schoolchildren, from fishers in coastal villages to the urban poor and immigrants, and from artists to philosophers and other intellectuals. Gambling Debt is a game-changing contribution to the discussion of economic crises and neoliberal financial systems and strategies that touches upon anthropology, sociology, economics, philosophy, political science, business, and ethics. “Honest, entertaining, and informative . . . Explores the changing distribution of wealth and the impact of privatization as well as the historical identity of Iceland and the numerous factors that came together to help produce such an economic meltdown.” —Choice Publication supported in part by the National Science Foundation
A portrait of Iceland through the eyes of the international media before and after their total economic collapse. In the space of a few days, one of the world's richest and most egalitarian nations, Iceland, toppled into financial chaos and sunk into an economic, ethical, moral and identity crisis. The vast empire built by Iceland's young entrepreneurs, the "new Vikings"--who had propelled the country to the top of wealth, equality and happiness charts--collapsed under the combined effect of the failure of its banks and astronomical debt (more than ten times the country's gross domestic product). Iceland became, in the midst of the global economic crisis, an icon of disaster that troubles all Western countries seeking to understand how the Scandinavian model could collapse so suddenly. In this book, Daniel Chartier traces, through thousands of articles appearing in the foreign press, the fascinating reversal of Iceland's image during the crisis. Citizens of a country now humiliated, Icelanders must deal with a number of significant issues including the quest for wealth, sovereignty, ethics, responsibility, gender and the limits of neoliberalism. Published in English.
"Where Cloud is Ground offers an ethnography of the international data storage industry, and an inquiry into the relationship between data and place. Based in Iceland, which is fast becoming a hot spot for data centers -- facilities where large quantities of data is processed and stored -- the book traces the fraught work of siting data's material manifestations in relation to landforms and earth processes, local politics, national narratives, and still-open questions of spatial justice and sovereignty. Doing so, it unsettles techno-utopian ideals of connectivity and offers a window into what it means to live with our data, in a place where more and more data now lives"--
The crisis of global capitalism that has unfolded since 2008 is more than an economic crisis. It is structural and multidimensional. The sequence of events that have taken place in its aftermath show that we are entering a world that is very different from the social and economic conditions that characterized the rise of global, informational capitalism in the preceding three decades. The policies and strategies that intended to manage the crisis-with mixed results depending on the country-may usher in a distinctly different economic and institutional system, as the New Deal, the construction of the European Welfare State, and the Bretton Woods global financial architecture all gave rise to a new form of capitalism in the aftermath of the 1930s Depression, and World War II. This volume examines the cultures and institutions at the root of the crisis, as well as the conflicts and debates that lead to a new social landscape, including the rise of alternative economic cultures expressed in the social movements occupying Wall Street. The book presents the results of a shared project of reflection by an interdisciplinary group of researchers from around the world. It contends that there is no quick fix to the current financial and political system. Life beyond the crisis requires a transformation of the mindset that led to bankruptcy and despair, and to economies and societies based on an unsustainable model of speculative finance and political irresponsibility. The book explains why and explores the contours of the world emerging in the aftermath of the crisis.
"Decades after liberal constitutional democracies ended the laws of patriarchy and committed to gender equality, misogyny still pervades women's lives. Often expressed as hatred and discrimination against women, misogyny is the legal aftermath of patriarchy, which goes beyond attacking and belittling women. After Misogyny reframes misogyny as society's overentitlement to women's forbearance and sacrifices, which continues to be expressed in the law even after patriarchy has been repudiated. Women's contributions, both inside and outside the home, are radically undercompensated and highly beneficial to society-especially the reproductive work of childbearing and childrearing. From antidiscrimination law to abortion bans, the law fails women by keeping the dynamics of social overentitlement and male overempowerment invisible. In recent years, many constitutional democracies have used new processes of constitution-making and constitutional change to reset entitlements and power. After Misogyny shows how movements to reset these baseline entitlements are necessary for constitutional democracies to overcome misogyny"--
There is no precedent to the current economic crisis which looks set to redefine social policy debate throughout the globe. But its effects are not uniform across nations. Bringing together a range of expert contributions, the key lesson to emerge from this book is that 'the crisis' is better understood as a variety of crises, each mediated by national context. Consequently, there is an array of potential trajectories for welfare systems, from those where social policy is regarded as incompatible with the post-crisis economy to those where it is considered essential to future economic growth and security.