In this Book

The End of Iceland's Innocence
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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.

Table of Contents

  1. Cover
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  1. Frontmatter
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  1. TABLE OF CONTENTS
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  1. INTRODUCTION: A MEDIA CRISIS
  2. p. 9
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  1. Excessiveness
  2. pp. 11-14
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  1. The Research
  2. pp. 15-24
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  1. The Role of the Media—Dramatisation of the Crisis
  2. pp. 25-34
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  1. PART ONE: ASSETS IN JEOPARDY
  2. p. 37
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  1. An Egalitarian, Progressive and Peaceful Country—An Independent Utopia
  2. pp. 39-46
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  1. The Impact of the Crisis Abroad—A General Dislike of Iceland
  2. pp. 47-54
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  1. A Casualty of the Global Crisis—The First Domino to Fall
  2. pp. 55-59
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  1. Communication Problems—An Atmosphere of Mistrust
  2. pp. 60-65
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  1. Ethics—In Great Disarray
  2. pp. 66-72
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  1. Free-Thinking Artists—Björk and Olafur Eliasson
  2. pp. 73-77
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  1. Humour—‘Ctrl-Alt-Del. Welcome to Iceland 2.0’
  2. pp. 78-82
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  1. PART TWO: BANKRUPTCY
  2. p. 85
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  1. Numerous Warnings—A Foreseeable Collapse
  2. pp. 87-91
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  1. Bankruptcy—Iceland Became Synonymous with Crisis
  2. pp. 92-98
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  1. Social and Economic Incest—A Closely-Knit Economy
  2. pp. 99-103
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  1. Davið Oddsson and the Central Bank of Iceland—Political Intervention in Economics
  2. pp. 104-108
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  1. Arrogance—Excessive Confidence
  2. pp. 109-112
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  1. Iceland’s Very Loyal Friend—Richard Portes
  2. pp. 113-117
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  1. The New Vikings—Yesterday’s Heroes, Today’s Villains
  2. pp. 118-128
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  1. Gender Issues—Women: The Antidote to the Crisis
  2. pp. 129-133
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  1. PART THREE: THE REST OF THE WORLD
  2. p. 135
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  1. Scandinavia—Our Nordic Friends
  2. pp. 137-142
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  1. Russia—Our New Friend
  2. pp. 143-151
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  1. The Conflict with the United Kingdom—One of Us, Not One of Them
  2. pp. 152-160
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  1. Europe—Seeking Protective Shelter
  2. pp. 161-169
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  1. A Very Small Country—Big Is Not Always Beautiful
  2. pp. 170-181
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  1. CONCLUSION: THE HUMILIATED COUNTRY
  2. p. 183
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  1. Violence—Icelanders’ Anger
  2. pp. 185-190
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  1. Returning to Traditions—Fishing, Morality and Anti-Consumerism
  2. pp. 191-197
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  1. Irresponsibility—Who Should Pay the Price?
  2. pp. 198-206
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  1. Humiliation—The Wounded Tiger
  2. pp. 207-216
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  1. Chronology
  2. pp. 218-226
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  1. Bibliography
  2. pp. 227-239
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