After most people lost their savings, how did the people of Iceland survive? How have they moved from a complete financial collapse in 2008 to a successful
functioning "local economy”?
After the collapse on October 2008 actor, singer and gay rights activist Hordur Torfason planted himself outside parliament. Every day for a week he
stood in the same spot and asked the people two questions. The first, do you know what has happened in this country? The second, do you have any ideas
about what we can do about it?
By gauging opinion on the streets, and through innovative social media, he devised three demands which reflected the peoples immediate wishes: the
government should resign, the board of the financial supervisorial authority should resign, and the board of the national bank should resign.
Within three months and in extremely cold and wet conditions, Torfason inspired thousands of people to take intelligent action resulting in radical
change in Iceland's government and economy. All of this was achieved peacefully.
Top economists are now saying Iceland is showing the way: While many countries within the Eurozone have bailed out the bankers and 'made the public pay
the price' Iceland let the banks go bust and actually expanded its social safety net.
Nobel prize-winning economist Joe Stiglitz noted: “What Iceland did was right. It would have been wrong to burden future generations with the
mistakes of the financial system.”
Is it as rosy as it sounds, and what might happen in the next election?
Yet, why is mainstream media so very quiet about what happened in Iceland?
Hordur Torfason tells his story and explains that there is still much work to be done.
For details of Torfasons 'extensive' March 2013 New Zealand tour go to:
See also www.facebook.com/HordurTorfasonNZTour.