Whither Iceland - a question of future

Iceland's finances melted down a few weeks ago and now, Bjork raises some questions about its future.

From the London Times Online:

After financial meltdown, now it's smeltdown
The men who made Iceland go cap in hand to the IMF are now bent on ruining its landscape

After touring for 18 months I was excited to return home a few weeks ago to good, solid Iceland and enjoy a little bit of stability. I had done a concert there earlier this year to raise awareness about local environmental issues and 10 per cent of the nation came to it; but I still felt it wasn't enough.

So when I returned I decided to contact people all over the island who had attempted to start new companies and bring in new greener ways of working but had not succeeded. For a long time Iceland's main income was fishing, but when that become uneconomic people started looking for other ways to earn a living. The ruling conservatives thought that harnessing Iceland's natural energy and selling it to huge companies such as Alcoa and Rio Tinto would solve the problem.

Now we have three aluminium smelters, which are the biggest in Europe; and in the space of the next three years they want to build two more. The smelters would need energy from a handful of new geothermal power plants and the building of dams that would damage pristine wilderness, hot springs and lava fields. To take this much energy from geothermal fields is not sustainable.

She then offers these observations:

Usually I don't notice politics. I live happily in the land of music-making. But I got caught up in it because politicians seem bent on ruining Iceland's natural environment. And I read last week that, because of the crisis, a number of Icelandic MPs are lobbying for the environmental assessment to be ignored so that the dams can be built as quickly as possible to give Alcoa and Rio Tinto the energy they need for the two new smelters.

Iceland is a small country. We missed out on an industrial revolution and my hope was that we would skip it completely and go straight to sustainable hi-tech options. If anyone could achieve this, we could. There is a wonderful characteristic in the Icelandic mentality - fearlessness, with an addiction to risk-taking to the point of being foolhardy. In music-making, storytelling and creative thought, this risk-taking is a great thing. And after my introduction to a lot of Iceland's small, growing companies, I realise how many of them have shown this fearless approach either in biotechnology or high technology.

Icelanders are highly educated in advanced sciences. We have ORF, one of the best biogenetics company in the world; Issur, an artificial limb-maker; CCP, a computer games maker, and so on. We also have a lot of doctors and health professionals. Because of the hundreds of naturally hot pools all over the island and our (so far) almost untouched nature, Iceland could easily become one big lush spa where people could come and nurse their wounds and relax. If only the Government could put its money into supporting these companies rather than serving Alcoa and Rio Tinto.

I visited there for two months back in 1974 -- one year after the volcanic eruption in Heimaey. Almost every street in every town had a bookstore. The people were very well educated and fascinating to talk with and meet. A shame that a few plutocrats are ruining that nation. Better a slower and steadier growth -- one that is not tied to a single commodity. Be sure to read the 40+ comments -- a lot of them from people in Iceland and England.

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About this Entry

This page contains a single entry by DaveH published on November 2, 2008 6:28 PM.

On the menu for tonight was the previous entry in this blog.

Another business run into the ground - Circuit City is the next entry in this blog.

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