Monday, February 21, 2011

Iceland Continues to Show America How Capitalism and Democracy Work

Iceland President Blocks $5 Billion Icesave Bailout: "The People Should Decide" - Home - The Daily Bail
"Iceland’s President Olafur R. Grimsson refused to sign a $5 billion accord struck in December with the U.K. and Netherlands to repay foreign depositor losses and said the bill must instead be put to a referendum."

America is NOT a capitalist, free-market democracy. Iceland's example is making this easy to see by sharp contrast. So, what IS America? It's cronism run by bankers and corporations. (Image is protest at Iceland's President's house.)

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