Saving Iceland

This article originally appeared in the June issue of the independent newsmagasine Róstur.

The Whitewash report, or “Investigative report of the Special Investigation Commission”  made by the Special Investigation Comission (SIC) on orders from Alþingi (The Icelandic Parliament) under the pretence of investigating “the prelude to and cause of the crash of the Icelandic banks and related events”, which also is the subtitle of the report, has been disected by the media and heavily discussed on public forums for the last couple of months. The major medias and other groups of interest have been busy covering it chapter by chapter, drawing out the main conclusions of each part into few sentances to make it easily accessable to their readers. But not all of the chapters are getting equal coverage. Most of the focus has been on selected chapters relating to indictable actions and negligence on behalf of government and bank officials in the run-up to the collapse, the processes of the privatisation policy, especially towards the banks, and the loan books and other financial documentation revealed by the report. In that way, the major medias and other public opinionmakers are, like always, backing up the authorities in their defence of the current political system. All coverage about the report is directed towards these few selected parts, scapegoating a few people from the pre-crash financial sector along with expendable and retired politicians to spare the rest. This has resulted in a black-out of all discussion about the most important and revealing parts of the report, namely the parts about the economic impact of the industrialisation policy. Read More

A new Icelandic, independent, monthly newspaper recently started circulating in Iceland. The paper’s name is Róstur, being an old word for turmoil or riot. The first issue came out in March, with final work being put into the fourth issue in these written words.

Whereas all major medias in Iceland are either run by the state or parts of the financial elite, they dutifully serve their owners agendas over their obligations towards their readers, and are mostly just propaganda tools, each for their own respectful shareholders. News mediums who don’t dare critisize big corporations and advertisers are not just a local problem, but a global one. Their kind allows these companies to buy the image they want to project of themselves and serve it to the public through loyal medias, or to let their misdeeds pass ignored by the medias who don’t wish to ruffle the feathers of their biggest sponsors.

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