Tuesday, January 31, 2012

Iceland’s On-Going Financial Revolution | Sovereign Independent

Iceland’s On-Going Financial Revolution | Sovereign Independent:
... Iceland’s New Constitution In order to free the country from the exaggerated power of international finance and virtual money, the people of Iceland decided to draft a new constitution.

They elected twenty-five citizens from among 522 adults not belonging to any political party but recommended by at least thirty people. The constituent’s meetings were streamed on-line, and citizens could send their comments and suggestions, witnessing the document as it took shape. The constitution that emerged from this participatory democratic process was submitted to parliament for approval this fall.

The people of Greece have been told that the privatization of their public sector is the only way to keep the nation afloat. The people of Italy, Spain and Portugal are facing similar pressures. They, and the rest of us could learn a lot from Iceland, refusing to bow to foreign interests and stating loud and clear that the people can and will take their power back...