on the IceSave debacle

John Hopkins 08::January::2010 11:53 → permalink

A quick response on Alda’s Icelandic Weather Report posting concerning the veto by the Icelandic President of the IceSave agreement.

sotto voce: Strategic positioning relates to local, regional and global power flows and offensive/defensive weapon systems (among other factors). The US military left Iceland because it no longer represented a strategic advantage to be there (precisely because of weapon systems like submarine-launched ICBM’s, not to mention the very real shifts of global power that have come about since the Cold War ended). During WWII, because of the limits on aircraft range, Iceland was crucial to the Allied (US-supported) efforts in Europe. But gradually, again, with changing weapon systems and different constellations of global power, Iceland is no longer ‘strategic.’ Might be hard for some folks to swallow, pride-wise, not being ‘important’ in some global scheme, but that’s the way things go — they change. Iceland has few if any unique marketable/strategic resources as measured in the present world order. And on the other hand, they have liabilities according to globalist interests (for example, a quaint nationalism which is completely redundant in global market systems, no longer strategic travel/transport location (no need for Keflavík re-fueling!), no significant energy resources that are fiscally develop-able to the scale necessary for global competition, an education system that includes 100% literacy but is, on its own, entrenched and lacking innovative threads (and reinforcing the same naivete that gave rise to the recent disastrous foray into the global market system) … and so on…

And on the power of the (Icelandic) Presidency:

sotto voce: Presumably, though, the powers of the office of the president are circumscribed in the constitution, and, as such, are available to the person occupying the office. As happened in the US during the Bush regime, massive powers not explicitly outlined in the constitution were gathered by that regime, strengthening the office of president dramatically (powers that Obama has not relinquished at all — those at the top love extra power)… Any government or national political power structure goes through fluid shifts in concentration & location of power almost constantly, but some more precipitous than others. I’d suggest a close reading of The Annals of Imperial Rome by Tacitus, for a good outline on shifting power structures in a nation-state.