... one thing transnational corporations do is to take advantage of financial crises to gain ownership of existing productive assets at fire sale prices. If it was Paraguay or Côte d'Ivoire, that's exactly what we would be expecting to start happening.

IOW, Iceland may have all the sources of electricity that it requires inside its borders ... that is no guarantee of the means of producing that electricity remaining in Icelandic hands.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.