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So if the Icelandic government decides to renationalise, tax or - perish the thought - prosecute some of those companies, it would be too politically expensive to do a Pinochet on them.
- Jake Friends come and go. Enemies accumulate.
Whether Iceland can resist a standard transnational corporate resource grab, I'd be surprised if the grab is not made. I hope that it can resist. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
The media narrative will run on very different lines, you may be sure. If Alcoa even gets mentioned, it will be as the Great Benefactor.
Americans know nothing about Iceland, and their imaginings can be manipulated. The Fates are kind.
Oh, and if you're really unlucky, pissing off Norway might piss off Germany too. And they have ball bearings.
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