Iceland – Independent Economic Policy, Holding Finance Accountable and Experimenting with Local Democracy

Iceland’s economy had thrived on speculative finance but, after the meltdown, rather than making the public pay for the crisis, as the Nobel economist Paul Krugman points out, Iceland ‘let the banks go bust and actually expanded its social safety net’ and instead of placating financial markets, ‘imposed temporary controls on the movement of capital to give itself room to manoeuvre.’

Britain’s Infrastructure is Breaking Down. And Here’s Why No One’s Fixing It

The spirit we need is that summed up by the librarian who rhapsodises to Klinenberg about his branch: “The library really is a palace. It bestows nobility on people who can’t otherwise afford a shred of it. People need to have nobility and dignity in their lives. And, you know, they need other people to recognise it in them too.”