Quote from: JA37 on November 16, 2011, 08:37:35 AM

Quote from: JeffK on November 16, 2011, 08:18:40 AM

Quote from: The Script on March 30, 2011, 08:03:41 PM

Yeah, I started watching that movie. "Iceland was doing just fine.....UNTIL they decided to deregulate their banking system. Then the dirty capitalists took over and turned everything to shit. Guess they should have had more regulation and government intervention, shouldn't they?"

Then I stopped.

So since a conclusion that was reached disagreed with a conclusion you, yourself had come up with, it is suddenly bunk? We're you this obtuse when you found out Santa Claus was not real as well?

I usually take the time to review the facts before making up my mind. I listen to arguments by people with a different opinion than me because they generally have a good understanding of things from their perspective. That's how we learn. That's how you get a nuanced picture. Not by immediately dismissing something that doesn't agree with your philosophy.

How about you?
Since Iceland is worse off today than before, what's the reason for this? The reason given in the film was dismissed in less than 5 minutes, so what's the reason then? If you know that the reason given was bunk, then give another.

Wow, this was a while ago. You are right, I should have given it a fair hearing. I must have been in a bad mood or something. A friend recently recommended this documentary to me. I will go back and give it a fair watch and evaluate the facts and arguments it makes. I don't have any theories about what happened to Iceland at this point. I don't know what happened.