Category Archives: finance

Improvisation vs. Subsidization: Class Power, the Icelandic Way

Iceland has one of the highest divides between wealthy and poverty people in the world. One result is that private construction is improvised and not meant to last.

Frakkastigur, Reykjavik

While government construction is sturdy and maintained.

The Church at Borg

This is not new. Private, circa 1945:

Private, 2016:

Government:

Looking out from the Harpa Concert Hall over the New Harbour in Reykjavik

Well, OK, government-financed completion of failed rich man’s extravagance. That’s part of the picture, too.

 

The Two Icelands (Well, Really Three)

 

There’s the pretty one.


Borgarfjörður Eystri

And across the street, the rusty one. All the fish are gone. Beautiful, though.

 

With ruins in the foreground.


And weird driftwood art.

Neither is Iceland, though. That’s something the Icelanders keep to themselves. What they present to you in its place are charms and gestures.

You know, stuff you remember from the world.

Lunch in Iceland? It Doesn’t Have to Break the Bank

So, lunch. That would be nice. Why not the Apotek in Reykjavik?Highly rated. A rather desolate environment, sure…

… but you came here for desolate, right? The bracing subarctic! And there is a fine menu. Why, the hamburger is only about CAD$40. Add a Gull, of course, and it’ll be around $55.

What? That was a whole day’s food budget? Not to worry. There are other options. The road to Seyðisfjörður, for example, or just off to the side, in case there’s a car. Serving travellers for 1100 years.

Neðri Uðafoss

The menu is simple.

Bilberries and Rainwater

Add a Skyr for CAD$2.00…


15 grams of protein!

It even comes with a clever little Chinese folding spoon, which you can keep as a souvenir! And you can wander while you eat.


Efri Selfoss

Bring a coat, though. It’s Iceland! Oh, and dessert is the same as lunch.

But that’s OK, right?

 

The High Price of Tourism in Iceland

We need more rust in Reykjavik! This lovely old antique shop in Reykjavik is now a restaurant. Heck, every building downtown is either a bar or a restaurant, or a coffee shop, well, also a gift shop.

The price of this form of industrialization is history. Reykjavik is now a place where tourists go to  rub shoulders with other tourists. For an industry based on sincerity, that’s dangerous.

More rust, please. Please. Save the glass for the burbs where the Icelanders live. They deserve the light.

Iceland, the Do-It-Yourself Data Hub


1100 years of improvisation beats out the competition any time.

Too Many Clients to Have Time to Update Webpages!

But, don’t take it from me!

“Iceland is a highly competitive location for operation of Data Centres. Iceland has specialized in storage and disaster recovery for foreign companies offering a unique low-cost location for large International Data Centres low corporate tax and highly skilled IT labour. Iceland has built up a large-scale infrastructure that is very well-suited to meeting the new technological requirements of enterprises. This infrastructure has undoubtedly served as a major support for fast growth in the ICT industry and the fast adoption of technological solutions throughout society.”

http://www.made-in-iceland.com.cn/it/

Yeah, like that.  In Iceland, the whole country is wired.

Low Cost Solutions Abound!

” Iceland is a highly competitive location for operation of Data Centres. Iceland has specialized in storage and disaster recovery for foreign companies offering a unique low-cost location for large International Data Centres low corporate tax and highly skilled IT labour. “      http://www.made-in-iceland.com.cn/it/

Yeah!


Don’t let an economic collapse stop you. Just do it!

What Does Icelandic Politics Look Like?

The same as anywhere else. You channel a river system through a hydroelectric dam to power an aluminum smelter for the industrial and economic elite, and deposit the water in the next valley, claiming that all environmental standards have been met… … kill the sacred lake, the birthplace of Iceland’s country and the modern state. This is, of course, called progress. These images were taken in Hallormstaðir, the Town of Rowans, a sacred place a couple hours by foot from Gunnar’s house. It’s a good thing he’s not there to see it!