Iceland, a morality play

Quoted for truth as they say on teh internets:

There really, really is no case to be made for the "plucky lickle Icelanders". It's notorious in the Nordic region for being a boastful little country with a selfish streak a mile wide, and when they elected successive governments of neoliberal chancers, they knew what they were doing.

From D-squared digest. The grown-up version is at Crooked Timber.