Iceland, 2008

from by David Rovics



Sometimes massive economic crises can inspire a people to become wonderfully creative, and think outside the capitalist box a bit.


Iceland is an island with half a million or so Vikings
Mostly known for volcanoes, hot springs and fishing
Known for its welfare state, for being good and socialistic
Certainly not known for being corrupt or nepotistic
But in the USA and Europe when they were deregulating banks
Iceland's politicians took bribes and joined their ranks
Soon you had a situation, one would think just couldn't be
A bank whose debt was worth ten times the country's GDP

When Wall Street imploded, sure enough it spread
Banks all over the world were floating in the red
All over the world, governments made the plan
To cut spending and raise taxes on the working woman and working man
The banks were bailed out while the people had to pay
But in Iceland people thought there must be a better way
And the Earth stood still a moment, fear was struck in every toff
When Iceland told the bankers to fuck off

Folks were in the streets in Reykjavik and just couldn't be ignored
They said this is a debt we Icelanders can't afford
Let's guarantee deposits of all our people, yes indeed
But as for all the speculators motivated by their greed
To make really dumb investments, to them Iceland said good luck
Sorry for your losses but we don't really give a fuck
The 1% all trembled when they took away the trough
When Iceland told the bankers to fuck off

The UK called them terrorists, said we cannot let this stand
Who do these peacenik blonds think they are in Iceland
They threatened isolation, an economy in flames
But the Icelanders said sorry, but the banks can settle their own claims
Though that might be harder for them now that they're under house arrest
Or else they fled the country, as they were most unwelcome guests
And now Reykjavik's recovery just makes the fatcats sputter and cough
Since Iceland told the bankers to fuck off

If you haven't heard of this example, perhaps there's a reason why
The owners of the world don't want this kind of shit to fly
They say we all must pay up in this shakedown by the mob
If we can't afford to pay the rent 'cause we don't have a job
They say it's not their problem if we're forever shackled by their debt
We must save the 1% from the fate they should have met
But there is an alternative, though it makes the fatcats scoff
That Iceland told the bankers to fuck off


from Spies Are Reading My Blog, released November 4, 2013




David Rovics Portland, Oregon

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