Iceland and ireland, like a great many other countries, allowed their banks to behave irresponsibly.
This, right here, is the evidence that their governments weren't quite as effective as we thought beforehand.
If one is doing something badly wrong, the other is probably doing something right.
This doesn't follow. It might be that both, one, or neither have responded sensibly to the crisis. Different circumstances call for different measures, and all that. And "bail out" or "let fail" isn't the complete universe of policy measures.
Iceland and ireland, like a great many other countries, allowed their banks to behave irresponsibly.
This, right here, is the evidence that their governments weren't quite as effective as we thought beforehand.
As compared to all those countries where wise regulators ensured wise bankers.
Recently the relatively awesome entrepreneur invested 1.25 million USD into this (seasteading institute website here).
It seems such a wonderful concept, finally somewhere where new forms of government could be tried out. But I'm just wondering how in the world they hope to deal with existing governments since their reaction to any kind of serious alternatives, especially one that either economically or ideologically presented a significant challenge, is bound to not be positive.
I was just wondering what LWer thoughts are on this matter? Also has there been any discussion of seasteading in the past that I've missed? Also I'm wondering if anyone would hazard to perhaps offer a prediction or judge how likley this is to succeed (maybe on predictionbook)?