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Iris Erlingsdottir

Iris Erlingsdottir

Posted February 8, 2009 | 06:29 PM (EST)

Estrogen Will Not Cure Greed and Stupidity


"... if ideals are not life, and life is not ideals, what are ideals? And what is life?"

Halldor Laxness, "Independent People"


Despite voluminous evidence to the contrary, men do not hold a monopoly on greed, aggression and stupidity.

In Iceland, the gang of thirty or so that made the decisions leading that country's steep rise and precipitous fall were, in fact, mainly male. The recent appointment of Johanna Sigurdardottir as Iceland's first female Prime Minister and the world first lesbian leader would seem to signal an end of an age of male aggression. It is easy to explain away the 2009 uprising of the Icelandic people as the end of the age of testosterone, or to say that the banking crisis would never have happened if women had been in charge, but the reality is much more subtle.

2009-02-08-johanna_sigurdardottir.PHOTO.stjornarrad.is.jpg
Iceland's new PM, Johanna Sigurdardottir. Photo credit: Stjornarrad.is

It is the culture of the elite and greed, not the gender of its leaders, that has led us into the current economic catastrophe. This is a culture that does not believe that the good of the many outweighs the good of the few. It is instead a culture that believed - and still does - that the greed of the individual market participants would form some sort of invisible hand that would magically regulate the markets better than any legislative or regulatory body could.

The investment advisers and their political allies viewed themselves as Nietzschean beings who were not subject to the rules that bound the masses but rather were obliged to form their own moral code. Obviously, these supermen were entitled to any financial rewards they could grasp and were not bound by such trivial concerns as national pride, religious dogma, or civil law. Like the Egyptian pharaohs, the only loyalties they recognized were to their immediate families and to one another.

Like the pharaohs, they built monuments to their greatness. They basked in the glow of publicity conferred upon them by the media they owned. They gave themselves extravagant parties that cost several times the average worker's annaul salary. They gambled the life savings of the ordinary people on foreign companies, so that their renown would extend to distant shores.

Now, that it has become clear that the beliefs underlying this culture are horribly wrong, it is not enough to replace its male members with female members of this same culture. Change must come from a completely different place.

Iceland was, not so long ago, a flat, homogenous society. The children of the richest people went to public schools with the children of its ordinary citizens. The largest house wasn't that much bigger than an average house. At some time in their lives, most young men went to sea on fishing boats, and most young women worked in the fish processing factories. Foreign vacations were the exception, not the rule.

The children of my generation, however, began to hold themselves apart from the rest of us. They did not work with fish. They received their educations abroad. They do not eat our traditional foods. Their high positions were given to them by right of birth, rather than by merit.

Iceland is not America. We are bound by a common history, a common ancestry, and a common language, not by the ideals of liberty and equality. When the bonds that hold us together are broken, there's nothing left. Americans can reasonably argue about different ways to best realize the dream of freedom, but you do not disagree on that dream itself. Icelanders, however, are nothing without a sense of community.

Members of the elite-greed club are not bound to the rest of us by this sense of community. They are Icelanders only by accident of birth and feel no existential obligation to our nation. They were willing to sacrifice the nation's wealth to enrich themselves, but they will not sacrifice their wealth to save their countrymen. They belong to a transnational class of plutocrats, and have forfeited their right to participate in our attempts to remedy the harms they have wrought on our society.

Having a woman Prime Minister and an equal number of male and female cabinet ministers is all good. But any positive changes Johanna and her female colleagues will bring about will be because they are in tune with the values of society at large, rather than the values of the current ruling elite. Not because they are women, but because they are Icelanders.


"... if ideals are not life, and life is not ideals, what are ideals? And what is life?" Halldor Laxness, "Independent People" Despite voluminous evidence to the contrary, men do not h...
"... if ideals are not life, and life is not ideals, what are ideals? And what is life?" Halldor Laxness, "Independent People" Despite voluminous evidence to the contrary, men do not h...
 
 
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03:00 PM on 02/09/2009
I thank the author for this insightful article into Iceland, a country many of us know too little about. I'm sure there are different views about all the causes of it's economic state, as there are many contributing factors to the problems with various world economies right now, but this article was thought-provoking and interesting.
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HUFFPOST COMMUNITY MODERATOR
Virginia Plain
08:45 AM on 02/09/2009
Excellent article. Thank you.

I still shudder when I think of the destruction caused by a former Prime Minister here in the UK. The delightful Margaret Thatcher!

Thatcher's values were simple - make the rich richer, the poor poorer; destroy the power of the trades unions; privatise (by selling off, for a pittance of their true value) all the nationalised industries; destroy the National Health Service and divide the UK into THEM and US.

She achieved all she set out to do (backed by a Cabinet of doting men) and is now ranked as the most hated UK politician ever.

So, you are quite right, the gender of a leader menas nothing when it comes to the culture of the elite and greed.

Love of money is the root of all evil!
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HUFFPOST COMMUNITY MODERATOR
Virginia Plain
09:14 AM on 02/09/2009
Oops!

for menas, read means.
HUFFPOST SUPER USER
Nanaama
05:05 AM on 02/09/2009
Excellent blog, Iris.This sort of elitist behaviour has nothing to do with gender. Women are not openly aggressive as a rule, but make no mistake, they can group themselves to take advantage of the less fortunate and behave insidiously in ways detrimental to the society as a whole if the need arises.They can be just as corrupt as men.Perhaps, the lessons learnt from this financial meltdown, will force a change in thinking about the dangers of unregulated free market, regardless of the gender of the leaders.
04:36 AM on 02/09/2009
A very erudite synopsis of the current crisis!
08:54 PM on 02/08/2009
I would argue that women in general are not as greed-driven as their male counterparts.
I base this largely on my experience that although some women fit the description of egoistic psychopaths ---as self-serving as any power- and riches-mongering male --these women are fewer in number and less apt to communally band together. They are, like their male counterparts, desirous of getting what they can, without much regard for its effect on others, and they are clever manipulators of a system.
But most women are not so driven. And most women are concerned with longtime effects------they tend to think about what is best from a more encompassing perspective. Their sense of nurturance and regard for how their judgment will affect future generations means they promote the common weal as guidance for their decisions.
And a group of such women will not be snowed by the power-seeking antics of the psychopaths among them----those values do not fit a community mindset, and I think they would reject them and disallow their connivances.
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HUFFPOST SUPER USER
mommadona
I paint. I blog. Therefore, I am.
07:49 PM on 02/08/2009
"It is the culture of the elite and greed, not the gender of its leaders, that has led us into the current economic catastrophe. This is a culture that does not believe that the good of the many outweighs the good of the few. It is instead a culture that believed - and still does - that the greed of the individual market participants would form some sort of invisible hand that would magically regulate the markets better than any legislative or regulatory body could."

EXCELLENT description of the situation.

Now, for a classic picture:

http://www.library.gsu.edu/spcoll/spcollimages/labor/19clabor/Labor%20Prints/79-40_21.jpg
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HUFFPOST BLOGGER
Iris Erlingsdottir
journalist and writer
08:54 PM on 02/08/2009
That is a great cartoon! Now we need a cartoonist to insert the 3rd cartoon onto there!
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HUFFPOST COMMUNITY MODERATOR
newmexicogold
07:33 PM on 02/08/2009
It must be difficult to watch your shared history and culture be distorted by greed. America has long lived with the people who feel that they are somehow a privelged elite. We have the tendency to be awed by their evploits - Paris Hilton for example. Perhaps since many of us descend from English families, we also have a fascination with nobility, which is how many of the wealthy like to think of themselves.

As your country begins to rebuild its finances, a suggestion for your leaders. Make changes in the laws regarding financial regulation contain a provision that future changes in regulations must be held by a national referendum. This is the essence of democracy - that all men and women vote on a significant issue. I know that Iceland is considered a Republic, but your constitution has provisions for amendment.

Keep up the fight.
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HUFFPOST BLOGGER
Iris Erlingsdottir
journalist and writer
09:14 AM on 02/09/2009
We are such a small community, only 300,000, that this is more than difficult, it is heartbreaking. Icelanders are like a big family, we may not all like each other, but we are bound by ties that go way beyond a shared nationality. I know from my experience of having lived abroad for a long time that no matter what, you always looked out for your countrymen (I´m speaking for myself, of course, and those closest to me). I´ve received calls from total strangers in Iceland, students or parents whose kid was going to college in LA or wherever I was living, asking for advice. Icelanders help get each other settled in abroad, we pick each other up at the airport, etc. etc., for no other reason than that we are Icelanders. Friendship may or may not develop later, it doesn´t matter. This is family - you take care of your own.