Globalisation in reverse

The Icelandic Fisheries Minister was at a conference and asked his collegue from Switzerland why they had a fisheries minister since they had no ocean surrounding the country.

The Swiss replied, “Why do you have a finance minister?”


“Bankrupt Iceland is taking “jingle mail” to a new level. Rather than post keys through the letterbox and leave an over-mortgaged home, a third of Icelanders say they want to leave their over-mortgaged country.
This is globalisation in reverse: when international capital departs a country, labour wants to go with it.”

From the Financial Times


1 Response to “Globalisation in reverse”

  1. 1 Roy November 21, 2008 at 7:02 pm

    An excellent read from the author of “Liar’s Poker”. Take the time, you’ll learn!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: