Alas, poor Krona, I knew him well…
Has anyone been to Iceland lately? It was one of the most expensive places in the world to visit, a beer costing upwards of ten to fifteen dollars at a swanky Reykjavik club. Now it might actually be affordable to visit, although their descent into complete socialist police-state is probably underway as we speak.
- Waking up to reality in Iceland »BBC NEWS | Europe
Socialism means no one feels responsible for the consequences of their choices, so waste and rampant risk taking completely out of context to reward flourish, and disaster soon follows.