February 15, 2012
Would it be easier to create a sustainable global economy if the world more closely resembled the demographics and geography of Iceland – a volcanic island with a manageably small population and a unique abundance of renewable energy? This was among the many questions raised during a panel discussion at Tipping Point Film Fund’s UK premier of Future of Hope, often referred to as the Iceland documentary.
Since the Nordic country experienced the systemic failure of its entire banking sector in 2008, a number of Iceland’s senior banking executives have been arrested, sacked or sued. Grass roots organisations, including the Ministry of Ideas that was featured in the film, have since hosted a National Assembly of unprecedented scale. The government-backed Assembly was designed to focus specifically on the nation’s next steps; to agree on a set of collective values and to establish a clear vision for how to rebuild their economy from the ashes of the old. While the film did not focus on the Assembly itself, progressives would not be surprised by its outcome: participants emphasised the importance of robust public services, establishing an environmentally responsible and sustainable economy, and ensuring equality and transparency in the country’s future renaissance.