Much has been made of Iceland’s economic demise and the stepping down of the then government leadership. Their dramatic and undignified end was widely reported, the male bankers and ministers all shown leaving in a flashbulb frenzy, scurrying back to their multi-million Krona homes.
What a surprise then that little to no mention is made in the North American media of the administration to have taken their place; could it perhaps be because Iceland now holds the crown of having the worlds first openly gay Premier? Perhaps it’s also that Jóhanna Sigurdardóttir, 66 years old and openly lesbian, is working with Björk, famous not just for her music but also for her temperament, creating a Green investment fund.
Perhaps all that combined is just too much, too left leaning, too Green, too far, far out for any ‘serious media’ in N America to bear relating to their precious coddled audience. I’m not certain but in this case my cynicism prevails.
The fact is Sigurdardóttir is the first leader I’ve encountered who is attempting to create a democratic, capitalist model based on a balanced economy which incorporates overtly feminine values. She outlines these feminine values in a recent Guardian article:
“We have five core feminine values. First, risk awareness: we will not invest in things we don’t understand. Second, profit with principles – we like a wider definition so it is not just economic profit, but a positive social and environmental impact. Third, emotional capital. When we invest, we do an emotional due diligence – or check on the company – we look at the people, at whether the corporate culture is an asset or a liability. Fourth, straight talking. We believe the language of finance should be accessible, and not part of the alienating nature of banking culture. Fifth, independence. We would like to see women increasingly financially independent, because with that comes the greatest freedom to be who you want to be, but also unbiased advice.”
Frankly, these values sound no more feminist than they just sound right. Her acknowledgement that economies must be developed from sustainable foundations, operating on sustainable principles is paramount to the future of the entire world economy and not just a feminine viewpoint.
That social responsibility is so intrinsically part of economics itself is something the world should be reflecting on much more seriously than it is.
The failure to begin to address the disparity between industrialised nations access/control to food and water compared to the third-world, and successive failures to truly address climate change and human consumption, all have their roots in social responsiblity: ours to each other on this planet now and to successive generations.
That women should have the benefit of a more equal say in the running of the economy, the planet, is something which i applaud and encourage, however in practice it’s an idea so patently restricted by so many cultures as to remain a dream of generations yet to come.
Sigurdardóttir wants to develop a balanced economy which is based on it’s whole true costs and for that alone she deserves proper recognition. The fact that the worlds media are paying her scant attention could just be because she’ s yet to succeed; it could be because Iceland is too small; the cynic in me thinks it’s much more to do with her being far more heretical than the media know how to handle.