As an Icelander I must say this article is terribly poorly written. I don't really understand what this silent revolution is about. Generally speaking, if a "re

As an Icelander I must say this article is terribly poorly written. I don't really understand what this silent revolution is about. Generally speaking, if a "revolution" isn't discussed by any media outlet and cannot be found on Google (in a country where government censorship essentially does not exist) I'd say that it isn't just silent, it simply doesn't exist. There was never a referendum on whether banks should be recapitalized or not, they simply were recapitalized. However there was a referendum on the Icesave deal (about terms of repayments of deposits of UK/Dutch depositors into an Icelandic bank) after the president was petitioned not to agree with the parliament decision to do so. The president formally has power to do this but no president acted on it until the incumbent one in 2004 (50 years after Iceland became a sovereign state) and again in 2010 regarding the Icesave deal. This deal is actually quite different from what the Irish government is currently doing by saving its bank system, the old Icelandic banks did go into bankruptcy in 2008 have since been restarted as new institutions partly owned by the government and partly by the old bankrupt estates. The deal is about sovereign political responsibility and having a national referendum about it is quite paradoxical in my view since the end result is basically asking: Do you want to pay a great deal of money or not? Of course the matter is more complicated than that. And is subject to lengthy spin-filled bullshit ridden politics. About the constituent assembly: It was supposed to have already started but due to legal issues in the elections it hasn't started yet and is in a bit of a limbo. The matter of this assembly is, of course, quite political as well. Finally, the exaggerated comments on "capitalism" and "communism" in the article are very exaggerated. Iceland has conventionally been a nordic welfare state with a strong healthcare system, public school system, etc. The atmosphere before 2008 was leaning towards the right but shifted a bit to the left after the big bank collapse. It feels to me it's shifting back to the right now as people realize that huge tax hikes aren't that great either. Bottom line: this article is terrible, poorly written and not very informative. I don't really understand how it got any attention on HN.