Sunday, October 12, 2008

Crisis in Iceland- the hot soup that was boiling for a while

The collapse of the Iceland economy, sudden as it seems to those of us who reside outside of Europe, has been foretold many months ago, as reported by the International Herald Tribune in an article dated 17 April 2008.

For those of us residing in Asia and have witnessed the financial crisis in the 1990's, it is much the same- an economy built on borrowed money and time.

I wonder if Multi-Level-Marketing is recognised as unethical business model for private individuals and enterprises, why is the concept, when applied to international finance, deemed acceptable and legal?

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