Ask the uk or the netherlands if they are happy with iceland failing as a nation... | Hacker News

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		bjork on Sept 14, 2011 \| parent \| context \| favorite \| on: What if the Secret to Success Is Failure? Ask the uk or the netherlands if they are happy with iceland failing as a nation.

jisaacstone on Sept 14, 2011 [–]

Not a fair accusation and out of place as well.

Iceland did not "fail as a nation." Simply the financial sector was too large a percentage of the economy. When the financial sector collapsed (as it did in the UK as I recall) so did the economy.

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