As mentioned before, a law being passed in one small country doesn’t change certain basic facts about how international law operates (nor the politics pulling the strings thereof), but it’s good to see a nation-state upholding the values I hold dear, and which appear to be increasingly unpopular with the bigger players on the world stage.
But then again, Iceland was pretty thoroughly reamed by the economic implosion, and unlike the rest of us, there was no bailout to be had. Maybe that’s what it takes to get a nation to start thinking straight… tough love, Jerry. Tough love.
Now, if Iceland wanted to start selling shares in its national identity to individuals (and hence, by extension, protection by said laws), I think a pretty big queue of geeks and wonks would form right now… myself among them.