Posted 7 years ago on Oct. 22, 2011, 10:32 a.m. EST by ForTheWinnebago
This content is user submitted and not an official statement
Refreshing to hear this coming from the President of a Country.
Take me to Iceland
"This so-called social media has transformed our democratic institutions in such a way that what takes place in the more traditional institutions of power -- congress, ministries, even the White House or the presidency and the cabinet in my country -- has become almost a sideshow," Olafur Ragnar Grimsson, Iceland's president, said in an interview with CNN on Thursday at the PopTech conference here in coastal Maine.
"I know it's a strong statement, especially coming from someone who spent most of his life within those institutions. But the power of the social media is, in my opinion, transforming the political process in such a way that I can't see any chance for the traditional, formal institutions of our democratic systems to keep up."
"One of the lessons is that if you want to grow your economy towards the creative direction of the 21st century, a big banking sector, even if it is successful, is in fact bad news," he said. ...
. "It's one of those countries that's still assuming that anyone who come comes as a friend until proven otherwise, whereas most of the world is moving in a different direction -- assuming everyone is a threat, until proven otherwise."
A creative spirit helped the country recover, as former bankers found new jobs in other industries that are, on the whole, more helpful for the country, he said.