Indeed, the flight of capital toward the energy sector cheered on loudly by the right violates the basiceconomic views that have historically animated the more growth oriented side of the political divide.
Although the country is expected to see a modest economic recovery this year, many basic flaws in the social and economic foundations have yet to be resolved.
And there have been periods of economic transformation and upheaval when prosperity and even basic financial security have eluded far too many citizens.
But in basiceconomic terms, Iceland appears to have come out of the crisis better than the other two European countries who came into it with clearly unsustainable amounts of private or public debt: the Irish Republic and Greece.
And I think from the basic that we have been told -- I think we believe that the fundamental of economic growth and prosperous for this is stability of democracy.
For Russia to continue to grow and develop it really is going to have to make a number of difficult, complicated, and expensive reforms to some very basic parts of its economic structure.