As the Western world frets and fawns over how to help 'the rest' (while staying rich, obvi), evidence is beginning to suggest that maybe they might have to start helping 'their own'. Shocking news out of Iceland - who, with a predicted 8.5% slump in the economy this year, will be at the bottom of the exclusive 33-country list of 'developed' nations.
This article suggests a massive consequence on this nation's Western psyche.
Icelanders like Jon Ogmundsson have endured many hardships in the last year, including soaring inflation, rising unemployment and a banking crisis so serious the country nearly declared bankruptcy.
Now Iceland's battered economy is claiming one more victim – McDonald's.
That's right: A developing nation will soon be without a Mickey-Dees. Even Dambisa Moyo might push for aid intervention to avoid such a travesty.
Regardless of the inane nature of such news, I do think that the accompanying graphic depicting countries purchasing power of Big Mac's, McChicken et al is interesting for a number of reasons.
How many African nations sport the golden arches?
How long until Liberia gets infiltrated?
(Props Liz for the article)
2 weeks ago