On The Media: Transcript of “All Journalists Go To Heaven” (February 19, 2010)
This week, a new group called the Icelandic Modern Media Initiative, also known as IMMI, proposed legislation that would make Iceland exactly that journalistic haven, to news organizations what Switzerland is to the very wealthy.
Why Iceland, perhaps you wonder? It all goes back to the economic crisis. In 2008 and 2009, Iceland’s economy collapsed, due in part to risky and unethical behavior by the country’s biggest banks, behavior whistleblowers and journalists could not reveal for fear of lawsuits. The lesson? Too much secrecy brought down the economy.