Nations of bankers and Brexiteers? Nationalism and hidden money

• Published in: Race & Class
• Main Authors: Loftsdóttir, Kristín, Mixa, Már Wolfgang
• Format: Article in Journal/Newspaper
• Language: English
• Published: SAGE Publications 2021
• Subjects: Iceland
• Online Access: http://dx.doi.org/10.1177/03063968211033525; https://journals.sagepub.com/doi/pdf/10.1177/03063968211033525; https://journals.sagepub.com/doi/full-xml/10.1177/03063968211033525

This article examines the relationship between nationalistic mobilisations, hidden funds and undisclosed campaign contributions, commonly known as dark money. Contextualising Brexit alongside the Icelandic economic crash of 2008 shows how nationalist mobilisation and racism can secure economic and political interests for a small minority and thus create space for what Zygmunt Bauman has called ‘evasion’ or ‘slippage’ as a primary technique of power in the present. Both the build-up to Brexit and the Icelandic economic crash were characterised by a strong national-centred rhetoric of ‘us-the-nation’ versus ‘others’ that diverted attention from massive minority interests, which had access to hidden funds. The Panama Papers showed that many of the same people celebrated in Iceland as the embodied representation of the country were simultaneously moving money into tax havens. Exposés have also revealed the way that dark money secretly funded campaigns using anti-migrant racism to facilitate the Brexiteers’ longer-term interests.