"Mjoll Snaesdottir, an Icelandic archaeologist", would agree with you.

FT.com / Europe - Icelanders confused on repayment vote

"We've been through many hardships in the past and we'll get through this one," says Mjoll Snaesdottir, an Icelandic archaeologist. She is unsure how to vote but says Icelanders cannot escape responsibility. "It was us that elected the governments that created the crisis."

Then an interesting follow-up:

Ms Snaesdottir says future archaeologists will puzzle over artefacts from early 21st-century Iceland to work out why a nation blessed with natural resources chose instead to focus on financial services.

Actually, while it's turning out badly for 318,000 humans who currently live on Iceland, focusing on financial services rather than natural resources is probably better for the planet in the long term.

The march of civilizations is a series of defenses that man has put up against the dread of pure existence.