The Icelandic Modern Media Initiative, an effort that grew out of Iceland’s financial collapse in 2008, was passed by Parliament in 2010. Iceland was one of the hardest-hit countries in the world when the financial crisis happened and they’re serious about ensuring that it doesn’t happen again. The failure of journalists to properly investigate the sudden boom is considered a key factor in the collapse. The initiative, shepherded by the Icelandic Modern Media Institute (IMMI) aims to make Iceland the safest country in the world for journalists. IMMI seeks to collect and enact the world’s best free speech and privacy laws and thereby ensure that Iceland becomes a bastion of free speech in an era where surveillance runs rampant worldwide.