Flokksráðsemi

Flokksráðsemi refers to a political concept originating in Iceland, roughly translating to "party enterprise" or "party business." It describes the practice of a political party engaging in commercial or business activities to generate its own revenue, rather than relying solely on state funding, donations, or membership fees. This can involve a party owning and operating businesses, investing in companies, or managing assets with the explicit aim of financial self-sufficiency and to fund its political operations.

The concept gained particular prominence in Iceland during the late 20th and early 21st centuries. Proponents argue that flokksráðsemi can enhance a party's independence from external pressures and ensure its long-term viability. It allows parties to maintain consistent funding for their activities, regardless of electoral success or changes in government subsidies. Critics, however, raise concerns about potential conflicts of interest, the blurring of lines between political and commercial spheres, and the ethical implications of political organizations engaging in profit-driven ventures. They argue it could lead to corruption or prioritize financial gain over public service. The extent and nature of flokksráðsemi can vary significantly, and its legality and ethical standing are often subjects of debate within the political landscape.