Wednesday 10 January 2018

Iran’s economy is perpetually on the brink | GulfNews.com

Iran’s economy is perpetually on the brink | GulfNews.com:

"How would the turmoil in Iran affect the economic and living aspects, reflected the extreme poverty suffered by a vast majority of its people despite having the natural and human resources to build an advanced economy and achieve high living standards? Why an upheaval happened earlier during the 40 years of mullah rule remains an important question. But what has happened is the other way round. The living standards of most Iranians have deteriorated since the fall of the Shah. Millions have joined the ranks of the impoverished, destitute and homeless due to the corruption, mismanagement, capital flight, drying up of domestic liquidity, and militarisation of the economy. History clearly shows that the system in any country would inevitably collapse if its economy were militarised and ideologized. The examples are many, the most recent being the disintegration of the Eastern Europe bloc, which was prompted into a feverish arms race that exhausted those countries through unproductive investments."



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