A useful article to understand how the mullahs ahve the economy tied up in knots and the resulting welfare state they have created. This allows them to retain 'control' over the people.
I wonder how long this can last? Billions in oil money available and a large portion of the population living off the government.
When and how will the next revolution occur?
"Iran is awash in oil money, as the price of crude topped $60 a barrel this week, pumping billions into the government treasury. But this country's economy is still tied down by a system in which the state and a shadowy collection of foundations controlled by clerics monopolize the vast bulk of its industries, including oil.
With all that money effectively locked up and a state budget weighed down by subsidies, there is little to spur the kind of private sector growth..."
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