No Short-Term Remedy to Irans Economic Challenges

Details: Published on Wednesday, 21 October 2020 03:44; Written by editor

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A Socialist Project e-bulletin ... No. 2221 ... October 21, 2020
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No Short-Term Remedy to Iran’s Economic Challenges

Cyrus Bina

Iran’s economy has never been more vulnerable and fragile. Last month, President Hassan Rouhani complained that the United States has been waging “economic warfare” against Iran by slapping sanctions on the country’s energy, finance, banking, industrial, and shipping sectors.

In a bid to isolate Iran further, amputate the remaining ties between its financial institutions and the global banking system and prohibit the access of the government in Tehran to much-needed hard currency, the United States on October 8 introduced a new set of sweeping sanctions targeting eighteen Iranian banks that were not previously targeted with punitive measures.

The following interview about the combination of mishandling of the Iranian economy by the Islamic Republic government, which in large part purposefully and insistently reinforced by American sanctions shortly after a green light to a handful of known Islamist contacts prior to the Guadeloupe conference (January 4-7, 1979 in Gusdelupe) that turned the tides against the Iranian Revolution, endorsing Ayatollah Khomeini (and handpicked government of Mehdi Bazargan),... and predictably demolishing a secular revolution that was long in the works and had begun in 1978 and 1979 against the inheritor of the 1953 CIA coup that installed the dictatorial regime of the Shah for the next twenty-some years hence.