| Submit your comments on this article |
| Syria-Lebanon-Iran |
| Subsidized economy 'root of Iran problems' |
| 2009-02-20 |
| A senior Iranian official has criticized Iran's "subsidized economy", saying the system is the root of the corruption in the country. Head of Iran's General Investigation Organization Mostafa Pour-Mohammadi called on the government to loosen its grip on the economy and implement Article 44 of the Constitution to ensure economic development. According to Article 44 of the Iranian Constitution, the economic system shall be based on public, cooperative and private sectors, with proper and sound planning. All large-scale industries, mother industries, foreign trade, large mines, banking, insurance, power supply, dams and large irrigation channels, radio and television, post, telegraph and telephone, aviation, shipping, roads, rails and the like are public property and at the disposal of the government. "What the country is witnessing in the field of the economy is the fruit of inexpert analysis ... that created many problems for the country," Fars news agency quoted the former interior minister as saying. Iran's Majlis Speaker Ali Larijani on Feb. 14 urged the Ahmadinejad administration to loosen its hold on economic affairs and let the country move toward privatization. "For the sake of the country's economic development, the government should allow the people to take control of economic affairs," said Larijani. Iran's economy, which is controlled by the government, is vastly dependent on oil as it accounts for 80 percent of the country's foreign exchange revenues. |
| Posted by:Fred |
| #6 Ditto BP. Virtually everything said could easily apply here especially to the Obamanation. |
| Posted by: AlanC 2009-02-20 11:10 |
| #5 Try going a little deeper and about 1400 years back. |
| Posted by: ed 2009-02-20 09:02 |
| #4 They will happily run the entire nation into the ground in order to stay in power. But not soon enough. |
| Posted by: g(r)omgoru 2009-02-20 08:33 |
| #3 Subsidized economy is also at the root of why the mullahs are still in power. They will happily run the entire nation into the ground in order to stay in power. |
| Posted by: gromky 2009-02-20 06:05 |
| #2 Subsidized economy is also at the root of why the mullahs are still in power. They will happily run the entire nation into the ground in order to stay in power. |
| Posted by: gromky 2009-02-20 05:46 |
| #1 and America's too! |
| Posted by: Bright Pebbles the flatulent 2009-02-20 04:29 |