Iran at the Crossroads
By Firoze Hirjikaka, published Jun 26, 2007
Published Content: 275 Total Views: 26,987 Favorited By: 19 CPs
And why are Ahmadinejad and his black-robed masters worried? Because Iran's economy is in a mess. This is particularly inexcusable, since Iran is not one of those basket-case Islamic countries, like Sudan or Aden. Iran is literally sitting on a sea of oil. The country's oil reserves are second only to Saudi Arabia and far greater than those of Iraq. Like the cash rich Saudis, Iranians should be awash in petrodollars. Ordinary Saudi citizens have most basic services provided free of cost by their government; and most of them do not even pay income tax. Ordinary Iranians, on the other hand, are seeing a steady downward curve in their standard of living. Before the Islamic Revolution, one US dollar would fetch you 70 Iranian Rials; now it will get you more than 9000. Not surprisingly, inflation is going through the roof. Ahmadinejad's government had promised economic prosperity for the people; not an unrealistic goal considering that Iran is the world's second largest oil producer and oil prices are going up all the time. However, it has failed to deliver on almost all fronts. The supreme irony is that Iran is now seriously considering rationing gasoline.
More by Firoze Hirjikaka
View all »
You may also like...
- American Opens Opportunity for Women at the Kabul Beauty School
- First-Person: 44 Years of New Hampshire Politics
- His Points in Time: Fred Thompson's Role in Nixon's Watergate--and the Irony of His Attempt to Rebui...
- Is the United States Headed for an Isolationist Foreign Policy?
- Domestic Policy Being Lost in the Shuffle
- The 1980s: A Flashback to 1980s Trends and Pop Culture
- Herbal Medicine in Iran
- Iran - History
- Iran 2010
- New Book Seeks to Prevent World War III with Iran
Most Commented On



Candida Bohnne-Eittreim
Add a Comment
Posted on 06/26/2007 at 1:06:00 PM