A brief look at the status of Iran’s economy provides an in-depth understanding of how the mullahs’ are the main reasons behind the country’s disastrous and crumbling economy. Major theft and plundering by the ruling mullahs have left no institution untouched and literally no hope to revive the economy back on track. The solution lies in decreasing the mullahs’ control over the Iranian people’s God-given wealth and plundering what may be left.
 

Why Can’t Iran’s Economy Revive?
A Brief & Startling Glance at the Economy in Iran

By Shahriar Kia

American Thinker, 26 March 2016 – Political experts and economists alike are discussing how engulfed Iran is in a dire economic crisis paralyzing the country. While actual reports can hardly be obtained about the true status of Iran’s crumbling economy, a brief glance at what is available provides us an image of the scope of the destruction engulfing Iran’s economic at the hands of the mullahs sitting on the throne in Tehran. This is despite all the promises of change to come following the nuclear pact and “reformists” gaining the upper hand in the sham twin elections in late February.

Major Challenges

A list of harsh and undeniable realities exist in Iran already challenging the country’s economy, with unemployment topping the list and acting as a major barometer of Iran’s economic stability. Iran currently has an unemployment population of around 8 million, of which 4 million are educated, according to various reports from inside Iran. This in itself is a major challenge. To resolve this problem there is a need for over $220 billion in investment, experts and reviews indicate. Where this money is to come from and in what means are further challenges down the road?
Living standards in Iran are yet another major predicament. Dire conditions in the lower middle class in Iran became obvious in the recent sham twin elections. These individuals can barely make ends meet and the Iranian people in general are facing major economic difficulties.
On the issue of economic recession Iran’s industry is entirely in ruins, especially small and medium size units. A minister sounded the alarm by revealing 14,000 productions units have been closed down in towns across the country, one after another reaching the point of complete bankruptcy. The status seen in recession, demand running extremely low, depleting warehouses, returned checks and … provide a dim picture of how ordinary people are facing dead-ends.

Nothing To Boast About

Is there anything left intact in Iran’s economy? The abovementioned facts are merely a tip of the iceberg of the devastation inflicted to what is left of Iran’s economy. Employment and unemployment in Iran is best described by a regime official saying, “We have around 60 million people aging from 15 to 65, of which only 22 million are employed. (Economic participation rates) amongst women is 16 to 18%, and 65% amongst the men, and we have an entire army of unemployed college students. A large portion of the 4 million college students we have preferred to find a job [alongside their studies], and since there are no jobs available they decide to continue their education. However, a bachelor’s degree or a master’s will render no difference in their job status these days, as there are no jobs to go around and these college students are merely filling their time.”
Of course, the actual unemployment numbers Iran are maintained a secret by the ruling regime. In an interview with state IRIB TV a senior regime official by the name of Razzaghi shed light on 15 million people being unemployed across Iran. This is more realistic and down to earth.
Iran has two or three industrial complexes and towns in each province. These sites are full of heavy machinery, water & gas facilities and large labor forces. However, under the mullahs’ regime in Iran all these complexes have been closed down or are working only at a 20 to 30% capacity.

Corruption and Plundering!

With all the elements of production seemingly intact, and considering the windfall of more than $800 billion Iran literally plowed in recent years when the price of oil skyrocketed above $130 a barrel, why is the status quo as we view it to be?
Corruption has become a very social matter these days in Iran, while also spreading its roots deep into the country’s economy, fomenting deep turmoil.. Banks, for instance, are in a quagmire and if conditions are not remedied it can reach a point of no return.
Iran has 3 million employees and 3 million retired employees who have placed their savings in retirement accounts. However, various administrations under different pretexts have plundered these savings for numerous causes, especially terrorism and nuclear ambitions, leaving the Iranian people without any

credible financial credit.

Undeniable is the major predicament the economy in Iran is facing, literally treading on a very fine line. To simply put it, Iran’s economy suffers from two illnesses named corruption and plundering by senior state officials, with every administration coming to power in Tehran having a hand in the people’s pocket. The sole solution to this ongoing phenomenon would be to deprive the mullahs’ of any such possibility to further plunder the Iranian people. This would be a prelude to many other welcomed changes in Iran.