Iran Feature: Could the Economy Bring Down Ahmadinejad...and the Regime? (Setrakian)
Thursday, July 7, 2011 at 8:01
Sanctions are biting harder than ever, but business still gets done through the leaks and loopholes. So it’s not changing the regime’s behavior where it counts: on its nuclear policy, specifically, its accelerating enrichment of uranium. President Mahmoud Ahmadinejad’s policies have been largely bad for business and made life harder for most Iranians. Together, that could get Ahmadinejad booted from office, but it probably won’t topple the regime. Iran is rolling in oil money – a salve for all its economic wounds. But Iran can’t effectively tap the wealth underground, given the bans on foreign investment in the energy sector. That, combined with overall mismanagement, makes Iran’s economy is “fundamentally unsustainable,” in the words of one analyst – a “patient with many viruses.”