The Iranian economy is failing again

The Iranian regime has tried to convince people that sanctions are the sole reason for the failing economy, but because of infighting amongst the various factions,

many officials and even the state-run media have acknowledged that institutionalized corruption and the bizarre economic structure in the country as the real reason for the freefall.

The state-run Mardomsalari daily wrote: “We have an extremely failed and fallen economy. The main reason is the currency shock and the plundering of the economy by semi-private companies and banks. Sanctions have become an excuse for some people to plunder the country. We suffer from both foreign and domestic sanctions and those who profit from this situation.”

For years, the Revolutionary Guards (IRGC) have, by order of Supreme Leader Ali Khamenei, seized Iranian companies under the guise of privatization; something that president Hassan Rouhani admitted in 2017,  calling the IRGC the ‘armed government’ and saying that the private sector cannot compete.

Some examples of this are the Haft Tappeh Sugarcane factory in Khuzestan Province and Hepco Company in Arak; both of which seen massive strikes by workers who have been denied their wages for months.

Meanwhile, the regime is also trying to sell oil futures to the Iranian people to make up for the budget deficit because they cannot cut down on the amount of money they send to terrorist groups across the region.