For years, the international community has pressured Iran to throw out its alleged nuclear weapons development program and has imposed crippling economic sanctions as a tool for compliance. Two week-long talks have just resumed with the Islamic Republic, yet little is expected to come out of them. Sanctions have only continued to mount in recent years, blocking both individuals and firms from engaging in many commercial interactions with Iran, further solidifying its ongoing economic disaster. If Iran elects to agree to a settlement on the nuclear proliferation issue, lifted sanctions would mean more access to the global free market, culminating in prosperity for the Islamic Republic and its citizens and furthering capitalist ideals into a new state. Yet a faith based argument poses the greatest challenge to Iran adopting a more free market philosophy.
This poses the question: Why are the ruling theocrats so disinterested from partnering with free market states? Such is best addressed by the Ayatollah Khomeini, leader of the 1979 Islamic Revolution, who wrote in his last will and testament:
Islam does not approve of an oppressive and unbridled capitalism that deprives the oppressed masses who suffer under tyranny. On the contrary, it firmly rejects it both in the Qur’an…it considers it against social justice.
But is capitalism tyrannous and against the tenets of faith? Simply put, no. Too often, capitalism is misinterpreted as a policy of corruption and injustice – as has also been illustrated though Pope Francis’s belief that society has developed “a crude and naïve trust in the goodness of those wielding economic power.” (more…)