RFERL:

The victors of the 1979 Islamic Revolution of Iran believed in an economic miracle and assumed they would be reaching their Utopia in no time based on Islamic fundamentalism and their motto of “neither East, nor West” Article 12 of the Constitution of the Islamic Republic of Iran sets the regime's objectives as "A fair economy based on Islamic criteria to create welfare and eliminate poverty and deprivation in the areas of nutrition, housing, employment, health and insurance."

After forty years, the dreams are gone and nightmares have remained. These nightmares are not the result of war and sanctions. It is Iran's economic as well as domestic and foreign policies that have prevented the country's modernization and hindered the flourishing of its capabilities. These nightmares include:

​1.​An Over-Controlling Government

A modern country needs a small, agile, rational and honest government and a legal and political system that would open the doors to freedom of business and fill any void in the market where needed. But the Iranian economy is controlled by the government, overburdened by costly operations. The government itself lacks self-confidence and suffers from a lack of popular trust. At the same time, it constantly intervenes in whatever sectors that are still not directly under its control. The Heritage Foundation has ranked Iran 156 among 180 countries in terms of economic liberties.

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