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Iran: Totalitarian rule begets totalitarian economy

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The rulers of Iran are losing their patience with the election protests of the last few days. They are selectively tightening their grip on the freedom of the press, freedom of speech, freedom to travel and peaceful marches by disenfranchised voters that believe the reported results of a Mahmoud Ahmadinejad victory were a fraud.

The government is cracking down by not renewing visas for the foreign journalists, confining others to their hotels, and limiting all broadcasts and news outlets.

If anything can be gleaned from this, one only need take a brief glance at history to learn that a nation with totalitarian rule begets a totalitarian economy.

An economy will crash and burn in direct proportion to the amount of freedom removed. Before the leaders of Iran go down this path they should take a closer look at other closed nations past and present. Would the Ayatollahs be happy to become Albania or North Korea?

That will most certainly be the result of their power struggle. The Ayatollahs who want absolute power will not be able to break free from the old adage that absolute power corrupts absolutely. In the end they will be powerless because they will not have two shahi to rub together.

Related stories:
Iran's great potential and its challenges!
Iran will waste four more years
Iranian miracles abound

Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He writes the columns Chasing Value and Serious Money.

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Last updated: November 11, 2009: 03:11 AM

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