Ahmadinejad: Capitalism on the verge of collapse
Here’s what Iran’s president had to say at a summit of the Central Asia’s 10-nation Economic Cooperation Organization: "After the collapse of the closed socialist economy, the capitalist economy is also on the verge of collapse," Ahmadinejad said in a speech. "The liberal economy and the free market have failed," he said, pointing to the ...
Here's what Iran's president had to say at a summit of the Central Asia's 10-nation Economic Cooperation Organization:
Here’s what Iran’s president had to say at a summit of the Central Asia’s 10-nation Economic Cooperation Organization:
"After the collapse of the closed socialist economy, the capitalist economy is also on the verge of collapse," Ahmadinejad said in a speech.
"The liberal economy and the free market have failed," he said, pointing to the use of "thousands of billions of dollars" to bail out Western banks and companies.
Ahmadinejad proposed a single currency for the region to facilitate trade, though I’m not sure if even he’d go as far as Kazakh President (and fellow ECO member) Nursultan Nazarbayev’s global "acmetalism" idea. The ECO definitely seems like a contender for the world’s most outside-the-box regional trade federation.
Joshua Keating was an associate editor at Foreign Policy. Twitter: @joshuakeating
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