[Marxism] Royalists key to Iranian privatization
critical.montages at gmail.com
Mon Aug 21 12:43:44 MDT 2006
On 8/21/06, Louis Proyect <lnp3 at panix.com> wrote:
> Expats Urged to Participate In Privatization Drive
> TEHRAN, Aug. 16--If Iranian expatriates are encouraged to buy shares of
> state companies, the eight-percent economic growth rate will certainly
> materialize, said an economic expert here on Wednesday.
> Mahmoud Jamsaz told ISNA that the 'genuine' private sector cannot afford to
> purchase shares of state companies, stressing that the huge capital held by
> Iranian expatriates needs to be attracted and injected into the
> privatization drive.
> "There are different estimates of the expatriates' total capital, but what
> is clear is that it is so huge that it will be enough to buy shares of all
> state companies," he said, adding, however, that greater economic security
> must be established and economic rules have to become more transparent in
> order to attract expatriates' investments.
As you know, expatriate Iranians, many of whom are now US citizens,
are not allowed to invest in the key industries of Iran, due to
America's long-standing unilateral sanctions. Talk like above is best
understood as a political rather than economic move, reminding foreign
investors, including Iranian expats, how much they are and can be
losing out on investment due to existing and forthcoming economic
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