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[Asia Times-Hong Kong] Spengler - The present financial crisis is painful for most of the world but deadly for many Muslim countries. Iran's President Ahmadinejad controls Iran through a kleptocracy of Central African proportions, dissipating the country's oil windfall into payoffs to an entire class of hangers-on of the Islamic revolution. Iran's regime cannot reduce subsidies or raise taxes without losing control of the constituencies that brought it to power. Iran must break down or break out, through a military adventure. 2008-12-16 08:00:00Full Article
The Failed Muslim States to Come
[Asia Times-Hong Kong] Spengler - The present financial crisis is painful for most of the world but deadly for many Muslim countries. Iran's President Ahmadinejad controls Iran through a kleptocracy of Central African proportions, dissipating the country's oil windfall into payoffs to an entire class of hangers-on of the Islamic revolution. Iran's regime cannot reduce subsidies or raise taxes without losing control of the constituencies that brought it to power. Iran must break down or break out, through a military adventure. 2008-12-16 08:00:00Full Article
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