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Governments Ruin Economies

December 29, 2010

from Stratfor:

‘It is not surprising that for decades, Iran has dedicated nearly a quarter of its gross domestic product to subsidize essentials.’

Think long and hard about that fact, the Iranian government distorts the economy in order to control the population and maintain some sense of security for the regime.

Doubt the truth? If after many decades the economy still needs 25% of the GDP moved around to satisfy basic needs how effective is the government?

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