Iran says capitalism dies, prefers its people poor

Posted: March 17, 2009 by Jonathan Boyko in Iran
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Poor in IranMahmoud Ahmadinejad thinks capitalism is dead and that the free market idea has failed. Iranian President made this remark during the Economic Cooperation Organization’s meeting in Tehran:

Iranian President Mahmoud Ahmadinejad told regional leaders meeting in Tehran on Wednesday to discuss the global economic crisis that the capitalist system was close to collapse.

Opening a one-day summit of the 10-nation Economic Cooperation Organization (ECO) including Turkey, Pakistan and other neighbours, he also suggested a “single currency” should be used in trade between the group’s members.

“After the collapse of the closed socialist economy, the capitalist economy is also on the verge of collapse,” Ahmadinejad said in his televised speech.

After that, Ahmedinejad made a great proposal: create a single currency among the ECO members. Yeah, right, because it worked so well in Europe.

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