Annual official inflation rate in #Iran now 27.4%, rental deposit for an average apartment now 30x average monthly salary of US$200.00— Asad Yawar (@Mediolana) February 05, 2013
The #Rial has lost 60% of its value since 12/2011, subsidies for staples have been slashed or removed altogether #Green tinyurl.com/a2e2kfc— Asad Yawar (@Mediolana) February 05, 2013
Filed under Economics, Political Science, Politics, Urban Life
Tagged as Arab Spring, Green Revolution, inflation, Iran, Mahmoud Ahmadinejad, Teheran, Teheran property bubble
Inequality causes a lot of resentment. People don’t seem to mind too much if everyone is ‘in it together’, but when that is clearly not the case then people stop trusting government authorities. Human greed is very destructive at political and government levels.
Unfortunately, too many of today’s politicians make cynicism all too easy.
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