Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.

Conventional wisdom says that the Democratic Party’s chances in next year’s midterm election will mostly depend not on terrorism, not on healthcare, but on simple economics. If the economy is improving, they’ll do OK.  If it’s not, they’ll get hammered.

Juan Cole suggests this dynamic may be playing out in Iran as well, where this weekend’s demonstrations have grown ever bigger and more violent. Ideology may seem to be at the forefront, but the economy is probably playing a big role in the background:

Richard Spencer of the Independent reports from Dubai on the darker side of Sunday’s events, as crowds went on rampages, setting fire to banks, government buildings and even a local police station….

The report of attacks on banks makes me think that there is an economic dimension to this uprising. President Mahmoud Ahmadinejad’s profligate spending had provoked very high inflation last year, up to nearly 30%. Although the government maintains that inflation is now running 15%, that is still a hit that average families are taking, on top of the high prices of last year.

….Moreover, as as Robert Worth recently reported, the government has been threatening to remove subsidies from staples. I was in Egypt in January of 1977 when President Anwar El Sadat stopped subsidies under pressure from the IMF, and it threw the country into 3 days of turmoil from Aswan to Alexandria. Iranians have been upset by this talk of no more subsidies and it may have fed economic anxieties already inflamed by the high inflation (in fact, removal of subsidies is essentially a form of price inflation for consumers).

More at the link.

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate