West Economic Problems Stem from Capitalist System

Wednesday, August 08, 2012

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says the West’s economic problems stem from the essence of the capitalist system, which is the proclivity for wealth over other matters.

“The increasing current economic problems and pressures in the West and Europe stem from the nature of the capitalist system, namely the Capitocracy,” Ayatollah Khamenei said.

Ayatollah Khamenei, however, stressed the importance of preventing the socialist views from dominating economic thoughts.

“If the policies related to the Article 44 of the Iranian Constitution are implemented within the determined framework in which they were explained, they will definitely not end in a despicable capitalism playing a central role in the country's macro-level decision making,” noted the Leader.

Ayatollah Khamenei added that the economic outlook in the country must be based on justice and the issue does not run counter to the policies of the Article 44.

Ayatollah Khamenei further pointed out that the policies of the Article 44 of the Constitution complement the justice-based economy.