The Hill News

As the Islamic regime of Iran gears up this week to celebrate its 32nd anniversary, the people of Iran face monumental economic challenges similar to those faced by other countries in the region like Tunisia and Egypt. The economy is feeling the sting of sanctions with shortages, unemployment, layoffs and inflation fears creating a widening gap between the regime and the people. Indeed, the regime is facing its toughest challenge â€" its 32-year monopoly may be about to be busted wide open.

Theoretically, Iran should be ranked among the world’s top five economies (assuming an average annual 10 percent growth rate since 1978). Unfortunately, the reality is that over 30 percent of its citizens struggle to survive and live below the poverty line.  

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