‘West econ. woes due to Capitocracy’ - Gayo Lues

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei

Tue Aug 7, 2012 8:6AM
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The increasing current economic problems and pressures in the West and Europe stem from the nature of the capitalist system, namely the Capitocracy.”

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei

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 on Monday.

The Leader made the remarks in a meeting with a group of Iranian student activists.

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.

MYA/GHN/HJL

source: Presstv.ir

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