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Iran's President Mahmoud Ahmadinejad spoke1 Wednesday at the opening of the Economic Cooperation Organization summit in Tehran that brings together 10 regional countries.
Mahmoud Ahmadinejad (file photo)
President Ahmadinejad blamed the West for the global economic meltdown, declaring that capitalism2 has failed and that the capitalist system was close to collapse3.
"After the collapse of the closed socialist4 economy," he said, "the capitalist economy is also on the brink5 of disintegration6, and despite all the efforts taken to save capitalism, the situation is hopeless. It is clear that the same principles which have triggered the collapse cannot be used to reverse it."
Mr. Ahmadinejad noted8 that capitalist organizations across the world have pumped hundreds of millions of dollars into the market to save major corporations and banks but they have not yet admitted that capitalism has failed.
During Wednesday's summit, Mr. Ahmadinejad also called for greater regional economic integration7 and urged member states to begin discussing the establishment of a single currency and a bank that would promote trade. Iran's closest neighbors and key trading partners, include Pakistan, Turkey, Iraq, Afghanistan, Azerbaijan, Kazakhstan, Kirgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.
Mr. Ahmadinejad, who is up for re-election in June, has repeatedly lashed10 out at the West for the current financial crisis. But he has been under fire at home for Iran's economic woes11.
Iran has inflation in the mid-20 percent range and chronic12 unemployment, which stands at about 30 percent by unofficial estimates.
Iran expert Ali Nourizadeh pointed13 out that Iran itself has practiced free-market capitalism since the Iranian Revolution, and that Mr. Ahmadinejad has completely mismanaged the Iranian economy.
"Mismanagement of the economy is Mr. Ahmadinejad's number one crime, as is mentioned not only by his critics but also by his followers14 and supporters in all political quarters. Mr. Ahmadinejad is the luckiest president or the luckiest politician since the creation of the Islamic Republic, and has had $300 billion in his hand in the past three-and-a-half years with the price of oil jumping to $140 per barrel," Nourizadeh said.
Afghan President Karzai, Turkey's President Gul, and Pakistan President Zardari, from left, attend ECO summit in Tehran, 11 Mar9 2009
"Therefore, Mr. Ahmadinejad has to come and answer to the Iranian parliament and to the people what he had done with the money. The parliament has found out that there is $1 billion missing from the previous budget and there is also $800 million which they received from selling Iranian gas and this money had not been recorded by the Central Bank," he added.
Afghan President Hamid Karzai also addressed the ECO summit, asking members to help his country fight the opium15 trade, confessing that he had to "accept the bitter truth that his country is the center of opium production."
International observers are expecting Mr. Karzai to urge his Iranian counterparts to attend a March 31 conference on Afghanistan, which will focus on restoring stability to the war-torn nation.
1 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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2 capitalism | |
n.资本主义 | |
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3 collapse | |
vi.累倒;昏倒;倒塌;塌陷 | |
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4 socialist | |
n.社会主义者;adj.社会主义的 | |
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5 brink | |
n.(悬崖、河流等的)边缘,边沿 | |
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6 disintegration | |
n.分散,解体 | |
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7 integration | |
n.一体化,联合,结合 | |
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8 noted | |
adj.著名的,知名的 | |
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9 mar | |
vt.破坏,毁坏,弄糟 | |
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10 lashed | |
adj.具睫毛的v.鞭打( lash的过去式和过去分词 );煽动;紧系;怒斥 | |
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11 woes | |
困境( woe的名词复数 ); 悲伤; 我好苦哇; 某人就要倒霉 | |
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12 chronic | |
adj.(疾病)长期未愈的,慢性的;极坏的 | |
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13 pointed | |
adj.尖的,直截了当的 | |
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14 followers | |
追随者( follower的名词复数 ); 用户; 契据的附面; 从动件 | |
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15 opium | |
n.鸦片;adj.鸦片的 | |
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