Consumerism Crisis Revisited

Iranians have developed a peculiar culture of consumerism during the past decades and that is why the country has been vulnerable to the unending US animosity and economic sanctions, the energy minister said at the weekend.
“Those who have sanctioned us know that our weak point is consumerism. We are a consumer-based society and the reason that we have been sanctioned is our bad consumption habits,” ILNA quoted Reza Ardakanian as saying.
The minister echoed the views of academia and respected economists that the country had the opportunity to wean away from overreliance on oil for 40 years but did not do so. With this knowledge the United States has always put pressure on the country and its economy, he said.