Presidential Letter to Economists
President Mahmoud Ahmadinejad in a letter to 200 university professors and economic experts on Tuesday referred to the spread of the western financial crisis to other parts of the world and said it is time scientific and theoretical foundations of a healthy and dynamic economy at home are laid.
“I am confident that you are also concerned about the western economic meltdown, which is spreading all over the world. Now that it has become evident that the present global economic order is inefficient, it is natural that thinkers ponder about what to do next.
Answers to many pressing questions cannot be found in the prevalent economic schools, and it seems the new conditions somehow challenge the very foundations of such schools.
Although the schools offer several paradigms for growth in production, most of them are silent about the race for consumption, the deepening socioeconomic gap and high levels of poverty.“
According to the president, “Inflation, instability, financial and production crises, speculations in the stock market, and superficial transactions are the ingredients of the prevalent economic models, especially the liberal approach. These have led to insecurity in the lives of the people of the world and a huge divide between the rulers and the ruled.“
The letter added that it is high time in light of collective efforts suitable answers are found to the existing problems.
“It should be clarified for how much longer other peoples and governments should pay for US budget deficits, and to what extent western policies can contain and curb the ongoing crisis.“
The president said one other key issue that demands explanation is “what role international institutions such as the World Bank and the International Monetary Fund can play in creating or controlling the crisis.“