What will be the effect of the plunge in oil prices on the Iranian middle class?
The formation and growth of the middle class, after a ten-year hiatus that had made it severely weak and vulnerable, was resumed under Akbar Hashemi Rafsanjani, continued during Khatami’s presidency, and strengthened day by day afterwards. One could observe the impact of this growth in the rise of the consumption of luxury commodities that later became necessary commodities, such as cars, investments in the stock exchange, and vacation trips to foreign countries or inside Iran. But this middle class was affected severely by economic fluctuations. Unfortunately, as a result of Ahmadinejad’s economic policies and the unprecedented growth of inflation, this class has become fragile once again, both morally and economically. The economic pressure on the middle class has gradually led to the elimination of cultural commodities—such as publications, films, and books—from families’ consumption baskets. Because of the absence of a political and social infrastructure, this class also lacks a sp
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