May 28, 2019 08:26 UTC

Welcome to this week's episode of the series "In the Path of the Imam". Today, we discuss the views of the Founder of Islamic Republic of Iran, late Imam Khomeini (God's mercy upon him) on the Islamic economy, especially in relation to global interactions and Iranian people's participation and contribution to economy.

In the past two weeks, we said that establishing social justice, and managing and administrating the livelihood and welfare of vulnerable strata in the community, in addition to uprooting discrimination were some of the pivotal views of the Father of Islamic Revolution, late Imam, in the domain of Islamic economy. It was also pointed out that late Imam, in accordance with Islamic rules and regulations, respected private ownership, and believed that the Islamic government is duty-bound to protect and safeguard the assets and wealth of the members of the community, from all walks of life. Meanwhile, late Imam considered illegally accumulated wealth as an exception, noting that the assets and wealth which have been accumulated illegitimately should be confiscated by the Islamic government in favor of the disadvantaged and vulnerable strata. In continuation of this discussion, we familiarize you with the standpoints of late Imam on Islamic economy.

One of the pivotal outlooks of late Imam in the field of economy was establishment of just and independent relations with other countries. This view was presented by late Imam, while in the then bipolar world, two main theories were rendered in the domain of global economy. One of these theories was liberal capitalism, which alleged that establishment of solid economic ties between underdeveloped countries and developed, capitalist countries is the only way for survival from underdevelopment. This theory was mainly presented by Western theorists. The other theory was mainly presented by leftist theorists, especially in Latin America. Based on this theory, the root cause of disadvantages of underdeveloped countries was their dependence on the capitalist system. This process ultimately leads to further development of developed states, and further disadvantages of underdeveloped countries. These leftist theorists believed that capitalist economy had a colonialist nature, and maintenance of ties with capitalist economies does not lead to development of Third World countries. Based on this theory, severance of economic ties with capitalist states liberates the economy of underdeveloped countries and leads to sustainable development.

Late Imam lambasted the economic dependence of the former suppressive Iranian regime toward the West, and submission of Iran to the US.

Late Imam also lashed out at the hollow promises of the former Iranian dictator, Shah, in regard to development and progress, given that due to the dependence of Iran on other countries, especially the US, in the pre-revolution era, the sustainable development of the country was not possible during Shah's suppressive rule.

Late Imam considered freedom and independence as two necessary conditions for growth and development, and strongly reacted to the hollow claims of the former Iranian repressive regime.

Late Imam, in elaboration of the economic features of the sacred Islamic system, spoke of two principles, which were namely establishment of independent ties with other countries, and removal of poverty in disadvantaged regions of the country.

Late Imam underscored that removal of poverty and improvement of the living conditions of the majority of people is the goal of economic reformations, implemented by the sacred Islamic system. According to late Imam, reformations in all domains, especially in the field of economy, is only possible with the full participation of the entire Iranian nation. In other words, in the view of late Imam, materialization of the economic goals of the sacred Islamic establishment is tied and conditioned upon the role played by the entire Iranian nation, while the government is duty-bound to support the self-motivated efforts of people to this end.

Late Imam also considered the revival of the agricultural sector as an essential condition for formation of a dynamic and sustainable economy, while blasting Shah's repressive regime for neglecting and undermining the agricultural sector.