https://www.gatestoneinstitute.org/19374/iran-selling-family-jewels
What does an autocrat do when his support base is shaken by popular protests?
The standard answer is: he tries to reassure supporters by increasing their privileges, thus giving them a bigger stake in the preservation of the status quo.
Transfer of public assets to chosen supporters has a routine pattern.
The supporter, usually a senior IRGC officer or a senior mullah, secures a low-interest loan from a state-owned bank to buy a state-owned asset at rock-bottom price. Almost always this is just a formality. Once the asset is acquired, the new owner forms a company and sells parts of its shares to others, making a huge profit. Those who acquire prime real estate make especially big killings.
One problem remains: will retired or cashiered generals feel confident enough about the regime’s future to embark on the recycling scheme offered?
What does an autocrat do when his support base is shaken by popular protests?
The standard answer is: he tries to reassure supporters by increasing their privileges, thus giving them a bigger stake in the preservation of the status quo.
This is what Islamic Republic’s “Supreme Guide” Ayatollah Ali Khamenei is trying to do with an edict for the largest privatization scheme in Iran’s history.
Unveiled last week, the scheme is the seventh of its kind since the first was launched 23 years ago.