There are several key teachings that I give to the freshman students of political science I teach every year. These ‘key teachings’ are meant to be the main things that the students learn in the course of their political science studies: the ‘take home points’, if you like. One of those ‘key teachings’ is where I tell the students to always see the connection between politics and the economy. I like telling the students that most of the major political happenings come about as a result of economic shenanigans. I like telling them that politics is subservient to economics, and that the political actors are ultimately there to make money (either for themselves directly, or for their ‘masters’). To illustrate this connection between politics and economics, I like giving the example of the 1979 Islamic revolution in Iran, and its effect on the global economy.
While giving that example about the 1979 Islamic revolution in Iran and its effects on the global economy, I always start by pointing out that most analysts tend to look at the said revolution in purely political terms. Yet, I always point out to the students, that the 1979 Islamic revolution in Iran had a major effect on the global economy. It had a major effect to the extent that it (or rather the events surrounding its aftermath) impacted the oil production in a huge way, causing a spike in world oil prices that spread well into the mid-1980s.
I further like pointing out that if it wasn’t for the 1979 Islamic revolution in Iran, the global economy would be very different. If the Shah was still in place as the ruler or Iran, that nation would still be one that would be regarded as a ‘normal nation’: you know, the sort of pro-US nation where even the senior Hilton workers would be going for their holidays through the Hilton.com/tmtp program. But thanks to the Islamic revolution, that is certainly not the case…
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