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Hassan Abbasi on How Banks are Taking over Iran

Hassan Abbasi discusses how traditionally no one ever dared to build a building higher than the central mosk of the town. Not even the Shahs dared to do this. However, now banks are able to do this. He says that every city you go to, the most beautiful buildings are that of the banks. This he argues is culturally significant as it is an indicator of the triumph of liberal market values over traditional Islamic ones. He also goes on to state how a bank run economy runs the risk of destroying Iran economically, as it can be seen today in the West with the current global financial crisis.