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by embedding-shape 38 days ago
> The Iranian economy is in a state of total collapse! That's not something to aspire to.

Right, I agree, situation is awful and Iran is struggling. But is it bankrupt? Did the US bankrupt much-smaller-than-Europe Iran overnight? Nope, so lets not be under the false belief that somehow Europe would be easier, that's backwards.
2 comments
AVocaloidFaN 34 days ago
Yes, they essentially did, so far as civilians are concerned.

Most people can't afford food anymore. Minimum rent is like 40% over minimum wage (and most make only that much, including government employees). A lot of things cost 2x over what they did before the war.

I'm gonna quote a friend of mine that lives in Iran (though he's slightly better off due to family)'s comment on the matter: "When I go get a full bag of groceries and a kid is caught with a can of tuna under his clothes, crying, how am I supposed to feel good about having money"

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mike_hearn 37 days ago
The word bankrupt loses precise meaning when applied to countries that can print their own currency, as Iran can. It just means something like "collapse with hyperinflation". Iran is in a state of collapse and experiencing hyperinflation. That's what bankruptcy looks like for a country.
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