The Business of Iran’s Revolutionary Guards

The New York Times reported yesterday that the Bush administration is considering designating Iran’s Revolutionary Guard Corps (IRGC) as a terrorist organization. The purposes of that move are myriad (including, according to Ralph Peters, to provide a legal basis for bombing IRGC sites in Iran). But it’s clear that a major aim would be to allow the U.S. government, in concert with allies in Europe and elsewhere, to further tighten financial sanctions against the IRGC and its business interests. Military organizations with business interests? Unfortunately, it’s a not uncommon phenomenon around the globe (even in some democracies, such as Indonesia). […]

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