Ali Ettefagh at PostGlobal

Ali Ettefagh

Tehran, Iran

Dr. Ali Ettefagh serves as a director of Highmore Global Corporation, an investment company in emerging markets of Eastern Europe, CIS, and the Middle East. He is the co-author of several books on trade conflict, resolution of international trade disputes, conflicts in letters of credit, trade-related banking transactions, sovereign debt, arbitration and dispute resolutions and publications specific to the oil and gas, communication, aviation and finance sectors. Dr. Ettefagh is a member of the executive committee and the board of directors of The Development Foundation, an advisor to the United Nations High Commission for Refugees, and an advisor to a number of European companies. Dr. Ettefagh speaks Persian (Farsi), English, German, French, Spanish, Italian, Arabic and Turkish. Close.

Ali Ettefagh

Tehran, Iran

Dr. Ali Ettefagh serves as a director of Highmore Global Corporation, an investment company in emerging markets of Eastern Europe, CIS, and the Middle East. more »

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June 2009 Archives



June 4, 2009 11:31 AM

U.S. Should Brace For Further Fall

The world’s concern, and China’s immediate focus, is about America’s financial discipline. Its effects will sketch America’s credibility and its economic health in the near and long-term. For China, it is a job of deciphering it all. China is especially worried about the value and potential devaluation of its vast holdings of American debt, which adds up to about 50% of Chinese GDP, as America is its largest export market. Is America going to stop printing dollars, or will she flood the markets with cash (with so-called Quantitative Easing methods) and thus devalue the dollar and diminish the hard, reserve currency?

Many are wondering if it is all a repeat performance of the British economy circa 1960s and 1970s-- when the Pound Sterling lost its sterling, politely became the British Pound and faded away as a reserve currency—after rounds of mass nationalizations (British Leyland Motors, British Airways, banks, IMF loans and the rest). The effect was the diminished role of Britain as a world power in an economic overheating, mindless asset inflation, high levels of debt and currency devaluation.

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June 8, 2009 12:25 PM

More Deeds, Please, and Fewer Words

The Current Discussion: What did you think of Obama's speech in Cairo? What kind of change will, or won't, it bring?

The principle and offer of a new beginning by the American president is much welcomed, even if it is to repair damage and in apology for the Bush Era. However, one cannot help but recall an old Persian proverb that “two hundred speeches won’t sum up to half a deed”. Mr. Obama is a good orator. He communicates clearly as a master politician who wants to keep everyone happy. But it is time to show by tangible deeds and firm steps, and not be summarily dismissed as yet another speech of a novice president and his “I have a dream” speech of the Martin Luther King legacy.

During these first months, and as seen with America’s posture towards Cuba, his words have indicated little more than a mere rolling back of stated foreign policy goals to the Clinton era. A quick recall of Bill Clinton’s speeches delivered in the Muslim world in the1990s will leave the listener bemused that many passages were simply transliterated (with quotes from the Quran, the Bible and Torah.) The distinction is simply the delivery of rehashed words from a man presiding over a maxed-out bust on political, and financial, credit and short of return on political capital invested in places like Iraq (Clinton, for his part, rendered a post-Cold War tune in the tone of upbeat country music by a Sunday preacher).

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June 16, 2009 8:26 AM

Foreign Media Is to Blame

The Current Discussion: Are we witnessing a pro-regime coup in Iran? What should the world do in response? How will the election aftermath affect Iran's projection of power into the Middle East?

The truth is that Iran is exemplary in the region when it comes to timely, scheduled elections, maintaining the rule of its constitution (such as term limits) and orderly transfer of power. It has political discipline without peer in the region, despite absurd foreign hallucinations for “regime change”, petty vilification campaigns by lobbyists and a cheap psychological Cold war officially funded by at least one foreign nation. This is not a replay of the 1953 coup or the 1979 Revolution, and the elusive recycling of a few morally compromised politicians plucked from heaps of yesteryears is silly and futile.

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June 24, 2009 10:27 AM

Democracy As Usual in Iran


The Current Discussion: Are we witnessing a pro-regime coup in Iran? What should the world do in response? How will the election aftermath affect Iran's projection of power into the Middle East?


This observer in Tehran can inform you that the (English-language) media frenzy and its sensationalism has breached the limits of reality and has hijacked the essence of debate in Iran. It is used as a diversion to eclipse a rejuvenation of a democratic process. The hyped protests, all within a square mile in west of Tehran, are simply a storm in a teacup and all of it must be framed in perspective. A civil war, a revolution or regime change, it is not.

Let us first remember that Iran is a country of about 72 million people, a third of whom are under 25 years old. A turnout of some 50,000 angry mobs (or even one million people, something that has not happened) is not exemplary of the rest. The other 71+ million people also have rights, lives and a desire for quiet pursuit of happiness and peace. Isn’t democracy about the will and rule of the majority, as well as the rule of law and civil order? Or should it be narrowly interpreted (by foreign media) as the right of a select tech-savvy few with computers, email and foreign language skills to project a distorted scuffle and civil disorder? Are elections not about discipline and order, after all? Or should the rules be overturned at random by crying foul and burning down banks and shops, simply because losers dislike the results of the very same system in which they signed up and ran campaigns?

Secondly, the blatant sudden turn of events after the election has not been properly explained to most Iranian youngsters and foreigners with a cursory knowledge of Iranian affairs. In fact, it has nothing to do with the election itself. The violence of June 20th marked the 28th anniversary and a rerun of a major street battle in Tehran between the Mujahedeen-e-Khalq (MKO-MEK) and their rivals during the early days of the Revolution. The rivals won 28 years ago and the MKO-MEK (a Stalinist, violent group that has no mind for the democratic process or even internal elections) was forced into exile. Many of their members were arrested and jailed when Mr. Mousavi was prime minister.

The MKO-MEK can be best described as the Persian speaking wing of the degenerated Iraqi Baath Party and an earlier species of Al Qaeda back in early 1970s-- a contemporary of the Red Brigades and the Baadermeinhof terror organizations in Europe. For decades, it has been designated as a terrorist group by most countries. They murdered American military advisers in Iran prior to the 1979 Revolution. MKO was on Saddam’s payroll to kill Iraqi Shiites, in exchange for having a base in Iraq. The source of their budgets remains murky, but MKO maintains an underground system in most European and North American cities, with lobby networks and a few chameleon fronts and disguised names that mask the organization.

MKO’s Camp Ashraf base was under protection of American forces and, despite the terrorist designation, they did “business” with Mr. Rumsfeld’s secret Task Force 20 for a few terror jabs at Iran in a hostile, ill-conceived regime change dream concocted by Mr. Cheney & Co. After the pullback of American forces in Iraq, the Iranian and Iraqi government have negotiated to close Camp Ashraf north of Iraq and extradite the key figures, the final round of which has been postponed until after elections in Iran. Hence the tsunami of one-way, ill-informed pressure on mostly English-speaking media by the MKO-MEK lobbies machine, an attempt to derail recent events beyond reality and divert attention away from formation of democracy. In other words, modern politics is snuffed out by a wave of violence, using uninformed young protesters as a shield—many of whom were not even born 28 years ago and are clueless about it all.

Otherwise, why would a legitimate Iranian “protester” hold up a sign in English, a foreign language, and pose for cameras if the idea is to protest against the Iranian state in Persian?

Recent developments in Iran are two distinct different matters, albeit foreign media have stitched it all up into one big bubble of insane hype. Somehow, all have forgotten about the purpose of an election. Simply put, the foreign mass media has been duped by a terrorist organization with modern (terror?) techniques of vilification in an abusive manipulation. Polluted prejudice and a lazy default on absurd vocabulary and zingers such as “regime change”, talk of “rogue behavior” or relapse to the perception of the 1953 coup has hijacked reality.

It is time for the world to realize that the Iranian political system is maturing. It is futile and silly for foreigners to insist upon their perceived views of Iran, even if media outlets turn to full time bullhorns of hostile policies of their governments. In the real world, in a territory about the size of Western Europe, Iran conducted a peaceful and historical election without peer in the region and Iranians have embarked on a new course of democracy, not a violent revolution or a coup or a crackdown plan to serve divide-and-dominate games of hostile foreign governments.

It is sad to see civil disorder in any place. But it must be framed in perspective and it is nothing short of a travesty to see the essence of a democratic process is summarily trampled in favor of sensationalist views of the relative few troublemakers with a questionable past and foul intentions.

Democracy is a process, not a project. It must be encouraged with cool heads and it must even-handedly left to the indigenous people to find their own way over time. Within living memory, meddling by foreigners in Iranian politics bluntly delayed and damaged the century-old desire of Iranians for a democratic system.

Iranians have not forgotten that and chances are that an absolute majority of Iranians are not going to let such meddling happen again.



« May 2009 |

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