This year’s presidential race in Iran was dramatically shaken this week by the news that Ali Akbar Hashemi Rafsanjani had announced his candidacy. Although Rafsanjani has fallen out of favour with the regime in recent years, it is quite possible that his bid could be successful.

For the past year Iran has experienced a deepening crisis of capitalism, which in the last few months has spiralled into hyperinflation and devaluation of the currency. A recent trip to the country provided a perspective of the current situation within, particularly how people are dealing with the worsening conditions.

Today, October 3, 2012, thousands of people took to the streets in a spontaneous demonstration around the Bazaar of Tehran. The protests spread around the Bazaar, with people shouting slogans and wrecking a bank. The protest was against the massive price hikes of the recent period, the collapse of the Rial and the fact that the regime has chosen to completely deny the existence of these problems.

The new edition of the Iranian Marxist journal, Mobareze Tabaghati, is now out, and the PDF can be downloaded here. Here we provide an English translation of the Editorial dealing with the economic crisis and its impact on the masses. Although the 2009 movement has receded, a new wave of struggle on a higher level is inevitably being prepared.

With tensions rapidly escalating over Iran’s nuclear program, and with the recent statements issued by Netanyahu in his recent encounter with Obama, the spectre of armed conflict is yet again haunting the Middle East. Having burnt their fingers in Iraq and Afghanistan, the Pentagon seems to want to avoid an armed conflict and the Whitehouse prefers the use of “diplomacy”. The Israeli government, however, has threatened targeted strikes against Iran’s nuclear sites.

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