Author does a better job than I could do at showing why his article is relevant.
> Almost everyone assumes that the economic fallout from Operation Masculine Insecurity Epic Fury will be much less severe than the fallout from the rise of the mullahs nearly fifty years ago. And they’re probably — probably — right.
> But it’s worth asking why the world economy looks less vulnerable to instability in Iran now than it did in 1979. The main explanation isn’t what you may think. And it’s also worth asking what new vulnerabilities have emerged over the last 47 years.
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Author does a better job than I could do at showing why his article is relevant.
> Almost everyone assumes that the economic fallout from Operation Masculine Insecurity Epic Fury will be much less severe than the fallout from the rise of the mullahs nearly fifty years ago. And they’re probably — probably — right.
> But it’s worth asking why the world economy looks less vulnerable to instability in Iran now than it did in 1979. The main explanation isn’t what you may think. And it’s also worth asking what new vulnerabilities have emerged over the last 47 years.