Abstract
As the Islamic Republic of Iran nears its thirtieth anniversary, the political elites in Tehran are working hard to maintain an appearance of continuity rather than change. But as the political elites of Iran change, the Islamic Republic is also experiencing a metamorphosis of its own. One indication of this change is the transformation of the Islamic Revolutionary Guards Corps (IRGC) into a business conglomerate independent of state regulation. The Islamic Republic, once governed by the Shiite clergy and guarded by the IRGC, is developing into an economy dominated by the military. Moreover, the IRGC’s close involvement in the Iranian economy makes sanctions against Tehran tricky for the United States and European Union (EU) to implement in their quest to stop Iran’s nuclear weapons program.
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