Friday, October 24, 2008

Begin and Economic Theory

To call the monopoly-ridden, tightly government controlled Israeli economy a "free market economy" is an insult to their readers' intelligence, let alone to the facts. To refer to the plunder of public and former Histadrut assets after they went bankrupt "privatization" is a sad joke. These former government and Histadrut assets, that wastefully dominated the economy in its "social democracy" phase, went bankrupt when Menachem Begin's government refused to continue massively subsidizing them.

Daniel Doron
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