October 30, 2012

Capitalism at the Tipping Point

There is a strong feeling in Israel that the State has become wealthier but the people have become poorer. This is due to the fact that the means for productivity are concentrated in the hands of a small minority. The first and foremost means of productivity was and remains land.

Israel's economic leadership has conducted itself according to the best criteria known to it: capitalism. This saved Israel from descent into the depths of socialism that had previously brought us triple digit inflation and has toppled the economies of Europe right before our eyes.

There is no such thing as a socialist economy. Economy means creativity, productivity, creation and life; emulating the Creator. Socialism is a euphemism for robbery and self-righteous theft – perpetrated by the law. Creation and robbery go together like life and death. There is not and cannot be a socialist economy.

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