Foreign Policy Digital

Israeli Voters Don’t Care About the Economy. They Should.

Despite high inequality, lagging productivity, and serious long-term challenges, the current election campaign has barely mentioned economic policy.

When the economy of a country has faced excessive government intervention alongside high deficits, debt crises, inflation, and severe recessions in the past, as well as high cost of living and rampant inequality in the present, one would expect that economic policies would be the focus of an election campaign. But that’s not the case in Israel—a country where the economy continues to be a second- or even third-order issue. The main issue for Israelis voting on Sept. 17 is whether you’re for Prime Minister Benjamin Netanyahu or not.

Israel, now known as the “start-up nation” and an investment magnet for hundreds of leading global firms, was not always the envy of many. Over the past 70 years, the Israeli economy has gone through many rocky episodes. From its beginning, Israel was known for having socialist-minded policies and institutions at its core: state-owned enterprises monopolizing certain industries, large cooperatives, very influential labor unions which were intertwined with the ruling party, as well as hundreds of collective farms known as kibbutzim which received state subsidies. Either directly or indirectly,

Stai leggendo un'anteprima, registrati per continuare a leggere.

Altro da Foreign Policy Digital

Foreign Policy Digital5 min letti
Will Abiy Ahmed’s Nobel Prize Tilt Ethiopia’s Election?
Western leaders long saw the authoritarian Meles Zenawi as an indispensable ally. Now, they’ve found a new hero in Abiy Ahmed. But is the Nobel Prize an effort to make amends or influence Ethiopia’s political future?
Foreign Policy Digital4 min letti
Iran’s Proxies Are More Powerful Than Ever
The Trump administration’s maximum pressure strategy is working—just not in the way that matters most.
Foreign Policy Digital3 min letti
Will Brexit Stumble Over Northern Ireland Again?
On Thursday, British Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker announced that the United Kingdom and the European Union had finally reached a Brexit deal, which will see Britain pay the EU as much as $50 billi