UNPACKED

UNPACKED: Watch – Socialist? Capitalist? Inside Israel’s Economy

UNPACKED: Watch – Socialist? Capitalist? Inside Israel’s Economy

While Israel’s economy today is widely associated with the image of a fast-paced “start up nation,” the founding fathers of the modern state envisioned it as a Socialist utopia. In its early years, Israel’s economy was controlled by the “Histadrut,” a socialist labor union. This union held control of the economy through decades of mass immigration, war and economic collapse. Finally, in the 1990’s, the Israeli government moved to nationalize health insurance and, almost overnight, control by the Histadrut was eradicated. This gave way to Israel’s current market economy. Through the ups and downs of a journey from a socialist to a capitalist economy, Israel’s ability to innovate has paved the way to it having one of the top GDPs per capita in the world.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Categories

Archives

DH Gate

doing online business, think of dhgate.com

Verified & Secured

Copyright © 2023 IsraelSeen.com

To Top
Verified by MonsterInsights