Daniel Doron

Many Americans were alarmed by the failure of an increasingly politicized economy to halt the decline in their standard of living, while so much wealth was concentrated in few hands.

After socialism lost steam in Israel, some of our politically connected tycoons “bought” its bankrupt assets with credit advanced to them by the then-nationalized banks, and came to own much of the Israeli media.

Israel has to move from defensiveness, trying to justify Zionism as a virtuous liberation movement, to an assault on the legitimacy of the criminal regimes that try to destroy it.

Israel’s last elections proved how right David Ben-Gurion was when he said that, in Israel, whoever does not believe in miracles is not a realist.

The coming elections in Israel may prove fateful not only for Israel but for the world.

Those who would forget the past typically also ignore reality.

Unless the laggard Israeli economy is reformed soon its problems, including its morally debilitating corruption, may threaten its future.

The productivity of Israeli workers is only two-thirds that of Americans, and their salaries are much lower.

In a recent interview with Prof. Eric Maskin, a Nobel laureate in Economics asserted that “The market is no God – it cannot solve every problem.”