Saturday 27 June 2009

A Booming Economy!

A Booming Economy!

I've been reading the Economist, off and on, for 40 years. While they often have interesting things to say on many topics, their primary interest is economics. More often than not, when their reporters file stories about places there will be a noticable emphasis on its economics.

Not when it comes to Israel, of course. While I have no doubt that they have reported on Israel's economy once or twice in the past half century, I can't offhand remember ever having noticed. When they report on Israel they talk about politics.

So it remains for others to do. Here's a nice article in Haaretz. Synopsis: While much of the world economy and world's economies are sagging groaning and creaking, Israel's is doing admirably well. The country's economic leadership has mostly got things right, and its entrepreneurs and businessmen are taking fine advantage. True, the political leadership of the country is a disaster (it's the same people, by the way), and the crushing burden of being at war for a century doesn't help - but apparently it doesn't harm much, either. Israel's GDP per capita ranking is about 20th worldwide as is.

Remove the need for that gigantic army and everything that goes with it, and we'll shoot to the top of the table within 5 years, if you ask me: move over Norway.

Next time you hear the boycott-Israel brigade enthuse about the tomatos they aren't buying, you might want gently to tell them Israelis are largly a hard-working bunch who've faced far worse adversity without blinking.
taken from Yaacov Lozowick's Ruminations

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