Israel's inverted economic pyramid and how to flip it
The opposing examples of IDB Group and Iscar indicate a pressing need to shift the economic narrative from financiers who specialize in gimmicks toward businessmen who build something of real value.
Over a hundred years ago, the socialist Zionist leader Dov Ber Borochov defined the structure of Jewish labor in the Diaspora as an inverted pyramid. The narrow base consisted of a few productive workers employed in industry and agriculture and, above them, in a much wider layer, were those dealing in "airy-fairy" jobs ("luftgescheft" in Yiddish), such as middlemen, small...
Like us on Facebook and get articles directly in your news feed