socialism is dead - Comment - Israel News | Haaretz Daily Newspaper
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    • zionist forever
    • 18.10.10 | 12:06 (IST)

    The socialist attitude is that if your poor then your one of us and we embrace you but if you have money your one of the bad guys and you want to exploit us honest hard workers. The 20th century has shown that socialist ideas of sharing wealth evenly doesn't work. There will always be rich and there will always be poor and being rich isn't a crime. In the bad old days of socialism Israel had no super rich because there were very few opportunities because the state heavily regulated or owned everything. Today thats changed we got rid of failing state owned companies and restructured the economy and so we do have super rich today. Its also those super rich who provide jobs and buying up smaller companies in many cases provides more room for the smaller company to grow through investment without which they would reach a stage where they couldn't grow any further. Israel needs the tycoons just as much as it needs people who work at the lowest levels same way a military needs its generals and the non officers who run around with the guns getting shot at. Everybody has a role to play.

    from the article: Israel’s tycoons must invest to the benefit of the entire economy
    First published 12:49 16.10.10 | Last updated 12:49 16.10.10
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