Closest to the National Trough

Quite aside from the enormous sum the treasury is offering workers to be laid off from Israel Military Industries - a sum that, given the current budget crunch, could easily be put to much better use - it’s impossible not to be outraged by the injustice of this proposal.

In 1990, Israel Military Industries was converted from a unit of the Defense Ministry into a government company. This transition forced IMI to start conducting itself like a corporation – to appoint a board of directors, publish financial reports and check its profit margins. Almost immediately, it became clear that IMI wasn’t turning a profit. In effect, its conversion into a...