Teva: Neither Flag nor Ship

It’s time to stop looking at the pharmaceutical giant as an Israeli miracle. It’s just another company in a capitalist world.

It’s hard to complain about Teva Pharmaceuticals, which this week announced the dismissal of 5,000 employees worldwide, including some 800 in Israel. Most of the gripes about the company since it announced its streamlining plan come from the realms of morality and emotion, and can essentially be summed up as...