What can we learn from the *most free* nation in the Mid-East?Submitted by Libera_me on Sat, 10/23/2010 - 21:35
In 2007, Israel had a mild recession.
It was mild, in part, because Israel's Prime Minister, Benjamin Netanyahu, has pursued economic policies favoring free markets and supply side taxcuts.
Israel has also been wise in being a net lender nation, which lead to Institute of Management Developement ranking it as the world's most durable economy.
Netanyahu has cut government ownership of Israel's leading corporations, down to 20% from as high as 80% (Great progress toward the free market, even if you agree with me on a 0% ownership rate.)
George Gilder wrote a book called The Israel Test, it registers how you react to the success of those who excel in performance, achievement, innovation, or creativity. Do you resent or imitate and admire them?
In economic terms, do you see their success as a hinderance to yours, or as creating new opportunities for you?
Being thankful for a nation that is trying to implement free-market principles, and hoping for its success is the position I have chosen. I know, the government of Israel is not perfect, but at least, in this area, they are moving in the right direction.