Israel was born not only into war, carnage and controversy but also into shortage. Shorn of cash and goods, it had to ration meat, eggs and cooking oil through a coupon system that soon generated undernourishment, bread lines and a thriving black market.
Worse, lacking allies, trade partners and natural resources while swamped by poor immigrants, the Israeli economy was also burdened by its leaders' rigorous socialism. Central planning initially generated growth, but Israel's protectionist duties, sclerotic financial system, high labor costs, bloated public sector and exorbitant defense spending soon proved untenable. By the 1980s the stock market had collapsed, the major banks were nationalized, inflation hit 440% and foreign-currency reserves all but vanished.
As Israel celebrates its 60th birthday memories of this economic desolation seem exotic.
El artículo completo acá.
En el sitio original, por supuesto, los comentaristas ya dieron su veredicto de suma cero. Si Israel está bien es puramente porque los árabes estan mal, o bien exclusivamente gracias al U.S. Foreign Aid.
Cretinos.
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