Netanyahu Accused of Distracting from October 7th with Economic Maneuvers
Translated & summarized from Maariv by baba
The story in 5 lines · by baba
- Netanyahu is accused of using economic policies to divert attention from October 7th.
- Proposed economic measures like gas subsidies are labeled as 'election bribes'.
- Regulatory issues are causing major business deals in Israel to collapse.
- Japan is presented as a model of efficiency and discipline for Israel to learn from.
- The fight against the black market requires more resources and tools.
Prime Minister Benjamin Netanyahu is reportedly attempting to shift public discourse away from the failures of October 7th by focusing on economic issues, particularly the cost of living. The article criticizes proposed economic measures, such as subsidizing gasoline prices and altering mandatory pension savings, as populist "election bribes" aimed at influencing public opinion ahead of upcoming elections. Professor Avi Simchon is cited as a key figure advising Netanyahu on these economic strategies, though his proposals are described as controversial and lacking in economic rigor.
Simultaneously, the article highlights significant issues within Israel's regulatory environment, specifically concerning the stalled sale of credit card company Cal by Discount Bank. The Commissioner of Competition, Michal Cohen, is blamed for obstructing the deal, citing concerns about potential insider trading and conflicts of interest, which the author argues are excessive and hinder business. This regulatory stance has led to substantial compensation payments for the canceled deal, impacting Discount Bank and its partners.
The piece also contrasts Israel's economic and regulatory challenges with observations from a trip to Japan. The author praises Japan's efficiency, discipline, and technological innovation, suggesting that Israel could learn from its societal structure and public services, particularly in transportation. The article implicitly criticizes Israeli public services, like the stalled metro project, as inefficient and lacking the precision seen in Japan.
Further, the article touches upon the ongoing battle against the black market, with Yaron Gindi emphasizing the need for enhanced tools and resources for the Tax Authority. The piece also notes the growing popularity of Japan as a tourist destination for Israelis due to its affordability, lack of antisemitism, and rich cultural offerings, contrasting it with the perceived shortcomings of Israeli society and economy.
Read the original at MaarivMentioned
