War's Economic and Social Costs Still Ahead, Says Expert
Translated & summarized from TheMarker by baba
Professor Manuel (Mano) Trajtenberg, former Head of the National Economic Council, warned that the full economic and social costs of the war are still to come, with the greatest impact being on Israel's human capital. He noted that Israel's economy heavily relies on this resource, which has been significantly damaged. Trajtenberg also voiced concerns about the Haredi community's role in government, stating the non-Haredi public will not accept decisions made by those sending their children to war.
The story in 5 lines · by baba
- The war's economic and social costs are still ahead, according to Professor Manuel (Mano) Trajtenberg.
- Trajtenberg stated that the most significant cost will be damage to Israel's human capital.
- Israel's economy relies almost exclusively on its human capital, which has been severely harmed.
- He expressed concern over the Haredi community's influence on government decisions.
- Trajtenberg warned the non-Haredi public will not accept decisions made by those sending their children to battle.
The economic and social costs of the ongoing war are yet to be fully realized, according to Professor Manuel (Mano) Trajtenberg, former Head of the National Economic Council and a member of Gadi Eisenkot's 100 Days team. Trajtenberg stated in an interview that while budget figures are often cited, the public struggles to grasp the true impact of hundreds of billions of shekels. He emphasized that the most significant price will be the damage to Israel's human capital.
Trajtenberg also highlighted that Israel, even with gas discoveries, relies almost exclusively on its human capital, which he believes has been severely harmed. He addressed the tensions with the Haredi community, expressing concern that the non-Haredi public will not tolerate a situation where individuals who send "my children and yours" to battle are part of the decision-making cabinet.
