Michal Herzog Emphasizes Unity of Economy and Society at Israeli Economic Conference

Michal Herzog, wife of the Israeli president, delivered a keynote speech at the National Economic Conference organized by Calcalist, Bank Leumi, and Clal. She highlighted a 1987 essay by philosopher Emmanuel Levinas titled "Sociality and Money," which argues that money is not an end in itself but a tool through which society fulfills its responsibility toward others. Herzog stressed that economic and social issues are inseparable, describing them as two eyes of one organism: one analyzing data and growth, the other focusing on the people behind the numbers.

Herzog reflected on the societal changes following the October 7 attacks, noting how many Israelis have shifted their lives toward social action, entrepreneurship, and community support. She cited two poignant examples: the Yaabetz family, who lost their son Yiftach in the conflict but continue to lead in renewable energy while contributing to community rebuilding, and the "Next October" initiative by Yizhar and Hila Haykari, parents of fallen soldier Yaron Shay, which connects startups with the memory of fallen soldiers to foster social and business engagement.

She called for economic leadership that extends beyond quarterly financial results to embrace responsibility and social impact. Herzog urged conference participants to consider both economic data and human realities, emphasizing the need for resource allocation to support border communities, mental health initiatives, and rehabilitation for disabled veterans. She concluded by affirming Israel's vitality and the imperative to grow and develop in ways that build a stronger, more inclusive society, where economic success serves people rather than money itself.