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2007-07-23 Home Front Economy

19 families control 1/3 of Israel's economy

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Posted by Anonymoose 2007-07-23 00:00|| || Front Page|| [11125 views ] Top

#1 Marx would propagandize about 200 families controlling Europe. Salvadorian Reds spoke of "14 families"

Posted by McZoid 2007-07-23 02:58|| 2007-07-23 02:58|| Front Page Top

#2 Mexico?

Posted by 3dc 2007-07-23 05:31|| 2007-07-23 05:31|| Front Page Top

#3 So Olmert's not a fool as we thought, but the sock puppet of a fool.

Posted by wxjames 2007-07-23 08:01|| 2007-07-23 08:01|| Front Page Top

#4 I hear almost the entire place is run by Jews, too.

Posted by Mark E. 2007-07-23 09:02|| 2007-07-23 09:02|| Front Page Top

#5 The problem isn't wealthy families. It is an "Old Europe" disease, in which the wealthy families use every effort to keep everyone else poor. They find they cannot enjoy their wealth unless they are surrounded by poverty.

This afflicts Europe, and Mexico through South America, along with many other places once dominated by Europe.

In the US, it seems bizarre, as most of our billionaires make themselves wealthier by making many, many more people millionaires. Bill Gates, for example, has probably created tens of thousands of wealthy people as a by-product of becoming wealthy himself. Hundreds of thousands moved into the upper middle classes.

Compare that with Carlos Slim Helu, the Mexican billionaire, who has only enriched perhaps a few dozen, and they were probably very well to do to start with, anyway. As far as the rest of his employees, he wants to keep them as far down the wage scale as possible.

This is why Mexico's economy should be a LOT bigger than it is. It is not just a willingness of their rich to allow poverty, they actively encourage it.

And this is also why these regions tend to have government that vacillate between extremes of socialism and extremes of dictatorship. Even France has been described as "mob rule punctuated by dictatorship."

Venezuela before Chavez was an excellent example of the disease. A few families earning most of the money while everyone else lived in squalor. This is why Chavez rose in the first place.

Of course, as soon as the great egalitarian became el Supremo, he puts himself in the position of the wealthy, wanting everything for himself, and to hell with the peasants. This is typical.

Most likely, Israel done not have a full blown case of this problem, in that many Israelis were raised in the US. But perhaps their wealthiest families earned their wealth in Europe or Russia.

Posted by Anonymoose 2007-07-23 10:27|| 2007-07-23 10:27|| Front Page Top

#6 Headline reads like NEW JERSEY...

Posted by borgboy2001 2007-07-23 12:36|| 2007-07-23 12:36|| Front Page Top

#7 Moose, I don't think it's about keeping people poor but of making yourself richer. Mexico should be a PARADISE, they have the land, minerals, and workforce to be an economic powerhouse. The problem is that there is way way too much corruption at all levels of the Government.

Posted by John Kerry 2007-07-23 14:12|| 2007-07-23 14:12|| Front Page Top

#8 BTW that last post was me.

Posted by Cyber Sarge 2007-07-23 15:44|| 2007-07-23 15:44|| Front Page Top

#9 Holy Mighty Morphin Power Rangers! What next from these people?

Posted by Ho Chi Spomosh2247 2007-07-23 17:19|| 2007-07-23 17:19|| Front Page Top

#10 Actually, not all that many Israelis come from the U.S. But about half come from not-Europe: the Arab world, the Magreb and sub-Saharan Africa, Hispanic America... and it's the not-European Israelis who are having more children, in line with the cultures they came from. I wonder what Israel will be like a generation from now.

Posted by trailing wife 2007-07-23 17:33|| 2007-07-23 17:33|| Front Page Top

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