20 families control most of Israel's wealth

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  • February 3, 2017 at 1:07 pm #64735
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    link:http://mondoweiss.net/2017/02/netanyahu-scandals-corruption/

    “…Corruption is rampant in part because of Israel’s extreme concentration of wealth. This is a trend in much of the developed world, but its effects are accentuated in Israel by the small scale of the economy. Research shows that as few as 20 families control most of the country’s wealth, particularly in sectors like real estate, banking, retail, transport and homeland security. It seems some of these super-rich families expect to buy political influence as well.

    But there is also a combination of conditions, particular to Israel, that blur the distinctions between the personal and institutional, and that have ensured corruption flourishes…
    ……

    ….Further, Israel’s highly militarised society discourages resistance to authoritarian practices. A 2014 survey by the Israel Democracy Institute, for example, found that only one in three Israeli Jews regarded Israel’s democratic character as supremely important.

    This trend is reinforced by the sanctity of Israel’s security sector, which includes not only the military, but the many intelligence services, including the Mossad spy agency, Israel’s arms manufacturers, homeland security and cyber warfare firms, as well as more conventional industries…” see link

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