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OECD: Israel the member with highest poverty rate

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JJ

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May 15, 2013, 7:20:15 PM5/15/13
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Those Reagan-Thatcher-Bibi policies really work :-( .

Quote:

In a report examining how the developed world copes with the global
downturn, the OECD warned the "financial crisis is squeezing income and
putting pressure on inequality and poverty" across the board. In last year's
report Israel came second behind Mexico in the number of poor families in
the OECD.

End quote.

The report (available in the Hebrew press) stresses that the trend began in
1977 (Begin, Likud) and became much worse in the 1990s. The last 4 years
have been the worst. Startup Nation indeed -- but not for everyone.

http://www.ynetnews.com/articles/0,7340,L-4380310,00.html

Jay





David Makowsky

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May 17, 2013, 9:39:59 AM5/17/13
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Just curious.

How much does this have to do with the number of Charedim who refuse an education that would entitle them to get jobs and/or who refuse to seek employment?

malcolm...@btinternet.com

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May 17, 2013, 10:40:14 AM5/17/13
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A lot, but it's not the only factor.
Israel is a very funny economy because it's basically a group of people
brought together in the same country for non-economic reasons. So for
a while doctors were getting less than plumbers, because there were
thousands of doctors from the Soviet Union, whilst very few plumbers to
fit taps into all the new apartment buildings they needed.
You've got some of the richest, best educated groups in the whole world,
cheek by jowl with African Jews who were rescued from utter starvation,
haredim who don't work, and the Israeli arabs, some of whom are Westernised
and some of whom not. Then the burden of military spending distorts the
economy and diverts public resources from other uses.

Yisroel Markov

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May 17, 2013, 11:45:15 AM5/17/13
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On Wed, 15 May 2013 23:20:15 +0000 (UTC), "JJ" <dmr...@gmail.com>
said:

>Those Reagan-Thatcher-Bibi policies really work :-( .

Yes, they do. There's empirical evidence for that - the best kind,
right?

But what exactly does the material below have to do with such
policies? Oh - Bibi. I see. Well, AFAIK he did well as a Finance
Minister, but now Israel has to deal with what nearly every other
developed country has to deal with - government overspending, crony
capitalism, and socialist inefficiencies in the economy.

>Quote:
>
>In a report examining how the developed world copes with the global
>downturn, the OECD warned the "financial crisis is squeezing income and
>putting pressure on inequality and poverty" across the board. In last year's
>report Israel came second behind Mexico in the number of poor families in
>the OECD.
>
>End quote.
>
>The report (available in the Hebrew press) stresses that the trend began in
>1977 (Begin, Likud) and became much worse in the 1990s. The last 4 years
>have been the worst. Startup Nation indeed -- but not for everyone.

It can never be for everyone, Jay.

>http://www.ynetnews.com/articles/0,7340,L-4380310,00.html
--
Yisroel "Godwrestler Warriorson" Markov - Boston, MA Member
www.reason.com -- for a sober analysis of the world DNRC
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"Judge, and be prepared to be judged" -- Ayn Rand
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