nation

Israel’s elites—especially the chattering classes in the press and the academy—are hostile to capitalism because our universities’ social sciences and liberal arts departments are dominated by post-modernist and neo-Marxist professors.

Ideas matter. Hostility to capitalism exacts a great price from the Israeli economy and from its hapless workers.

Jewish institutional efforts must now undergo a period of reform and greater accountability. Some charitable efforts should be privatized. Individuals or groups of donors must take personal responsibility for specific projects, to ensure that funds are dispensed in a responsible and cost effective manner.

President Shimon Peres, we all know, is a man of visions. Some have been better than others. The less successful ones, that translated into costly, failing and even dangerous policies, were those that denied reality.