Who in Israel Lives Above His Means

Newspaper: Jewish Herald
posted on:
20 In mar 1962
States - Britain/England, France. Economy - Currency Control. Government , Individuals - Levi Eshkol, Nahum Goldmann. Political Parties - Mapai. Ideologies - Socialism
Begin addresses the Government's failure in preventing currency devaluation. He explains that the Government encourages its citizens to just tell themselves that "every day, in every way, I am getting better and better." Begin argues that this mantra is not productive when it comes to economic policies. Furthermore, he argues that devaluation has sped up as a result of Mapai. He shifts to speak about property owners and the faulty solutions the Government suggested. Begin emphasizes how ordinary people are in debt of 30,000-50,000IL. He also shares how Levi Eshkol, the Minister of Finance, reached out to French non-Jews in hopes of them helping prevent Israel from turning into "wandering Jews." Begin then shifts to discuss David Ben Gurion's delayed observation that "there are many families without the barest minimum needed for existence." Begin concludes that while people are living below minimum, Ben Gurion is living generously and is, therefore, leading with maximum hypocrisy.