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Israel's Neoliberal Hammer Strikes
Money power runs Israel
by Stephen Lendman
In America and across Europe, austerity is official policy. It's also true in Israel.
Among developed countries, America, Britain, and Israel are the most socially unjust. Street protests rail against public policy. Favored corporations and rich elites alone benefit. Most Jews suffer, Israeli Arabs most of all.
Worse ahead is planned. Growing needs and public anger are ignored. On July 30, Israel's cabinet approved sweeping budget cuts and tax hikes on top of earlier ones imposed. More are planned next year. Ordinary Israelis feel it most. Neoliberal policies demand it.
Surprisingly, Israel's defense budget wasn't spared. Defense spending will be NIS (New Israeli Shekel) 100 million less (about four shekels = one dollar).
Israel budgets NIS 60 billion for defense. It's nearly 17% of total spending. Combined with intelligence and other security priorities, it's much more. Israel spends far more per capita than European countries.