BREAKING NEWS

Yachimovich: State ownership is Zionist, not market failure

By GIL STERN STERN HOFFMAN

JULY 26, 2011 12:59

Labor MK and party leadership candidate Shelly Yachimovich sharply disagreed with Prime Minister Binyamin Netanyahu's assertion Tuesday that state ownership of land constitutes an economically unhealthy monopoly.

"The fact that most of the land in Israel is controlled by the state is not a market failure, it is Zionist and [holds] environmental value," Yachimovich said in response to Netanyahu's press conference.

"The attempt to connect the state's control of the land to the housing shortage is an attempt to misguide the public and a cynical attempt at using demonstrations as an excuse to initiate destructive economic polices that will harm the middle class and empower tycoons."

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