Kibbutz capitalism

Sdot Yam is a fine example of successfully combining the best of the capitalist and socialist models.

By SHLOMO MAITAL
November 14, 2012 13:09
1 minute read.
A view of Kibbutz Be’eri.

kibbutz companies_311. (photo credit: Ariel Jerozolimski)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

To view the complete article, click here, accessible to Premium Zone subscribers

There is broad agreement that as a system for generating and distributing wealth, free-market capitalism is badly flawed, in Israel and abroad. But what can replace it? To paraphrase Winston Churchill’s famous quote about democracy, “It has been said that democracy is the worst form of government except all the others that have been tried,” capitalism is indeed a bad system, except for all the others.

Be the first to know - Join our Facebook page.


Britain’s Economist business magazine noted recently that while most people worldwide have been hurt by the global slowdown, the world’s billionaires (whose total wealth amounts to a staggering $26 trillion, or 38 percent of world GDP) saw their combined wealth rise by 14 percent just last year alone.

According to the US Forbes magazine, Israel has 13 billionaires – a very large number for a small country. In contrast, China, whose population is almost 200 times greater than Israel, has only 95.

If capitalism is indeed the unequal sharing of wealth while socialism is the equal sharing of poverty, could some hybrid of capitalism and socialism create a more equal sharing of wealth? I found a possible answer in an unlikely place – Kibbutz Sdot Yam, 42 kilometers south of Haifa.

For more in-depth reporting and insight from Israel, the Middle East and the Jewish World subscribe to The Jerusalem Report.



Related Content

Supreme Court President Asher Grunis
August 28, 2014
Grapevine: September significance

By GREER FAY CASHMAN