BREAKING NEWS

Kahlon calls for economic reforms

In his push to establish himself as the candidate of economic change, Moshe Kahlon on Tuesday called for steps to restructure the economy, including breaking the Israel Land Authority’s monopoly and splitting up big conglomerates.
“Until there are reforms in Israel, the country will not move. The wheels of the economy are starting to squeak and we must reform nearly every aspect of our lives: reforms in housing, in market concentration and in the diplomatic arena,” Kahlon said at the Price Waterhouse Coopers annual economic conference.
“I don’t know if someone feels comfortable living in a state where half of the residents earn NIS 5,000 [per month]. It’s not moral and it’s not right.”
In an attack on his former party’s leader, Prime Minister Benjamin Netanyahu, Kahlon pitted the lack of progress on an absence of leadership.
“People despise the status quo but don’t want change. Reforms are the only way to make a change, a path that benefits a majority of citizens,” he said.