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austerity package

  • Government laughs in the face of economic desperation

     A review of the year of social protests - just hours before the demonstration planned against the government's budget - yields bad news: The government has offered shallow solutions and deepened the roots of economic inequality.  Last year's social paradox During last summer's social protests, outsiders and curious journalists repeatedly asked me how to explain that Israel has such excellent economic indicators, but so much discontent. Not being much of an economist, but knowing something about public opinion, I looked at how people experienced their lives here – micro versus macroeconomics. Despite apparently excellent macro indicators, most individual families weren't…

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