Israel
Israel’s economy: A Banana Republic run by monopolies
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Israel has conveyed a message to Amos Hochstein, the special envoy of U.S. President Joe Biden, during his recent visit to the country.
Israel is not optimistic about the diplomatic process © Mena Today
Israel has conveyed a message to Amos Hochstein, the special envoy of U.S. President Joe Biden, during his recent visit to the country.
According to the message, Israel is interested in the success of its diplomatic efforts, but if they fail, it will be committed to taking military action to push Hezbollah away from southern Lebanon.
Israel has clarified that without the removal of Hezbollah, residents of the north will refuse to return to their homes.
Israel is not optimistic about the diplomatic process but is attempting to follow it through to the end, primarily to gain legitimacy in case military action is necessary in the north.
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Israeli Prime Minister Benjamin Netanyahu accused Hamas on Wednesday of violating the Gaza ceasefire agreement after a military officer was wounded by an explosive device in Rafah and Israel vowed retaliation.
Israeli Defence Minister Israel Katz said on Tuesday that the military would never fully withdraw from the Gaza Strip for security reasons and that a civilian-military army unit would be established in the Palestinian enclave.
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