In a harshly worded letter, the economists slam policies that impose a heavier economic and military burden on one part of the population as unsustainable.
Under Prime Minister Benjamin Netanyahu, Israel became a neoliberal poster child and a haven for foreign direct investment into its booming technology sector. Tel Aviv and Haifa became hubs for cutting-edge start-ups, often with close links to the Israeli military-industrial complex.
As the Israeli war on Gaza rages on, evidence is already mounting of its destructive impact on the regime’s economic outlook, which experts say will be unlike anything it has experienced before.
In letter to Prime Minister Netanyahu and Finance Minister Smotrich, senior economists call for changing budget priorities and stopping previously planned discretionary allocation