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Labor proposes taking Israel back to social-democrat economy

According to the economic pre-election agenda presented by Labor head Amir Peretz, the party wants to increase Israel's external debt in order to pay for social projects.
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Few parties in Israel have presented an economic plan as part of their campaign for the September elections. And so it is to the credit of the Labor-Gesher party to have actually provided a comprehensive and detailed economic program. The problem is that this economic program, for the most part, offers a social-democratic-style economic platform. And the likelihood of such a platform being implemented in Israel of today is almost nonexistent.

The cost of this “socially-oriented economic program” is 30 billion shekels ($8.5 billion) per year, which will be invested in what are called “social targets.”

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