How Encourage Investment in Israel?
Present Impediments and Proposed Remedies
THE threat of socialism-nightmare of ultra-rugged individualists-ranks high among the discouragements blamed for dampened enthusiasm among potential foreign investors in Israel. How real is the threat-and the fear? Certainly there has been socialist talk enough-and from high quarters. Shortly before the first birthday of Israel Prime Minister David Ben Gurion confided to a multi- tude of cheering followers his hope of seeing socialism, full-bodied and triumphant, settle upon the youthful Jewish state “in my lifetime.” This schedule, geared to the life-expectancy of a man with snow-white hair but sensational vitality and abundant health, was soon stepped up to dizzy velocity by Labor Minister Golda Myerson, who promised another congenial audience that socialism would be achieved “by next year.” And as late as last October, at the billion- dollar National Planning Conference in Washington, Mrs. Myerson again defiantly proclaimed in the teeth of a predominantly middle-class audience that her party, the Labor Zionist Mapai, was irrevocably dedicated to ultimate socialism.
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