Showing posts from June 27, 2007

Does Tel-Aviv make Israel "soft"?

Peter Waldman has an interesting page 1 article in the Wall Street Journal, TEL AVIV BUBBLE: As Israel Prospers, Some Fear Its Defenses May Grow Soft. Among other things, Waldman points out that Israel has flourished beyond the wildest dreams of the ardent socialists who founded the Jewish state. Powered by high-tech exports, the Israeli economy grew 6.3% in the first quarter this year, with a 28% jump in personal consumption of durable goods, such as cars and refrigerators. Sales of Porsches doubled in 2006 from 2004, and last year Lexus opened shop in the Jewish state. Waldman's piece includes more info and statistics and he focuses in particular on Great Tel-Aviv as a symbol of this Israeli economic and technological progress. The problems starts when he tries to suggest that these dramatic socio-economic changes are responsible for the weakening of the Israeli resolve to deal with its security challenges. Yet prosperity has not brought security. As Israelis begin another summe