Saturday, November 30, 2013
On Israel and Foreign Aid
Yes, Israel does get foreign aid. But does anybody really think that Israel is affluent because of this foreign aid, and that doesn't have much more to do with the fact that Israel also has a) private property, b) a fair and impartial judiciary, c) enforceable contracts, d) a stable currency, e) a relative ease in starting up new businesses, f) a free press, g) a limited amount of corruption, h) a sane level of regulation, i) a sensible trade policy and j) democracy? I mean, I know that foreign aid to Israel is a contentious issue and all (and I'm certainly willing to revisit it - as is Daniel Pipes, believe it or not) but to draw any sort of causal connection here is a little bit, off in my opinion.