Tikvah
Editors’ Pick

May 26, 2017

Israel’s Capitalist Revolution

How Menachem Begin’s 1977 victory saved the country’s economy.

With the anniversary of the Six-Day War upon us, it is easy to forget the anniversary of another event nearly as important in the history of the Jewish state. On May 14, 1977, Menachem Begin led the Likud party to its first national electoral victory, defeating Labor (then known as Mapai), which had reigned uninterrupted since 1948. Zev Chafets explains how Begin put the country on the path to becoming the economic powerhouse it is now:

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