Globes Online concludes that, “Lebanon War II found Israel’s economy in good shape, but there will be a struggle over who pays.” How reassuring. And the real cost?
It can already be said that the current war caught the Israeli economy in a good opening position, which improves the likelihood of it getting back on a positive track. Therefore, the price we will have to pay is mainly in alternatives – increasing the defense budget at the expense of education and welfare – without an absolute price, such as a tax hike.
Israel’s bellicose military spending is literally choking the country to death. One in three children live under the poverty line and the gap between rich and poor is growing. And for what? To lose a war against Hizbollah?