This article examines the development of the Israeli capitalist class and the role played by the state apparatus in that development. In contrast to analyses claiming that Israel was a "socialist-type" economy prior to the mid-1980s, it argues that the Labor Zionist movement fostered the emergence of an indigenous capitalist class by encouraging the growth of private capital through key conglomerates initially tied to the state. Following the 1985 Economic Stabilization Plan, these conglomerates were placed in private hands linked with large foreign capital. Israel's recent incorporation into the global economy has undermined the traditional sustaining elements of the Zionist project, producing a crisis of legitimacy in the state. It also has important ramifications for the future of Israeli-Palestinian relations.
Skip Nav Destination
Article navigation
July 2003
Research Article|
July 01 2003
From State-led Growth to Globalization: the Evolution of Israeli Capitalism
Journal of Palestine Studies (2003) 32 (4): 5–21.
Citation
Adam Hanieh; From State-led Growth to Globalization: the Evolution of Israeli Capitalism. Journal of Palestine Studies 1 July 2003; 32 (4): 5–21. doi: https://doi.org/10.1525/jps.2003.32.4.5
Download citation file:
Sign in
Don't already have an account? Register
Client Account
You could not be signed in. Please check your email address / username and password and try again.