I remind you of the damning words that Ralph Maraj in his December 31, 2012 column in the Trinidad Express entitled “The Private Sector Can’t Dance” had for the business community: “For the past few years, most of our business elite have been sitting on their resources, marking time but still accumulating; only a few venturing to take some measured risk to stimulate the economy; most waiting, as always, for the treasury to provide new feeding.
In the past decade, the economy has enjoyed significantly higher growth rates than most other advanced economies, and the global financial crisis, which was reflected in a deep and sometimes prolonged recession in many economies, was weathered by the Israeli economy with relatively minor damage.