Recommendations to break up the strangle hold of the Israeli economy by monopolies owned by oligarchs and criminal gangs has been presented to the government. This situation is a drag on the Israeli economy and is a shame and waste in the unemployment and under-employment it has created (http://www.dailykos.com/...). As reported by the Financial Times yesterday, the recommendations come from a panel of business and academics led by internationally recognized economist Stanley Fisher who is the central bank governor. The details of the proposal have not been made available and are said to be in the final stages of drafting, but the government has concluded that the recommendations will be studied and decisions on implementation will be forthcoming in the next four years.
While these recommendations are welcome, the time delay is unacceptable. The companies' ownership should be required to begin divestment immediately with shares placed into temporary control of neutral boards and plans to break up companies should follow within months with implementation set for the next 18 months not to begin in years.