:: Still Socialist ::

We are still a true socialist country.

We are, trust me.

True, the unions ("Histadrut") are not as strong as it used to be, but this is no longer important as the start-up industry is taking its place.

And how is that?

Well, money never sits still. It has to move around to gain interest. And socialism in it's true sense is a situation in which money (or Capital in our beloved Marx words) is flowing from those who have it to those who don't, thus closing the gaps between the rich and the poor (or Reversing the Superstructure, if you insist).

So what does this has to do with start-ups?

Simple. One Billion dollars were invested in Israeli companies during 1999. Expect the same amount this year, maybe more. This money came from those who have. They made it in Real Estate, in Sweatshops and in Banks. They invest it in start-ups wishing to make more. Well, some of them will, but most will not. And while they spend their money on those start-ups, who gets it? You do. The employee.

Isn't it nice that the rich pay us good money to sit in front of a PC, surf the net or write some code?

They might make millions, you might too. But that is a long shot.

In the new Socialism, one thing is certain - by year-end you can buy yourself a new 4X4 even if your company runs dry.

Isn't life swell here in the Wadi?

Wadi Writer #1 (wadilist@mail.com)