How Did Israel Become the Tech Capital of the World?

Israel’s economy was once envisioned as a Socialist utopia, controlled by the socialist labor union Histadrut. However, in the 1990s, the government nationalized health insurance and eliminated Histadrut’s control, transitioning to a market economy. Today, Israel is renowned as a fast-paced “start-up nation,“ where innovation plays a key role in its economic success. Chapters 00:00 Intro 01:29 Socialist roots 02:45 The Histadrut 03:14 The Conflict 03:41 Demographic change 04:12 Near economic collapse / recovery 05:22 Economic damage from war 06:10 Soviet Jewish immigration 07:02 Health insurance nationalization 07:37 Market economy 09:02 Necessary Israeli innovation 10:11 Investment in hi-tech 10:34 Unequal distribution of wealth / cost of living 10:56 2011 Cottage cheese boycott / tent protests 12:47 Government reforms 12:59 Cost of living stats Subscribe and turn on your notifications so you don’t miss future uploads! htt