Despite the fact that Israeli police recently announced that these investment scams are largely run by organized crime, which has grown to “monstrous proportions” as a consequence of little to no law enforcement for years, the Israeli government, parliament and authorities have to date proved unwilling or unable to shut them down, in part because these fraudulent industries have a powerful lobby in the Knesset. Indeed, Israel’s democratic system has become riddled with corruption of late. Analysts who study Israel’s high-tech sector (and who were unwilling to talk on the record for fear of angering their colleagues) told The Times of Israel last year that an estimated 25 percent of the revenue of Israel’s lauded high-tech sector comes from shady or fraudulent industries, including online gambling, binary options, forex, downloaders/injectors (companies that put malevolent software on your computer without your knowledge), and the payment, affiliate marketing and adtech companies that service these industries.
Israel’s Finance Ministry recently issued a report showing that the cost of nearly every consumer product, with the exception of education and produce, is significantly higher in Israel than the OECD average. Analysts attribute this high cost to monopolists and rent seekers who pull strings and lobby the government to block competition in industry after industry.
Meanwhile, apartment prices have risen 118% in the last ten years, for reasons economists cannot fully explain. Recently, the sale of new apartments has slowed, which a report in The Marker by Nimrod Bousso attributes to a recent crackdown on money laundering in Israeli banks ordered by the Bank of Israel’s Supervisor of the Banks. The report suggests that rampant money laundering was a significant factor in the rise of apartment prices in the first place.
Dr. Avichai Snir, an economist at Bar-Ilan University, published a paper on the impact of money laundering on rising apartment prices in October 2014. He used the modified cash-deposits ratio method — an approach employed by economists to assess the size of a country’s shadow economy, based on how much cash is in circulation — and calculated that between the years 2008 and 2014, Israel’s off-the-books economy soared from approximately 22% to 28% of the country’s GDP. This is an astounding jump. The first figure puts Israel in the company of countries like Italy and Spain; the second resembles economies like those of Romania and Bulgaria.
Earlier this year, draft legislation that would have banned all of Israel’s fraudulent online trading companies, and not just the part of the industry called “binary options,” was watered down in the course of behind-the-scenes consultations among the Israel Securities Authority, the Justice Ministry and the online trading industry itself. Anti-fraud advocates were stunned to arrive at the Reforms Committee meeting where the legislation was being debated to discover that the bill had been constricted and truncated without their knowledge, as a direct consequence of input from the very industries it was originally formulated to target.
Сложно ожидать иного от нации, где гешефимахеров дохрена и больше. Если коротко, четиверть доходов всего израильского IT - это доходы от мошеннических схем, причем мошенники со связями в парламенте. А стоимость буквально всего (кроме еды и образования и то, потому что еду делают коммунисты в кибуццах) завышена в сравнении с остальными странами из за монополистов, которые поддерживают свои монополии через связи в правтельстве. Ну и там много всего остального, включая отмывание денег банками что привело к росту цен на жилье.