In some recent talks I’ve argued that the future may be coming first to both Israel and Singapore. Today let’s consider Israel by listing a few features of that country:
1. The tech sector is important, and, partially as a result of that, income inequality is very high; see Paul Krugman’s post on the latter.
2. There is a large segment of lower middle class, intelligent bohemians, whose low incomes do not reflect their real standard of living and orderly lives. Many of them study Torah, and receive a kind of (selective) guaranteed annual income.
3. The rent is too damn high, and that won’t be changing anytime soon, due to building restrictions. The bohemian class generally chooses lower rent venues to pursue its preferred lifestyle.
4. Unlike most current North Americans, Israelis do not take geopolitical stability for granted.
5. There is intense and widespread concern with demographics and the economics of population.