The Limited Times

Now you can see non-English news...

The Industry Against Democracy

2019-12-24T21:47:10.244Z


Esther Luzzatto


A group of high-tech industry executives filed a petition with the High Court demanding a declaratory order, which states that the role of the government should not be imposed on a MK who decided to indict him for misdemeanors. Although it is an elite group, I have some doubts about their motives, partly because of the link between some of the high-tech elite and the Blue and White Party. I will mention that on the eve of the April election, about 100 senior entrepreneurs and venture capitalists met the party leaders, who told them that "it is hoped that after 13 years of Netanyahu, high-tech can be promoted, expanded, and helped grow. It".

But Netanyahu has already done that. In his 20 years of serving as Prime Minister and Minister of Finance (and in other ministry positions), Israeli high-tech has made a leap forward and has become the forefront of the Israeli economy, advancing the national economy forward, just as we would with Netanyahu - and rightly so - for him There was a national economic crisis here, so the basic fairness must also give him credit for the economic success of the last two decades.

The PM was among the first to see the potential of the emerging cyber realm, both because of national security technologies and the importance of information security in civil and business systems. He appointed Gen. (res.) Prof. Isaac Ben-Israel to head the team that drafted the national plan On the basis of this work, we later built national cyber systems and very much the high-tech park in Beersheba. On the basis of this work program, research centers were set up in the academy, allocating government budgets and encouraging large technology companies to carry out their R&D activities in Israel. The result - Israeli civilian exports of cyber increased in some years by about 600% and reached almost 10% of the global market. 18% of global cyber business investment has been invested in Israel.

The PM also took practical steps to strengthen the industry. For example, double regulation was abolished for US-traded companies, creating certainty and uniformity in mergers and acquisitions, which are the essence of the industry. With regard to manpower shortages, several programs have been promoted in the field, implemented by Tel Aviv, which have led to an increase in the number of university graduates by 40%. The government has even changed the legislation on high-tech taxation and first defined what is a high-tech law - again on a green track, Even if we assume that all of these are not lost on the eyes of the high-tech industry leaders, it is highly desirable that senior executives of the industry against Netanyahu should not underestimate his important contribution to the industry that fueled the economy.

Dr. Esther Luzzatto is associate director of the Luzzatto Patent Attorney Group

For more opinions of Esther Luzzatto

Source: israelhayom

All news articles on 2019-12-24

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.