roubini179_Amir LevyGetty Images_israeljudicialprotests Amir Levy/Getty Images

Israel’s Slippery Slope

Israel's right-wing government has raised alarms around the world with its plans to disempower the judiciary. But while most of the criticism has focused on the implications for Israeli democracy, the "reforms" pose an equally salient threat to Israel's economy, labor market, national wealth, and security.

TEL AVIV – My current visit to Israel has coincided with a period of unprecedented political turmoil. A radical right-wing government’s package of legislation to disempower the judiciary has started to be adopted, leading many to worry that this great country’s robust liberal democracy is being eroded.