Wealth Inequality in Israel: 2nd Highest Among OECD Countries

This brief video [01:34] from i24News, an Israel based international news channel, reports that in 2016 Israel was ranked among the 34 OECD countries (Organization for Economic Co-oeperation and Development) as having the 2nd highest gap between the rich and the poor.  Even though the Israeli economy has been growing over the last 13 years and has “exceptional stability,” the transition from socialist to capitalist structures has primarily left the lower-class behind, says i24News journalist Daniel Roth. He points out that this is evidence that an economy can be stable while wealth inequality increases.