Israeli law makes greedy capitalist business behavior mandatory

Israel’s 1999 Companies Act, Article D, Section 11 (a) states that the purpose of a company is to make money. Period. Not to serve the people.

An electronic board displaying market data is seen at the entrance of the Tel Aviv Stock Exchange, in Tel Aviv, Israel

An electronic board displaying market data is seen at the entrance of the Tel Aviv Stock Exchange, in Tel Aviv, Israel

(photo credit: REUTERS)

BySHLOMO MAITAL

DECEMBER 31, 2022 01:13

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