Article 69M3E March of the unicorns: Israel’s tech sector rebels against Netanyahu ‘power grab’

March of the unicorns: Israel’s tech sector rebels against Netanyahu ‘power grab’

by
Bethan McKernan in Tel Aviv
from World news | The Guardian on (#69M3E)

Proposals to neuter the country's judiciary have spooked entrepreneurs who had seemed immune to the political weather

About 20 years ago, the skyline of Tel Aviv began to change. The city's collection of elegant white Bauhaus buildings has been joined by tower after tower, each one a salute to Israel's rapid transformation into one of the world's most important advanced technology centres.

It is no accident that the rise of the startup nation" has dovetailed with the career of its longest serving prime minister, Benjamin Netanyahu. Bibi, as he is widely known, is a firm believer in the free market and has championed Israel's vaunted hi-tech sector as his own personal achievement. At 15.3% of GDP, it is now Israel's main engine of economic growth, employing 10% of the country's salaried workforce, and generating about a quarter of income taxes.

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