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How Do You Say ‘Crony Capitalism’ in Hebrew?

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It turns out there’s a phrase for the reality of ‘crony capitalism’ in Hebrew: hon v’shilton, which is “literally translated as capital and government, an expression Israelis use to describe the rich’s influence on government.” Check out Bloomberg Businessweek for an overview of current controversy on Israel’s “business elite.”

Of course business need not corrupt government. But the temptation for those with a concentration of economic power to turn that into political advantage in order to retain economic dominance is perennial. In a 2008 interview with venture capitalist Ronny Douek, who founded the Israel Center for Civil Society, Jerusalem Post interviewer Ruthie Blum Leibowitz asked Douek about hon v’shilton:

Doesn’t the connection between business and politics – what we call “hon v’shilton” – have negative connotations?

Yes, unless it is defined as taking mutual responsibility for society. With the right balance, it can only be a good connection. Take, for example, people here who saw ways in which they could have an influence on road safety or education…

Douek’s answer refers to his pluriform view of social life, in which he likens Israel “to a table resting on three legs – the government, civil society and business.”

As an aside, one instance of the ancient Hebrew root for the modern term shilton appears in Ecclesiastes 8:4 as supreme: “Since a king’s word is supreme, who can say to him, ‘What are you doing?'”

Jordan J. Ballor Jordan J. Ballor (Dr. theol., University of Zurich; Ph.D., Calvin Theological Seminary) is a senior research fellow and director of publishing at the Acton Institute for the Study of Religion & Liberty. He is also a postdoctoral researcher in theology and economics at the VU University Amsterdam as part of the "What Good Markets Are Good For" project. He is author of Get Your Hands Dirty: Essays on Christian Social Thought (and Action) (Wipf & Stock, 2013), Covenant, Causality, and Law: A Study in the Theology of Wolfgang Musculus (Vandenhoeck & Ruprecht, 2012) and Ecumenical Babel: Confusing Economic Ideology and the Church's Social Witness (Christian's Library Press, 2010), as well as editor of numerous works, including Abraham Kuyper Collected Works in Public Theology. Jordan is also associate director of the Junius Institute for Digital Reformation Research at Calvin Theological Seminary.

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