Daily Israel Report
14:46
Reported

News Brief

  4/22/2012, Nisan 30, 5772

Gov't: Break Up Those Monopolies!


The government on Sunday unanimously approved the findings of a committee on monopolization of the economy, approving plans to encourage not only competition, but also the breakup of large “pyramidical” corporations that own many businesses not connected to their core business. The recommendations include passing legislation that would regulate the size of companies and impose penalties on corporations and individuals who “concentrate” too much wealth or too many assets in a single entity.