D • IVE A LITTLE SAVE A L • 11
'96 CAMRY ELITE EDITION
PRIVATE page 116
partment store chain's 2,400 em-
Automatic • Power Windows • Power Locks • Gold Package • Alarm
Woodgrain Dash • Keyless Entry • Mud Caps • Tilt Wheel • AM/FM Cassette
NO ACQUISITION
NO FREIGHT
NO SURPRISES
SO$249
Down _ 7r 24
'96 TOYOTAS 1 4 OVER INVOICE**
MICHIGAN'S #1 VOLUME TOYOTA DEALER
SPARTAN
MOTORMALL
TOYOTA, LEXUS, MITSUBISHI
517-394.6000
Lansing (1-96 Exit 104)
Monday & Thursday 9-9
Tuesday, Wednesday, Friday 9-6
Saturday 10-5
*24 month closed end lease based on approved "MCC credit. $0 down, 1st months payment, security deposit, tax, title, plates due at signing. 12,000 miles per
year allowed, 10c per mile over. Lessee has option to purchase at lease end for $14,452. Lesse responsible for excess wear and tear.
**RAV4, 4 Runner and Landcruisers excluded. Dealer invoice may not reflect actual cost. Good thru 8124/96
TRANSFER YOUR HOME MOVIES
8mm-16mm TO VHS
'SIZZLING/,
• SUMMER
SALE
∎
•
CONN CAMERA
(- Film Length In Feet
8mm & Super 8 & 16
1-200 Feet
201-400 Feet
401-600 Feet
601-800 Feet
801-1000 Feet
2 Weeks Only
30% Off
All 14K Earrings
Diamond and Colored Stones
Included
Ikg
DISCOVER THE DIFFERENCE
118
Harvard Row Mall
21750 West 11 Mile Road
Southfield, MI
810-358-5540
Monday - Wednesday 10-6
Thursday 10-8
Friday 10-5
$20.00
$26.00
$39.00
$52.00
$65.00
Film Over 1,000 Feet Add 60 A Foot
(Video Tape $8.00 Additional)
3017 N. WOODWARD
ROYAL OAK
VISA
Mauer Care
(3 Blocks South of 13 Mile)
r
Summer Special
FREE
BACKGROUND
MUSIC
On Any Video Transfer
Century Camera 288-5444
With This Coupon. Expires 9/16/96
810-288-5444
Daily & Saturday 10-6
Friday 10-8
trilA " R I t "
Sugar Tree Plaza • Just North of Maple
West Bloomfield
EVERYTHING JUDAICA
FOR THE JEWISH HOME
(810) 932-3377
Cold Fur Storage
IN DOWNTOWN BIRMINGHAM (810) 642-1690
Summer Hours: Tues.-Sat. 9:30am-5:30pm
ployees were laid off when the La-
bor government sold it three years
ago, and another wave of firings
is in the offing now.
Yet Mr. Lyon said, "I consider
the Shekem privatization to have
been a success, if nothing else be-
cause we [the government] are no
longer responsible for the compa-
ny's losses." The goal of privatiza-
tion, he emphasized, is "to make
these companies more productive.
We do not want to see workers
laid off, but in cases where work-
ers are not productive, layoffs may
be necessary."
While privatization may seem
like a panacea to Reaganite econ7
omists, it has brought many un-
desirable results in other
countries. The sale of Buenos
Aires's water utility to an inter-
national concern turned the op-
eration profitable, and
dramatically increased the qual-
ity of service, but 4,000 of the util-
ity's 7,000 employees lost their
jobs.
In England, privatization of the
trains and the Essex water utili-
ty led to a drastic deterioration in
service, as the new private own-
ers kept the profits to themselves
or dealt them out to shareholders
instead of investing them in the
companies.
There are liabilities to privati-
zation which are peculiar to Israel.
The key method of selling off gov-
ernment-owned companies is by
offering their shares on the stock
market, and the Tel Aviv Stock
Exchange has been in the dol-
drums for two years.
And in such a small, insecure
country like Israel, vital industries
like the Israel Electric Corp.,
Bezek Telephone and Israel Mil-
itary Industries are instruments
of national survival more than o_f
profit.
"Before the Yom Kippur War,
all the foreign airlines refused to
land here. El Al was the only one
going in and out. So a company
like El Al can't just be sold off to
the highest bidder from any coun-
try. It's necessarily a lengthy, del-
icate process," said Professor
Barkai.
Privatization is more than just
a matter of economics. It goes to
the heart of social philosophy, and
becomes a natural battleground
for liberals and conservatives. Lib-
eral economics commentator Arye
Caspi of Ha'aretz wrote:
"Privatization has turned into
a symbol of America's victory over
the Soviet Union. It's not a coin-
cidence that Netanyahu, a man
addicted to the banal consensus-
es of the American media, made
it into one of his banners. The ide-
ology of the market turned many
politicians into hostages of priva-
tization. The media grades them
according to how many govern-
ment companies they've sold. The
result: the sale of government
companies are sometimes against
the public interest." ❑
,_/