The Pilgrims tried socialism at Plymouth. After two years, they returned to private enterprise. Likewise, Israel was founded as a socialist state but has back turned toward free markets.
Rabbi Menashe Sasson
Menashe Sasson is a Sephardic rabbi and American attorney who resides in Jerusalem, Israel. He is the Executive Director of The Israel Foundation, a U.S.-based not-for-profit organization that provides Jews and Noahides with a Torah perspective on The Land of Israel, Contemporary Jewish Law, and Torah for Noahides. HaRav Sasson can be contacted via: www.TheIsraelFoundation.org.