Israel's kibbutzim give capitalism a try

01/26/2010 | Financial Times (tiered subscription model)

Israel's collective farms are turning away from their socialist origins and embracing the free market. With many of the farms now boasting annual sales in the tens of millions of dollars, egalitarianism is taking a back seat to hard-nosed business practices; many kibbutzniks now earn serious money as executives, and several kibbutz companies have been floated on New York and London stock exchanges. "We are now just like everyone else," says one kibbutz sales executive.

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