Members of Kibbutz Hanita near Israel’s northern border are demanding $11 million from Ballet Vision, the Chinese fund that controls 80% of the Hanita Lenses plant, accusing it of refusing to exercise an option to purchase the kibbutz’s remaining shares, according to a lawsuit filed in Tel Aviv District Court.

In a response letter attached to the lawsuit, the Chinese fund said that since the outbreak of the war in Israel, Beijing has classified Israel as a “high-risk area” and imposed a ban on any new Chinese investments in the country, making it impossible to carry out the option.

According to the lawsuit, in 2021 the kibbutz sold 74% of Hanita Lenses, which manufactures intraocular lenses for medical use, to Ballet Vision for $35 million. Of that sum, $25 million was paid to kibbutz members, with an additional $10 million injected into the company.

  • hector@lemmy.today
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    2 hours ago

    It just remains to be seen what type of revolution but you are right, there will be one, it’s just a question of if the left can overcome the democrats and give it to them, or if we will allow the far right to give it to them. And that answer is almost certainly the far right, which will call for another revolution at a minimum.

    Problem is the technology is so advanced, previous despots couldn’t dream of this level of total information on their people, autonomous forces, and enough polarization to get weird fast. It’s really not a revolution here with the far right though, it’s increased Oligarchic Repression. Every representative government goes through the same stages, as remarked by Plato observing countless Greek City States, often on expedited revolutions through the formula, but Rome followed it over 500 years as well, the UK is just now sliding into the same oligarchic repression, as is france, etc.

    But a tyrant/king/autocrat, becomes bad enough there is a revolution and they institutes a representative government, usually sort of an aristocracy doing most of the office holding but it all depends. Then through time that degenerates as the powerful become rich then more powerful and start abusing their fellow citizens, and it goes through several stages of what amounts to oligarchic repression but he lays out several -ocracies. Eventually the oligarchic repression becomes bad enough a strong man comes along, unites the population, and lays waste to the oligarchy, setting himself us as tyrant/king/autocrat, what they called democracy, which has since become a liberal buzz word in the late 19th century and changed meanings from what it was. And the cycle starts again as the tyrant becomes corrupt and capricious in time and is overthrown again.

    By the time of the tyrant overthrowing the oligarchy is more important than saving the system of government. Worth every cost to get rid of the aristocracy causing the problems.

    To be clear, the US president, and the far right menacing western europe and the west, are not that autocrat, they are an increasing stage of oligarchic repression. So while they give reform, we should not call that a revolution, it’s just a quicker descent into the abyss. Which will in time queue up a real leader, to fulfill the destiny of our republics, to kill them as they are terminal and put them out of their misery. Which will be a good thing by the time it gets there, it’s just with the tech it’s different this time in some ways. Very much the same in much of what Plato described however.

    • Cowbee [he/they]@lemmy.ml
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      2 hours ago

      The important factor is that the driver of revolution is the revolutionary class, and in the US Empire that will be the working classes, along with resolving the question of settler-colonialism. Decolonization and socialism are both necessities, driven by imperialist decay.