Wrong, dingbat!!!
"The Zionist historical record needs to be corrected: the economic foundation of the State of Israel is not based on socialism...
Professor Katz has done a great service to correct the historical record on the issue of Israel's true economic origins and roots. Socialists didn't redeem the land of Israel; capitalists and private entrepreneurship did."
https://www.israelnationalnews.com/news/337330