“socialist” as in the only serious non-oilbased stock market in the middle east? “socialist” as in having a market economy which the government doesn’t rule by fiat, which occurs in the Islam nations it borders? “Socialist” as in ruled by the people instead of a dictator (or King, General, “King Salman” is no different than General Secretary Salman in practice).?
Suffice to say, if Israel were a state in the US it would be left of California on many, many issues. They've developed a strong technology base and sense of self-preservation, because unlike American lefties they don't have the luxury of playing make-believe when it comes to survival.