Summary of How do Hasidic Jews make money? | HASIDIC ECONOMY

00:00:00 - 00:10:00

The Hasidic Jewish economy is very local and relies heavily on income from the outside. Amazon and other large businesses are important contributors to the economy, but collective organizing and patronizing each other is also important.

• 00:00:00 The video discusses the Hasidic economy, which includes businesses run by Hasidic Jews as well as special needs that can be met by the secular economy. The phone book has both business phone numbers and advertisements for these businesses.
• 00:05:00 The video discusses how Hasidic Jews make money, with particular focus on the economy within Williamsburg, Brooklyn. Hasidim from various ultra-orthodox sects have been successful in the real estate market, spending billions of dollars in the past decade. College isn't necessary to become a successful Hasidic real estate investor, as the market has been favorable to them since before the neighborhood's rise in value.
• 00:10:00 The Hasidic Jewish economy is unique in that it is very local and relies heavily on income from the outside. Amazon and other large businesses are important contributors to the economy, but collective organizing and patronizing each other is also important. In recent years, there has been a palpable optimism and energy in the Hasidic Jewish economy, which may be a result of growing materialism and a western nation-like culture.