This move by Netanyahu and his most extreme allies shows, despite a legitimate right-shift in the electorate, the prime minister actually has less control over his coalition than once thought. Facing scrutiny over bribery and fraud charges, the only way Netanyahu can maintain his power is by ripping apart Israel's long-standing democratic institutions and criminalizing judicial dissent. We are watching an authoritarian coup in real time.
Despite the left arguing that these judicial reform plans threaten democracy, it's actually quite the contrary. The self-appointed Israeli Supreme Court has autocratic, unchecked powers that allow it to nullify and rewrite democratically-enacted laws and policies on the basis of subjective justifications. Therefore, this move is crucial to curb the court's undemocratic excesses and protect the rule of law.
Though there's much talk from the Israeli left that the country's democracy is under threat, for Palestinians, it has never been a democracy. Apartheid and democracy are completely mutually exclusive, and the only reason Israelis are protesting in the first place is because they want to maintain the system that has oppressed Palestinians for 75 years.
There's a 50% chance that Israel will have a national election for Knesset in 2023, according to the Metaculus prediction community.