Named after himself, Flatto-Sharon's party ran on right-wing populism (he was a supporter of the Gush Emunim settlement movement) and promises to provide apartments to young voters.
The new party won 2% of the vote, enough for two seats. However, as it was a one-man list, only one seat was taken. It has been suggested that the surprising level of support that the party won was a response to France's refusal to extradite Abu Daoud, who was wanted in Israel for the murder of 11 Israeli Olympic athletes in Munich. Once ensconced in the Knesset, Flatto-Sharon joined Menachem Begin's coalition, with one of his first acts being to vote in favour of a law that prohibited the extradition of Israeli citizens.
Later during the Knesset session he renamed the party Development and Peace and also helped in negotiations to free Israeli POWs. However, after serving for two years, Flatto-Sharon was convicted of vote buying, sentenced to nine months in prison and suspended from the Knesset. After several appeals, he was finally jailed for three months in 1984.
The party ran in the 1981 and 1984 elections, but did not pass the electoral threshold of 1% in either, and subsequently disappeared. Flatto-Sharon was never extradited to France to serve the five year sentence given to him in his absence, as the five year statute of limitations had expired. He is now an established businessman and billionaire.