The FT has authored a concerning article indicating that the apartheid settler-colony, known as ‘Israel’, has suffered limited economic damage despite three years of genocidal crimes in West Asia.
However, supporters of Palestine shouldn’t despair. The piece indicates that, in the event of meaningful sanctions by the likes of the EU, and a continued exodus of high skilled professionals, the ‘Israel’s’ finances could begin to really suffer.
In the meantime, columnists Mehul Srivastava and James Shotter describe how “restaurants are full” in the settler-colony. This is a grotesque scenario in the Zone of Interest beside the starvation of the Gaza extermination camp.
The pair highlight:
There have been three quarterly contractions during nearly three years of conflict, but growth has rebounded each time.
Amir Yaron, head of the land theft project’s central bank, boasts of a “trampoline under the Holy Land”. It would be easy to write this off as more hasbara nonsense, but at least in its news reporting, the FT doesn’t tend to bullshit.).
Its business reporting is aimed at the world’s ruling class who want accurate information that enables them to maintain their dominance. Their readers don’t want propaganda intended to mislead the masses. That’s the job of the Daily Mail, the Sun and similar rags.
‘Israel’ Zionist militech tested on Palestinians
Independent data from the London Stock Exchange Group (LSEG) supports the article’s claims. It shows real GDP in ‘Israel’ has continued to grow strongly after an initial hit post-7 October 2023. It has been similar to the growth present prior to that event.
The FT says:
The surprising resilience has been underpinned by a formidable military-industrial complex, a flexible workforce, a large natural gas supply — and two decades of growth that turned Israel into a relatively wealthy, if unequal, nation.
There’s no denying these points either. The Zionist entity is able to build up a successful military and surveillance industry thanks to having a captive population of Palestinians to experiment on.
Sometimes referred to as the ‘Palestine Laboratory‘, the Tel Aviv terror regime eavesdrops on Palestinians’ private phone calls, surveils them further through endless checkpoints and kills them with missiles and drones. These can then be exported as ‘battle-tested’ to any amoral states looking to suppress their own populations.
The “flexible workforce” could be taken two ways. Option one is that workers can be hired and fired easily, given ‘Israel’ operates under a deeply neoliberal business regime. This is especially true for the disposable workers the settler-colony brings in from abroad. They have replaced the “hundreds of thousands of Palestinians in low-skilled jobs” who had their work and entry permits cancelled by the Netanyahu regime.
Option two is that the flexibility lies in the apartheid pseudo-state’s ability to switch their land thieves seamlessly between committing war crimes in Gaza, and a standard 9-5 job. When the state calls up reservists to the Israeli Occupation Forces (IOF), it pays their salary by compensating the employer. IOF murderers are even given a bonus on top.
The FT says the fake-state:
…has become adept at sending its population to work one week and war the next, with its high-tech workers able to work from home when the country was shut down in periods of active combat.
US hand-outs let terror economy run on easy mode
The bloodthirsty expansionists can’t manage this perfectly, however. The IOF has at times called up over 50% of a “300-employee cyber security company”, leaving them unable to hit revenue targets.
As for the “large natural gas supply” mentioned by the FT, it helps when you can just steal such resources from the population you subject to apartheid, ethnic cleansing and genocide.
The business-focused media outlet also highlights how ‘Israel’ is “buoyed by US support”. That’s one way to put “receives massive handouts and military support from the world’s hegemon“.
Far from being some hub of innovative geniuses as hasbara tells us, the settler-colony benefits hugely from having a reliable sugar daddy in Washington. The constant torrent of funds from there means the murderers occupying historic Palestine can play the economy game on easy mode.
This certainly makes grim reading for anyone who wants to see the genocidal terrorists punished for their massive crimes. Saying that, The FT does highlight some glimpses of light.
At least 100,000 Israelis have left the country since October 7, mostly high-tech workers, medical professionals and engineers, according to a study by Tel Aviv University.
Al Jazeera puts the figure even higher, at 150,000.
The Financial Times’ journalists also mention the prospects for ‘Israel’ if the likes of Europe ever get serious about trading sanctions. Amnesty International and UN figures have called for the EU-Israel Trade Agreement to be suspended. They rightly argue that under a human rights clause in the contract, the EU must halt the deal.
BDS the only way to crush ‘Israeli’ economy
The Boycott, Divestment and Sanctions (BDS) campaign has seen successes, with Co-op supermarkets in Britain and Italy ceasing to stock apartheid goods. ‘Israeli’ products are increasingly off-putting to consumers worldwide.
It’s clear that, especially with ongoing US support, the Zionist entity will not suffer the economic pain required to deter it from ongoing aggression. Only concerted boycotting by people across the world, alongside meaningful sanctions by states, can ensure accountability for the criminal project of mass murder and theft.
Featured image via Christopher Furlong/Getty Images
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