Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

When the US Supports Israel, What Exactly is it Supporting?

Politics / US Politics Jul 26, 2014 - 08:49 PM GMT

By: Michael_S_Rozeff

Politics

According to the Congressional Budget Office, “Israel is the largest cumulative recipient of U.S. foreign assistance since World War II. To date, the United States has provided Israel $121 billion (current, or non-inflation-adjusted, dollars) in bilateral assistance. Almost all U.S. bilateral aid to Israel is in the form of military assistance, although in the past Israel also received significant economic assistance.” Other special benefits also flow to the Israeli military. Each year, the U.S. pays for about 20 percent of Israel’s overall military spending, and the total places Israel as the 16th largest military spender in the world. “In 2007, the Bush Administration and the Israeli government agreed to a 10-year, $30 billion military aid package for the period from FY2009 to FY2018.” Obama has renewed that pledge.


The U.S. routinely supports Israel’s policies and avoids condemning Israel for its rights violations against Palestinians. It may never have done so. This week, for example, the U.S. cast the sole vote against the U.N. Human Rights Council Resolution concerning the Occupied Palestinian Territory. The vote was 29-1. A link to the full text of the resolution is here. (The texts vary slightly in different reports.)

Because the U.S. government has made itself virtually one with Israel, we must ask the question: What exactly is the U.S. supporting when it supports Israel? One cannot arrive at answers to this question without examining Israel’s history. One may make a start by reading Theodor Herzl’s 1896 pamphlet “The Jewish State”, a visionary tract. This provides insight into the goals of Herzl and his assumptions behind colonizing Palestine. How the colonization actually worked out has not been as he planned. Israel continues to be a problematic state, an expansionary state, and what is worse, a dangerous nuclear power state. Wikipedia has a number of articles on the history. This one provides a start. One thing the U.S. supports when it supports Israel is what Israel is doing in Gaza at this moment.

Murray Rothbard has a highly readable and valuable account of the history up to 1967.

Although America has stood in theory as a melting pot and a country that favored the assimilation of many peoples from all over the world, and in practice was against Black Nationalism, the U.S. government has supported Jewish Nationalism in Israel. It has supported a society that could only support such a state by being exclusionary and segregated, or even ethnically cleansed. The philosophy behind that state rested on Herzl’s assumptions, which in my view were deeply flawed. He simply ignored the native population of Palestine. He simply asserted that Jews were a people one people, that assimilation was out of the question and that a Jewish State was a solution to anti-Semitism. All of these assertions are questionable. He declared that “Palestine is our ever-memorable historic home.” Can any people or ethnic group of today return to the place where their ancestors originated with the idea of displacing its current residents and making their own State? No one would approve of such an idea. Anyway, this “historic home” idea was really not true of all Jews after 1,800 years had passed and Jews had had many, many homes in many lands. It was an appeal to a subset of Jews who wanted to emigrate and maintain their culture with others of their kind. Nor could this idea justify a Jewish State governing Palestine and its then current Arab inhabitants. But in addition Herzl’s philosophy in practice assumed a much more militant and exclusionary form as new generations appeared after him. In particular, David Ben-Gurion was an exponent of power and force.

Israel is a brutal state as the latest excesses of destruction and killing of innocent Palestinians in Gaza show. That’s what the U.S. supports.

Michael S. Rozeff [send him mail] is a retired Professor of Finance living in East Amherst, New York. He is the author of the free e-book Essays on American Empire.

    http://www.lewrockwell.com

    © 2014 Copyright Michael S. Rozeff - All Rights Reserved
    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Michael S. Rozeff Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in