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Showing posts from May 26, 2024

Israel’s Permanent ‘War Economy’

It is a good summary and a well-researched article . I think it needs more elaboration on Israel’s shift to ‘a neoliberal economy’.  The Israeli’s economy is not just a ‘war economy’. It is 1. a capitalist political economy with its internal dynamics and 2. a global political economy. Class is absent in the analysis as if Israel is a unique case where ‘nationalism’ (and religion or both) decide rather than a ruling class or a coalition that represents different classes. Falling rate of profit or as Nitzan and Bichler put it in a seminal work that serves as a background and a starting point of Israel economy today “the profit margins of dominant capital started to feel the pinch.” This is a major factor in the form of capitalism Israel shifted to in order to maintain or increase the regime of capital accumulation.  Related After the economic crisis that hit a few countries in the 1990s then the 11 of September attacks on the US, the crisis reached Western countries. “The impact on Israe

Quote of the Week: Men and Making History

Men make their own history, but they do not make it as they please; they do not make it under self-selected circumstances, but under circumstances existing already, given and transmitted from the past. The tradition of all dead generations weighs like a nightmare on the brains of the living. —Karl Marx, The Eighteenth Brumaire of Louis Bonaparte, 1852