The Take
How long can Israel afford its war on Gaza?
Jan 26, 2024
Nimrod Flaschenberg, a Writer and Activist, discusses the economic costs of Israel's war on Gaza, including decreased tourism and business activity. The podcast explores the financial impact of high military spending and the sustainability of the conflict. They also discuss the consequences of Israel's ban on Palestinian workers and the potential austerity measures due to increased war budget. The long-term sustainability of funding for settlements and occupation is also questioned.
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Quick takeaways
- Israel's war on Gaza is causing significant economic challenges, including declining tourism and struggling businesses.
- The war's financial burden is placing Israel's government in a challenging situation, with increased spending and potential credit rating downgrade.
Deep dives
Impact of war on Israel's economy
Israel's war on Gaza is having a detrimental effect on its economy, with businesses struggling and tourism declining. The war has led to a massive call-up of military reserves, resulting in labor shortages and a significant impact on the workforce. Additionally, Israel is facing the financial burden of paying for the war expenses and compensating reservists for missed workdays. The scale of the current war, characterized by extensive attacks and invasion of Gaza, is unlike anything witnessed before, causing extensive human toll and economic challenges.
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