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Upstream

Palestine Pt. 5: The Political Economy of Palestine with Adam Hanieh

Dec 19, 2023
Adam Hanieh, an expert in the political economy of Palestine, discusses the ongoing Israeli aggression and mass slaughter of Palestinians. He explores the impact of the Oslo Accords on the political economy of Palestine and the expansion of Israeli settlements in the West Bank. Additionally, he delves into the role of neoliberalism, US influence, and international financial institutions in shaping the Palestinian economy.
01:01:24

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The US plays a significant role in managing the Palestinian economy through military aid and support of neoliberal economic strategies, which contributes to the ongoing destruction and economic struggles faced by the Palestinian people.
  • The struggle in Palestine is deeply intertwined with the broader struggle against the unequal distribution of wealth and power in the Middle East, where neoliberalism reinforces the subjugation of the population and benefits a small segment while impoverishing the majority, calling for a comprehensive understanding of the political economy of Palestinian capitalism.

Deep dives

US Role in Managing the Palestinian Economy

The US plays a significant role in managing the Palestinian economy through its military aid to Israel and its influence on international financial institutions such as the World Bank and the IMF. The US provides billions of dollars in military aid to Israel, which has a direct impact on the ongoing destruction in Gaza. The US also exerts control over the Palestinian economy through its support of neoliberal economic strategies and fiscal austerity measures. Additionally, the US has played a role in shaping the framework of the Israeli-Palestinian conflict, including the Oslo Accords, which have contributed to the fragmentation and control of the Palestinian population. Understanding the US role is crucial in comprehending the broader geopolitical dynamics of the region and the economic struggles faced by the Palestinian people.

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