The UN Human Rights Council published a report last month on the economy of genocide, by Francesca Albanese, Special UN Rapporteur on human rights in the occupied Palestinian Territories. This political economy perspective has been missing and helps explain why the genocide goes on with impunity. The report is long, thorough and dense. The Center for Financial Accountability has put out an excerpts version.
One of the conclusions from the report:
While life in Gaza is being obliterated and the West Bank is under escalating assault, this report shows why Israel’s genocide continues: because it is lucrative for many. By shedding light on the political economy of an occupation turned genocidal, the report reveals how the forever-occupation has become the ideal testing ground for arms manufacturers and Big Tech – providing boundless supply and demand, little oversight, and zero accountability – while investors and private and public institutions profit freely. Too many influential corporate entities remain inextricably financially bound to Israel’s apartheid and militarism.