Israel
Israel’s economy: A Banana Republic run by monopolies
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
The far-right Jewish Power party, led by Israeli National Security Minister Itamar Ben Gvir, announced on Sunday its withdrawal from the ruling coalition over a disagreement with Prime Minister Benjamin Netanyahu regarding the ceasefire agreement with Hamas.
Itamar Ben Gvir © Mena Today
The far-right Jewish Power party, led by Israeli National Security Minister Itamar Ben Gvir, announced on Sunday its withdrawal from the ruling coalition over a disagreement with Prime Minister Benjamin Netanyahu regarding the ceasefire agreement with Hamas.
In a statement issued by the party, the ceasefire was condemned as “scandalous” and unacceptable. “Following the approval of the scandalous agreement with the terrorist group Hamas […] the [three] ministers of the Jewish Power party have recently submitted their letters of resignation. The Jewish Power party is no longer a member of the coalition,” the statement declared.
Ben Gvir’s departure does not topple Netanyahu’s government, which still maintains a slim majority in the Knesset. However, the exit marks a significant rupture within the coalition, exposing divisions over the handling of the truce with Hamas, which has been a point of contention within Israel’s political spectrum.
Ben Gvir, known for his hardline views and controversial rhetoric, was a key ally of Netanyahu and served as Minister of National Security. His party’s exit underscores rising discontent among Israel’s far-right factions, who have pushed for more aggressive actions against Hamas.
While the ceasefire agreement aims to de-escalate tensions, it has faced criticism from various quarters, including from Ben Gvir and his allies, who view it as a capitulation to terrorism. The government, however, argues that the truce is necessary to prevent further bloodshed and create space for diplomatic efforts.
By Nathan Levi
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Israeli Prime Minister Benjamin Netanyahu accused Hamas on Wednesday of violating the Gaza ceasefire agreement after a military officer was wounded by an explosive device in Rafah and Israel vowed retaliation.
Israeli Defence Minister Israel Katz said on Tuesday that the military would never fully withdraw from the Gaza Strip for security reasons and that a civilian-military army unit would be established in the Palestinian enclave.
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