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.
Israel controls 40% of Gaza City, a military spokesperson said on Thursday, as its bombardment forced more Palestinians from their homes there, while thousands of residents defied Israeli orders to leave, remaining behind in the ruins in the path of Israel's latest advance.
Smoke rises after an explosion in Gaza, as seen from the Israeli side of the border, September 4, 2025. Reuters/Amir Cohen
Israel controls 40% of Gaza City, a military spokesperson said on Thursday, as its bombardment forced more Palestinians from their homes there, while thousands of residents defied Israeli orders to leave, remaining behind in the ruins in the path of Israel's latest advance.
"We continue to damage Hamas' infrastructure. Today we hold 40% of the territory of Gaza City," Israeli military spokesperson Brigadier General Effie Defrin told a news conference, naming the Zeitoun and Sheikh Radwan neighborhoods. "The operation will continue to expand and intensify in the coming days."
"We will continue to pursue Hamas everywhere," he said, adding that the mission will only end when Israel's remaining hostages are returned and Hamas' rule ends.
Defrin confirmed that army Chief of Staff Eyal Zamir told cabinet ministers that without a day-after plan, they would have to impose military rule in Gaza. Far-right members of Prime Minister Benjamin Netanyahu’s government have been pushing for Israel to impose military rule in Gaza and establish settlements there, which Netanyahu has so far ruled out.
Israel launched the offensive in Gaza City on August 10, in what Netanyahu says is a plan to defeat Hamas militants in the part of Gaza where Israeli troops fought most heavily in the war's initial phase.
Israel, which has now told civilians to leave Gaza City again for their safety, says 70,000 have done so, heading south.
The war began on October 7, 2023, when gunmen led by Hamas attacked southern Israel, killing some 1,200 people, most of them civilians, and taking 251 hostages into Gaza.
Prospects for a ceasefire and a deal to release the remaining 48 hostages, 20 of whom are thought to still be alive, appear dim.
By Steven Scheer and Nidal al-Mughrabi
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.
Turkish Foreign Minister Hakan Fidan on Wednesday met with Hamas political bureau officials in Ankara to discuss the ceasefire in Gaza and advancing the agreement to its second phase, a Turkish Foreign Ministry source said.
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