[lbo-talk] Israel's Roaring Economy

[Nicholas Ruiz III]

Perhaps it is only that war is 'good' for certain
sectors of an economy...such 'death benefits' do not
necessarily trickle down and out through the general
economy...our America is a wonderful example of this,
no?

NRIII

--- Doug Henwood <dhenwood at panix.com> wrote:


> 
> On Jun 20, 2007, at 10:34 PM, Yoshie Furuhashi
> wrote:
> 
> > Compare the paltry ten-year average Israeli per
> capita growth rate of
> > just 1% for 1996-2006 and the respectable
> 2004-2006 average of 5%, and
> > we can see that Hamas's unilateral 18-month
> ceasefire and entry into
> > electoral politics has done wonders for Israeli
> economy (in stark
> > contrast with the declining economy of the Al Aqsa
> Intifada years that
> > is shown in your graph
> 
> Not sure if there's really a cause-effect here, but
> if there is, it  
> would undermine Naomi Klein's claim that war is good
> for the Israeli  
> economy.
> 
> Doug
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Dr. Nicholas Ruiz III
Editor, Kritikos
http://intertheory.org