MCViewPoint

Opinion from a Libertarian ViewPoint

Everyone Washes Their Hands as Gaza’s Economy Goes Into Freefall – Antiwar.com Original

Posted by M. C. Fox on October 3, 2018

https://original.antiwar.com/cook/2018/10/01/everyone-washes-their-hands-as-gazas-economy-goes-into-freefall/

by 

The moment long feared is fast approaching in Gaza, according to a new report by the World Bank. After a decade-long Israeli blockade and a series of large-scale military assaults, the economy of the tiny coastal enclave is in “freefall”.

At a meeting of international donors in New York on Thursday, coinciding with the annual meeting of the United Nations General Assembly, the World Bank painted an alarming picture of Gaza’s crisis. Unemployment now stands at close to 70 per cent and the economy is contracting at an ever faster rate.

While the West Bank’s plight is not yet as severe, it is not far behind, countries attending the Ad Hoc Liaison Committee were told. Gaza’s collapse could bring down the entire Palestinian banking sector…

In fact, the main parties that could make a difference appear intent on allowing the deterioration to continue.

Israeli Prime Minister Benjamin Netanyahu has ignored repeated warnings of a threatened explosion in Gaza from his own military.

Instead, Israel is upholding the blockade as tightly as ever, preventing the flow of goods in and out of the enclave. Fishing is limited to three miles off the coast rather than the 20-mile zone agreed in the Oslo accords. Hundreds of companies are reported to have folded over the summer.

Intensifying the enclave’s troubles is the Trump administration’s recent decision to cut aid to the Palestinians, including to the United Nation’s refugee agency, UNRWA. It plays a critical role in Gaza, providing food, education and health services to nearly two-thirds of the population.

The food budget is due to run out in December, and the schools budget by the end of this month. Hundreds of thousands of hungry children with nowhere to spend their days can only fuel the protests – and the deaths.

The Palestinian Authority of Mahmoud Abbas, headquartered in the West Bank, has no incentive to help. Gaza’s slowly unfolding catastrophe is his leverage to make Hamas submit to his rule. That is why the Palestinian Authority has cut transfers to Gaza by $30 million a month.

But even if Abbas wished to help, he largely lacks the means. The US cuts were imposed primarily to punish him for refusing to play ball with US President Donald Trump’s supposed “deal of the century” peace plan.

Israel, the World Bank notes, has added to Abbas’s difficulties by refusing to transfer taxes and customs duties it collects on the PA’s behalf.

And the final implicated party, Egypt, is reticent to loosen its own chokehold on its short border with Gaza. President Abdel Fattah El Sisi opposes giving any succor either to his domestic Islamist opponents or to Hamas.

The impasse is possible only because none of the parties is prepared to make a priority of Gaza’s welfare.

Be seeing you

gaza

Middle East foreign policy.

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