The Gaza economy had been destroyed long before the Israeli bombardment and ground assault started. Now, following 13 days of death and destruction, even the most basic infrastructure required for private sector activity lies in ruins.
“No one talks about business now,” says Faysal Shawa, general secretary of the Palestinian Businessmen Association. “Everything has been shut down for months and now we are suffering even more.”
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Blunt assessment of the infrastructure and economic cataclysm in Gaza, and the bleak long-range outlook for the possibility of recovery in this devastated territory.
Gaza has become a killing ground, while the US stands by and helps it happen. The sorriest fact is that this will hurt both Israelis and Palestinians, further destabilize the Middle East, amp up crimes of antisemitism, and raise the likelihood of terrorist attacks against Americans anywhere in the world.
Israel’s long-running closure of the Gaza Strip has starved companies of raw materials and robbed them of the chance to ship goods and agricultural produce abroad. The ... More »
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