I stumbled this morning across a Bloomberg article, published on Wednesday, June 1 – that seems to indicate, to my incredulity and joy, that the Boycott, Divest & Sanction (BDS) movement against Israel – started by Palestinians with the purpose of hindering or even destroying the economy of Israel – is not only losing steam globally – but in fact may have had the opposite desired impact.
According to this article, a deep look into the state of foreign investment in Israel suggests that the BDS movement to boycott Israel is failing.
BDS, founded in 2005 by a group of Palestinians and seen by many as an anti-Semitic effort to single Israel out for punishment, seeks to prevent investors from doing business in Israel. And it seemed at first to be working, according to Bloomberg:
Physicist Stephen Hawking shunned a Jerusalem conference hosted by Israel’s president, singer Lauryn Hill canceled a Tel Aviv concert and a giant Dutch pension fund blacklisted five Israeli banks. All are signs that an international movement to isolate Israel is gaining ground.
However, in the very next paragraph, you can almost see the jaw dropping and hear the gasp of the Bloomberg writer, Sangwon Yoon:
Yet an examination of foreign capital flow into the country shows the opposite trend – a steep increase. Foreign investments in Israeli assets hit a record high last year of $285.12 billion, a near-tripling from 2005 when the so-called Boycott, Divestment and Sanctions (BDS) movement was started by a group of Palestinians. (Emphasis mine)
Of course, the movement was weakly developed and initially founded with a series of very poorly considered realities:
- It reeked of anti-Semitism and while many could have looked at individual situations and thought that Israel went to far here and there since its founding in 1948, to seek to compleetely obliterate their total economy to many was just too obvious in its end-goal.
- It didn’t take into account the power of Israel’s allies. Nations like Canada stepped up and created laws that outlawed the BDS movement within their borders.
- It didn’t take into account the wealth of American Jews, who saw the movement from the beginning as an economic Holocaust, and refuses to let it happen again. Well, some of them fell into the whole disgusting boycott – one wonders what on earth they are thinking by doing so? Some day they may need Israel and will she still exist when they do?
- It had far too many Palestinian victims. We reported previously about the attacks made on carbonated beverage machine maker Sodastream – and how those stupid efforts resulted in over 600 Palestinians losing their good-paying jobs. And when asked what their response to this was, a Palestinian Authority spokesman made it clear that collateral damage like this was acceptable. The fallout from such a stupid statement was the unmasking of the true hatred and anti-Semitic foundation of this movement.
But the worst is not over. We will not rest until BDS has been destroyed worldwide and the economy of the independent state of Israel, which has every right to exist on the world stage, can continue unabated.
Long Live Israel!