Israel’s permanent war on the Palestinians means permanent war on the working class at home
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Israel's war against Palestinians in Gaza and the West Bank is ongoing; Prime Minister Benjamin Netanyahu and IDF chiefs indicate a long-term conflict; Bank of Israel estimates war costs at NIS 250 billion ($68 billion) over two years; Israel's military budget is 4.51% of GDP, the highest globally; credit rating downgraded from A+ to A due to fiscal deficit increase; military spending demands an NIS 55 billion increase, totaling NIS 125 billion ($34 billion); public services face cuts, impacting education and social care; unemployment among young Arab citizens is significantly higher than Jewish counterparts; over 60,000 Israeli businesses expected to go bankrupt by year-end; war exacerbates poverty and economic instability.

#Israel #Palestine #War #Economy #Military #Budget #Unemployment #Poverty #SocialIssues #Politics

https://www.wsws.org/en/articles/2024/09/15/gjmi-s15.html