U.S. Military Aid and Economic Strain: Israel's Ongoing Conflict Under Netanyahu
An article by David Rosenberg on Haaretz discusses the economic and political challenges Israel faces under Prime Minister Benjamin Netanyahu's leadership, particularly due to his approach to prolonged military conflicts. Since the attack on October 7, 2023, Netanyahu has shifted Israel into a state of 'perpetual war readiness,' which has significant economic implications. The Israeli economy, heavily reliant on reserve forces, is not designed for long-term conflicts, yet military spending continues to rise. The cost of war has been substantial, with the first two years of conflict costing around $120 billion, and recent engagements with Iran adding at least another $12 billion. Despite a ceasefire with Lebanon, military operations persist in various regions, including Gaza and Syria, straining the economy further.