Jewish state hating radical Leftists couldn’t care less, when it’s Israel in the cross hairs, collateral damage is acceptable.
Boycott Israel Movement Stunts The Palestinian Economy
A push to “boycott, divest and sanction” (BDS) Israeli companies has limited impact on the credit profile of Israel, yet it directly harms its intended beneficiaries, the Palestinians. The BDS movement, including universities, pension funds and leaders of some Christian denominations (to the chagrin of many congregants), ignores economic data. And it coincides with a disturbing rise of violent anti-Semitism across Europe.
“The impact of BDS is more psychological than real so far and has had no discernible impact on Israeli trade or the broader economy,” Kristin Lindow, senior vice president at Moody’s Investors Service and Moody’s lead analyst for Israel (in full disclosure, a former Moody’s colleague) toldForbes. “That said, the sanctions do run the risk of hurting the Palestinian economy, which is much smaller and poorer than that of Israel, as seen in the case of SodaStream.”
While the broader Israeli economy is presently shielded from BDS, one victim is SodaStream, an Israeli company manufacturing DIY soda that shuttered a West Bank factory and moved it to southern Israel. This cut hundreds of jobs for Palestinians that reportedly paid between three and five times the local prevailing wage.