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'The Economic Case for Supporting Israel'

10:06 AM, Jul 5, 2011 • By DANIEL HALPER
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George Gilder writes in the Wall Street Journal:

For the U.S., moving on means a sober recognition that Israel is not too large but too small. It boasts a booming economy still absorbing overseas investment and a substantial net inflow of immigrants. Yet it is cramped in a space the size of New Jersey, hemmed in by enemies on three sides, with 60,000 Hezbollah and Hamas rockets at the ready, and Iran lurking with nuclear ambitions and genocidal intent over the horizon.

Clearly, Israel needs every acre it now controls. Still, despite its huge technological advances, its survival continues to rely on peremptory policing of the West Bank, on an ever-advancing shield of antimissile technology, and on the unswerving commitment of the U.S.

But this is no one-way street. At a time of acute recession, debt overhang, suicidal energy policy and venture capitalists who hope to sustain the U.S. economy and defense with Facebook pages and Twitter feeds, U.S. defense and prosperity increasingly depend on the ever-growing economic and technological power of Israel.

If we stand together we can deter or defeat any foe. Failure, however, will doom the U.S. and its allies to a long war against ascendant jihadist barbarians, with demographics and nuclear weapons on their side, and no assurance of victory. We need Israel as much as it needs us.

Whole thing here.

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