LOGO: Truthdig: Drilling Beneath the Headlines. A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman. Winner 2013 Webby Awards for Best Political Website
May 21, 2013

 Choose a size
Text Size

Trending:     chris hedges     economy     elizabeth warren     politics     robert scheer
Most Read

Rise Up or Die

Revenge of the Bear: Russia Strikes Back in Syria

Real American Boy: How Our Byzantine Immigration System and Failed Economy May Have Made a Terrorist

Tumblr Is Worth $1.1 Billion to Yahoo for One Reason: You

It's News, Not Espionage

Most Comments
Most Emailed

Reports
 * NEW! * Too Soon to Tell: The Case for Hope, Continued
 * NEW! * Warming Climate Endangers U.K. Farming

Ear to the Ground

A/V Booth

Arts & Culture
Act of Congress
Daily Rituals
The Girls of Atomic City

Digs

Truthdig Bazaar more items

 
Ear to the Ground

Profiting From Peace

Email this item Email    Print this item Print    Share this item... Share

Posted on May 2, 2010
Flickr / International Monetary Fund

Stanley Fischer speaks at an International Monetary Fund meeting in 2009.

Who would have thought that peace could be good for the economy? Ask Stanley Fischer, Israel’s central bank chief, who delivered that startling pronouncement in a speech this weekend, arguing that a peace deal between his country and the Palestinians would actually help Israel achieve “one of the most advanced economies in the world.” —JCL

Reuters:

Bank of Israel Governor Stanley Fischer said on Sunday Israel could become a leading economy globally if a Middle East peace deal is reached but that the key challenges for now were to accelerate growth and cut poverty.

The Zambian-born, U.S. and British educated Fischer, in a speech after he was sworn in for a second five-year term as central bank chief, said economic success hinged on maintaining a strong military.

“This economy, with its dynamism and creativity, could grow much faster if we were to achieve peace with our neighbors,” said Fischer, 66, who is credited with helping to keep Israel’s economy and financial markets afloat during the global downturn.

Read more

More Below the Ad

Advertisement


New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By diman, May 3, 2010 at 9:09 am Link to this comment

What a poor attemt to clear the conscience, after knowing that you have been a significant part of the murderous and opressive regime.

Report this
Leefeller's avatar

By Leefeller, May 3, 2010 at 1:22 am Link to this comment

Peace would work, except Israelis neighbors would become
jealous if they are not already. This would create a
different problem for Palestine if they agreed to
peace.

Maybe this peace idea would work for the USA? Then the
USA could fix its socialist pot holes, (things for
society but not capitalist in nature, like roads,
transportation, schools, etc.) even a socialist
universal medical care or socialist anything that needs
fixing, how about spending money on education, instead
of our socialist military and its war subsidized
complex?

Actually Peace would be a bad idea, what is one to do
with all those weapons in a world of peace?

Report this

By rollzone, May 2, 2010 at 4:33 pm Link to this comment

hello. well, i just read it like here is a positive example of what you can make of yourself. i pity the poor guy, putting a bulls-eye on his chest, proclaiming, “Give Peace a Chance”. Imagine. (RIP John)

Report this

By gerard, May 2, 2010 at 2:57 pm Link to this comment

Postscript:  Note the subtle discriminatory implications of this identificatioin of Mr. Fischer:
“The Zambian-born, U.S. and British educated Fischer,—As if:  We hasten to explain that Mr. Fischer, although he was born in Zambia, is reliably credentialed by the fact that he was educated in US and Britain, thereby freed of all “indigenous” taints of second-class upbringing due to having been born in a Third World country, etc. etc. 

Or am I wrong?  We “white vunderkind” do this kind of thing all the time and don’t even notice it.

Report this

By gerard, May 2, 2010 at 11:50 am Link to this comment

Oh, that even one of our famour economists would dare to say such a thing in the U.S.!

Report this
Newsletter

sign up to get updates


 
 
 
 
Join the Liberal Blog Advertising Network
 
 
 
 
 
 
 

A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
© 2013 Truthdig, LLC. All rights reserved.