Sunday , December 22 2024
Home / Mike Norman Economics / Jonathon Cook – Balfour Declaration: How Britain broke its feeble promise to the Palestinians

Jonathon Cook – Balfour Declaration: How Britain broke its feeble promise to the Palestinians

Summary:
There is more than a little irony in Israeli prime minister Benjamin Netanyahu’s decision to attend a “celebration” dinner this week in London with his British counterpart, Theresa May, marking the centenary of the Balfour Declaration. Palestinian objections to the 1917 document are well-known. Britain’s Lord Balfour had no right to promise a “national home for the Jewish people” in Palestine, on the land of another people. But Israelis have been taught a different history in which they, not the Palestinians, were betrayed. In 1939, Britain appeared to revoke its pledge, stating “unequivocally” that it would not establish a Jewish state in Palestine. Limits on Jewish immigration were imposed, at a time when Europe’s Jews were fleeing the Nazi Holocaust. It was for this reason that

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Mike Norman writes Trade deficit

Mike Norman writes Bond market now pricing in one 25 bps rate cut by Fed in 2025

New Economics Foundation writes What are we getting wrong about tax

Sandwichman writes The more this contradiction develops…

There is more than a little irony in Israeli prime minister Benjamin Netanyahu’s decision to attend a “celebration” dinner this week in London with his British counterpart, Theresa May, marking the centenary of the Balfour Declaration.
Palestinian objections to the 1917 document are well-known. Britain’s Lord Balfour had no right to promise a “national home for the Jewish people” in Palestine, on the land of another people.
But Israelis have been taught a different history in which they, not the Palestinians, were betrayed.
In 1939, Britain appeared to revoke its pledge, stating “unequivocally” that it would not establish a Jewish state in Palestine. Limits on Jewish immigration were imposed, at a time when Europe’s Jews were fleeing the Nazi Holocaust.
It was for this reason that nearly a quarter of a century ago, in his book A Place Among the Nations, Mr Netanyahu accused Britain of perfidy.
One can understand the reluctance of Israelis today to concede the pivotal role provided by Britain. The Balfour Declaration is an embarrassing reminder that a Jewish state was the fruit of a transparently colonial project.
                                                                       ***
Israel has consistently rejected for Palestinians the very self-determination it once demanded from the British.
Mr Netanyahu’s government is preparing this week to nullify any lingering hopes of Palestinian statehood with the most significant move towards annexation of Palestinian territory in 40 years, when Jerusalem was annexed. The plan is to greatly expand Jerusalem’s boundaries to include large Jewish settlements in the West Bank like Maale Adumim.


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *