“[Though I greatly appreciate hi-tech], hi-tech innovation and education are not enough… because we've seen in parts of the world where we had highly educated populations who were frustrated, or unemployed, or left the country to go to places that had the other necessary prerequisites for high growth [and] the proliferation of technology. [These pre-requisites are:] Free markets, or freer markets. Without a market economy, you cannot really have the soil on which innovation can take root, in which initiative and entrepreneurship can produce the necessary growth and benefits to our people.
“[We must have] freer economies, mobile economies that reward effort, that reward innovation, that reward the excellence in human thought - because people don't create just for the sake of creation.
-Prime Minister Netanyahu at the High-Tech Industry Association Annual Conference June 9, 2010
More on Israel’s economic policies here.
The Palestinian Authority, which contributes half of its budget to Gaza Arabs, has become more dependent on the massive foreign aid it has received since the beginning of the 2000 Second Intifada, also known as the Oslo War….
It [the Palestinian Authority] has received nearly $10 billion in foreign aid since 1994 when the PA was formally established. The European Union is the largest donor, followed by the United States, which contributes nearly twice as much as Saudi Arabia.
The aid has enabled the PA, which seeks to become an independent country though located within Israel's borders, to inflate its public payroll to more than 160,000 workers while its education system continues to incite violence against Israel. Donors currently contribute more than $1 billion a year.
- Gaza “A Tale of Two Worlds”
No US economic aid goes to Israel, nor does Israel ask for any. President Obama just promised another $400 million of economic aid to the Palestinian Authority.
P.S.: Also, "Pence to Obama: Whose side are you on, anyway?"
