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Print Print 2014-02-19

Partly Facetious: The OIC can't agree on anything

"Economics my friend is a very powerful tool."
Published February 19, 2014

"Economics my friend is a very powerful tool."
"I know - we feted the Crown Prince of Saudi Arabia..."
"I was actually referring to the power of people economics."
"I never heard of people economics!"
"Well, I define it as how a people can make a difference."
"You mean consumers demand less and thereby make big companies suffer losses."
"Indeed, and let me give you an example. About a third of Medjool dates, as well as other fruits and vegetables including pepper and grapes are grown in the Jordan valley which is under Israeli occupation and the EU was the main importer of these products. The European consumers have lowered their demand for these products from Israel."
"I doubt if Israel would care as long as the US continues to give it money and arms and ammunition and support at the UN Security Council?"
"I would like to mention two facts. First a 2013 BBC poll suggests that Israeli popularity in Germany is in single digits, the highest ratings for Israel in Europe are in the UK with only 14 percent. If you recall the actress Scarlet Johanssen recently endorsed SodaStream which operates a factory in the West Bank and was forced to resign from Oxfam, a well respected charity."
"I didn't know that. And second?"
"Second, European companies are dropping investments in Israel in response to their government's pressure for example in January this year a 200 billion dollar Dutch pension fund that banked in five top Israeli banks was withdrawn."
"Do the Israelis care?"
"As the numbers are rising they care, in one cabinet meeting there was a discussion of injecting $28 billion into a media campaign."
"Maybe the OIC can..."
"The OIC can't agree on anything."
"So people power is it. We have it in Pakistan too right?"
"Afraid not, we have a parliament that represents the interests of only the rich farmers, we have a Finance Minister who does not publish the list of non-filers so no naming and shaming, and we have a cabinet that protects the rich and the influential and let me just mention the characters in trade, and industry and the bourses who operate in the illegal economy and..."
"Oh dear!"

Copyright Business Recorder, 2014

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