American banks profit billions from Israeli war bonds

Evidence

The merciless fate of the Palestinian people is a magnifying lens that allows us to clearly see the true nature of the socioeconomic system we have constructed. It puts into focus the inverted essence of our society, in which monetary value prevails over all other principles. The ongoing genocide—which the UN commission called a crime against humanity, that of extermination—is inseparable from the economic incentive of higher profits: from buoyant stocks in the weapons industry, to plans for lucrative reconstruction projects, to control over natural resources and commerce in a strategic region. Even as they sponsor lavish philanthropic galas, America’s biggest banks are cashing in on the destruction of human life. Goldman Sachs and Bank of America have poured 7.2 billion and 3.5 billion respectively into Israeli “war bonds”—profiting off the massacre of starving Palestinians. — Clara E. Mattei, Escape from Capitalism, 338

Categorization

• CANDY: Goldman Sachs and Bank of America funding war bonds while hosting philanthropy galas is a stark, repeatable fact.
• SEED: Essay angle: the moral theater of philanthropy as cover for profit on mass death — the ‘war bond’ as the apotheosis of finance capital.
• XREF: connects to: American corporations profiteered massively from the Iraq War

Broader Connections

• American corporations profiteered massively from the Iraq War #exemplifies (0.75)