The Time is Now for Financial Zionism

By Tal Brody

Many casual observers of contemporary Israeli affairs face a puzzling dilemma
when asked to think about the effects of the so-called BDS (Boycott, Divestment,
Sanctions) movement. On the one hand, they hear reports of ever-increasing
accomplishments in the Israeli hi-tech sector with Israeli corporations being
purchased by international conglomerates and increases in exports all over the
globe. On the other hand, they are being told that BDS is wrecking havoc on the
Israeli economy and is a force that needs to be combated with all the intensity
possible. Despite the seeming contradiction between these two realities, the
truth is that both are true.

Yes, Israel continues to hold remarkable influence over global markets and Israeli
corporations are able to report growing export figures each year. But, when
one takes a look beyond the mega-companies and examines the sales reports of
smaller Israeli manufacturers and so called “mom and pop” commercial entities,
the effects of BDS are deeply troubling.

It is therefore a phenomenon that cannot be trivialized because literally
thousands of Israeli jobs could be lost should the tide not be reversed.

Many abroad think that there is little that can be done to silence the BDS more info
movement. They rightfully assume that these campaigns are being instigated by
callous hate-mongers who are unwilling to recognize Israel’s contribution to the
world out of their ignorance of the realities of the Arab-Israeli conflict. Those
same people think that it is best just to ignore BDS and it will go away- that it’s a
laughable attempt to disrupt Israeli commerce.

Perhaps this was a position which led some credence in the early days of BDS,
when it was just a fringe protest movement, with little to no serious following.
But no one cannot laugh any longer when we’re witness to factories closing and
hard working Israeli men and women forced out of their jobs.

Appreciating that BDS is a real threat is the first step and I believe that more and
more within the pro-Israel community are waking up to that. But the question is
what we can each do about it?

Calling out Israel’s critics for the sheer absurdity of their claims is one way
to go and certainly should be done wherever possible. Israeli innovation
serves at the center of pretty much every technologically-charged industry
that drives our modern world. From medicine, to computer engineering to
entertainment, thousands of different operations are only made possible because
of the brain power invested by Israeli developers. Before the critics power up
their computers, play with their entertainment devices or undergo a medical
procedure, they should be prepared to forego the experience if they are truly
honest about boycotting Israel. My guess is that most of these BDSers wouldn’t
be so prepared.

But there is a far more practical side to what can be done by defenders of Israel
and that is to defend our beloved nation through their wallets. The concept of
buying blue and white is not a new one but it is becoming increasingly imperative
that people recognize what is at stake if Israeli commercial enterprises are

The most fragile actors in any major economy are the little guys. These are
the small-businesses without the financial resources to overcome the loss of
even a small percentage of their annual revenue. When boycotters choose
to publically call for the cessation of purchases from Israel, they directly harm
Israeli manufacturers at the lower end of the production chain including small
companies who produce Israeli-oriented products like Judaica, souvenirs and
crafts. These companies are unable to overcome the hurdle imposed by a
significant drop in income and are forced to lay off laborers. Perhaps it’s ironic
but in many cases the boycotts hurt Palestinian laborers just as much as Israelis
because dips in employment in Israel typically hurt Arab workers just as much as
their Jewish counterparts.

The response therefore that we can each take upon ourselves is to make the
decision to invest in Israel in some small way by going online today and buying
blue and white. This need not be a major purchase but the collective financial
strength of the pro-Israel community around the world is surely far stronger than
that of the BDSers.

This is one way for us to all support Israel in a pro-active and lasting way and
show our enemies that we cannot be destroyed and in so doing add “Financial
Zionism” to the long list of ways we’ve shown our love for the Jewish State
throughout its remarkable history.

Tal Brody is a Goodwill Ambassador for Israel and the Honorary Chairman of – an online campaign to promote financial support of