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Genocide Justice in a Multipolar World: Excerpt from The Obliteration Doctrine

People in Israel protesting

By Dan Steinbock         

Since fall 2023, Israel has engaged in genocidal atrocities in Gaza. So, why hasn’t the Genocide Convention been used to preempt the violence? Why has the Convention proved ineffective since its creation? The West’s long struggle against the Genocide Convention is one of the central questions of my new book, The Obliteration Doctrine.

The International Criminal Court’s (ICC) track record in the past two decades suggests a substantial gap between its broad mandate and very limited resources and state support. There is a sharp difference between the activities of the ad hoc tribunals and the ICC.

In the case of the tribunals, influential governments, mainly the permanent members of the UN Security Council, while committing time and funds to backing what they perceive as international justice, have focused on selected conflicts based on their national interests. Led by the United States, the countries bankrolling these tribunals supported them politically and militarily.

But it hasn’t been a free lunch. Leaning on mainly the West, the victors of 1945, this cooperation generated results, but it made the tribunals highly reliant on U.S. political support, intelligence and NATO-led forces.

The implementation deficit

The Tribunal for the former Yugoslavia convicted nearly 90 individuals, including senior political and military officials. Similarly, the Rwanda Tribunal ultimately convicted more than 60 individuals, almost two-thirds of those charged with crimes.

Even though the ICC itself has extensive jurisdiction, it has weak political support. For this reason, the Court seems to have moved cautiously when it began operations in 2003. It acted when the country in question explicitly requested court intervention (Congo DR, the Central African Republic, Uganda) or when the UN Security Council authorized the role of the court.

However, this pattern changed around 2010, when the ICC Prosecutor launched an investigation in Kenya. It was the first undertaken without explicit state support.

In the subsequent years, the ICC initiated several investigations that led it to be contested by several non-member states, including Russia (Georgia, Ukraine), Libya, Myanmar, US (Afghanistan), and Israel (Gaza). In the process, the number of active investigations soared to 17, but the results, at least in terms of trials and convictions, were few.

In over more than 20 years, the Court has secured convictions in just 4 cases, and most of its arrest warrants have been without effect. Compare that with the former Yugoslav Tribunal’s track-record of 161 indictments, 90 convictions and sentences in less than seven years.

Ad Hoc Tribunals and the ICC: Indictments and Convictions
SOURCE: The Obliteration Doctrine (data from ICTY, ICTR, ICC)

Strings attached

In several ICC cases, such as Sudan, Libya, Palestine, Burundi, Myanmar, and the Philippines, the prosecutor has lacked access to the territory in question or faced significant obstacles in taking investigative steps in the country. The ICC Kenya case, which occurred without explicit state support, is illustrative. After three years, the ICC charges were dropped in 2015 for lack of evidence.

Yet, the track record of the ICC shows it can be quite effective when prosecution has strong political backing. When the primary funders of the ICC and most permanent members of the UN Security Council have been in consensus, the Court’s implementation capacity has been boosted by abundant resources, as evidenced by the ICC arrest warrants for Russian leaders in 2023–24.

The warrant against Russian President Putin was the first against the leader of a permanent member of the UN Security Council. Unsurprisingly, the ICC enjoyed maximum cooperation and resources in Ukraine. Then again, as the Trump administration initiated its peace talks between Russia and Ukraine in spring 2025, the ICC’s role was largely ignored.

Given its current trajectory, the ICC is likely to continue to go after a few high-profile cases. In those that are aligned with the interests of the West, the Court’s ambitious rhetoric is more likely to be backed up with adequate resources and boosted implementation. But in other cases, the colossal gap between stated objectives and actual achievements weakens the prospects of prosecution.

Four ICC scenarios

In principle, there are four possible ICC scenarios, based on state support and implementation capacity. When the Court has broad support and implementation is strong, it is truly empowered. Such an ICC has not existed yet and is unlikely to exist in the foreseeable future because the national interests of its constituent member-states tend to trump the Court’s universalist predilections.

When the ICC has narrow support but strong implementation capacity, it can be quite effective, as evidenced by the ad hoc tribunals (or the model the U.S. initially proposed to the Court). In this scenario, things get done but outcomes reflect self-interested policies vulnerable to allegations of politicization.

The current ICC seems to represent a reverse scenario. When nominal broad support is coupled with weak implementation, the ICC is likely to prove ineffective; high on rhetoric, but weak in execution.

The worst scenario would be a Court with both diminished state support and low execution capacity. Over time, it would translate to irrelevance. Distressingly, in the absence of major changes, this is where the current ICC may find itself, if the ongoing geoeconomic and -political divides continue to penalize global prospects.

Four Scenarios
SOURCE: The Obliteration Doctrine

ICC’s untenable position

Obviously, great powers, particularly the permanent members of the UN Security Council, seek to influence such scenarios. As a result, the current ICC, overshadowed by its great ambitions but weak implementation capacity, is in an untenable position. The more it promotes universalistic objectives with narrow state support, the feebler it appears.

Instead of complying with the Court’s warrants, countries downplay them. The states signal they may not respect them in the future or openly defy them for domestic political reasons. After the warrants for PM Netanyahu and his ex-minister, Polish leaders welcomed Netanyahu’s visit, as did their Hungarian peers. Germany hedged its bets. French officials stressed a state had “obligations under international law with respect to the immunities of States not party to the ICC.”

Typically, the ICC’s four convictions have all been against citizens of member countries, whereas its cases against non-member state nationals have yielded almost nothing. Despite deposing indicted leaders, such as Sudan’s Omar al-Bashir, their successors have pulled back from cooperating with the Court.

Is there a way out?

A potential though unlikely U.S.-led scenario would be for the UN Security Council, armed with the sparingly used Article 16 of the Rome Statute, to temporarily freeze court investigations into the conduct of non-member state individuals. But even those US observers who regard it as a potential trajectory consider it unlikely.

Toward a multipolar scenario

With the rise of China and the Global South, the above foundational conditions have dramatically changed in the past eight decades. In effect, the broadest state support and most effective implementation can only be actualized in a trajectory marked by multipolarity reflecting the existing global economic, political and military conditions—not those that prevailed 80 years ago.

In the multipolar scenario, the ICC trajectory would no longer be based on the West’s unipolarity. The UN Security Council and its permanent members could retain their role, but it should be augmented by the new conditions of multipolarity; that is, the increasing role of the world’s largest emerging and developing economies.

The history of human rights law is the story of the progressive efforts of the Global South to hold the West fully accountable for the pledges consistently and systematically violated. Certainly, the West doesn’t have a monopoly on genocides, but the latter are inherent in its colonial legacies, its efforts to dilute the scope of the Genocide Convention in the late 1940s and the suppression of genocide prosecutions through the Cold War and the post-9/11 wars.

From the standpoint of the Global South, the appeal of the South African genocide case against Israel is, at least in part, in that it highlights the role of colonial atrocities as a prelude to the killing of six million Jews in Europe and subsequent millions in the Middle East, Asia, Africa and elsewhere.

Realistically, the only long-term solution to ensure appropriate inclusive global governance is to accommodate the role of emerging and developing economies in the existing international regime.

The current regime is a relic of the 1945 “victor’s justice.”

BookFor a copy of The Obliteration Doctrine: Genocide Prevention, Israel, Gaza, and the West by Clarity Press, click here. Available also via Amazon USAmazon CanadaAmazon UKBarnes & NobleIndigoBookshop etc. Available already as pdf and e-book, the book will be released on August 1.

About the Author

Dr Dan SteinbockThe author of The Fall of Israel (2024) and The Obliteration Doctrine, Dr. Dan Steinbock is an internationally-renowned visionary of the multipolar world and the founder of Difference Group. He has served at the India, China and America Institute (US), Shanghai Institutes for International Studies (China) and the EU Center (Singapore). For more, see https://www.differencegroup.net

The Best Performing Companies Deploy Gen AI Most Effectively

eam of multiethnic call center workers using AI chatbot to reply to common customer queries. Multiracial customer service coworkers generate automated responses to clients using AI

By Dr. Gleb Tsipursky

The companies that are outpacing their competitors in today’s volatile market have one thing in common: they’re deploying generative AI not just faster, but smarter. That’s the core insight from Kevin Oakes, co-founder of the Institute for Corporate Productivity (i4cp), a leading HR research organization with a sharp focus on what separates high-performing organizations from the rest. According to Oakes in his interview with me, the most successful companies aren’t dabbling in Gen AI—they’re operationalizing it across their enterprises. And it’s paying off.

From Experimentation to Enterprise-Scale Integration

i4cp’s latest research, Workforce Readiness in the Era of AI, reveals that only 11% of companies have fully integrated Gen AI across their organizations. These companies are not just experimenting or cautiously researching—they’ve woven Gen AI into both internal operations and customer-facing functions. The result? Superior business outcomes. These mature adopters consistently rank highest in i4cp’s performance index, which measures revenue growth, profitability, and market share.

This correlation is no coincidence. While some may argue that high performers simply have the resources to embrace cutting-edge technologies, Oakes makes a compelling case that Gen AI adoption itself is a driver of success. “The strong are getting stronger,” he explains, “but embracing Gen AI is also pushing companies into that high-performance category.”

Maturity Begins With Training—Especially at the Top

One of the clearest differentiators between leaders and laggards in Gen AI adoption is how they approach workforce training. Oakes notes a surprisingly common shortfall: most companies only train a small segment of their workforce on Gen AI. High-performing companies, in contrast, begin with their leadership. “Oddly enough, leadership is often overlooked,” says Oakes, “but top firms ensure CEOs and senior leaders are not just educated on Gen AI—they’re active users.”

“Oddly enough, leadership is often overlooked,” says Oakes, “but top firms ensure CEOs and senior leaders are not just educated on Gen AI—they’re active users.”

From there, the training expands organization-wide. Effective approaches blend asynchronous courses, instructor-led workshops, and peer mentoring. The training content itself progresses from fundamentals—data security, responsible use, AI ethics—to advanced topics like workflow integration and output evaluation.

In top-performing organizations, leaders sometimes even teach the courses themselves, a strategy borrowed from Jack Welch’s GE playbook. This not only boosts executive fluency in Gen AI but sends a powerful cultural signal: this matters.

Creating a Culture of Co-Creation, Not Compliance

Another hallmark of Gen AI success is how companies handle automation decisions. Too often, automation initiatives are top-down edicts. Instead, i4cp finds that the best organizations empower employees to identify which parts of their roles should be automated.

This approach does two things. First, it taps into the deep, often tacit knowledge employees have about their own workflows—what’s repetitive, what’s draining, what’s ripe for AI assistance. Second, it cultivates buy-in. “Now they’re contributing,” Oakes emphasizes. “It’s a co-creation mentality in the culture as opposed to being told.”

This collaborative method is especially critical in addressing the widespread fear that Gen AI will displace jobs. Oakes acknowledges the legitimacy of these concerns—Gen AI is replacing some roles—but points to a silver lining. “Organizations are adapting. They’re reallocating human brainpower to areas that have long been neglected,” he says.

Curiously, i4cp discovered that the more training employees received on Gen AI, the more their fears about job loss increased. It’s a paradox driven by awareness—those who understand the technology best also grasp its full potential to disrupt. Still, Oakes remains optimistic, drawing parallels to the early days of the internet. “We had the same fears. Over time, they dissipate as we learn how to use the tech to our advantage.”

Communication: The Missing Link in Many Organizations

If there’s a single failure point common to many Gen AI initiatives, it’s communication. “Most companies haven’t articulated a Gen AI strategy internally,” Oakes observes. That leaves employees in the dark—unsure of how the technology will be used, how it will affect their roles, or what the company’s intentions are.

Clear, transparent communication is essential. From executives down to department managers, everyone should understand the strategy and their role within it. Oakes dismisses simplistic motivational slogans—such as “you won’t be replaced by AI, but by someone using AI better”—as too often sounding like veiled threats. Instead, he advocates for open dialogue and honest, ongoing conversations about how Gen AI fits into the company’s future.

Guardrails, Governance, and Getting Smart About Risk

The risks of Gen AI—data privacy, hallucinations, bias—are real. But so is the opportunity. The companies leading the pack aren’t ignoring the dangers; they’re addressing them head-on through proactive training and governance.

Basic training includes guardrails around responsible use, and many firms are adopting internal large language models or deploying Gen AI within walled-off applications to mitigate exposure. “We got smarter about risks with the internet, with smartphones—we’ll do the same with Gen AI,” says Oakes. “It just feels scarier because it’s new and powerful.”

Indeed, the most forward-looking organizations are turning this moment of uncertainty into an opportunity to capture market share and build a competitive edge.

Metrics That Matter

When it comes to measuring Gen AI’s impact, usage is the first metric that matters. Companies are beginning to track who is using Gen AI, how frequently, and to what effect. This baseline data not only encourages familiarity, but also helps correlate usage with productivity gains.

Companies are beginning to track who is using Gen AI, how frequently, and to what effect.

Other meaningful metrics include department-level performance improvements and workforce well-being. “If you’re freeing up time from rote tasks, you’re probably improving mental and even physical health,” Oakes notes. Many of the same indicators used to measure culture—like engagement scores or turnover rates—can also be used to assess Gen AI’s organizational impact.

Looking Ahead: From Generative to Agentic AI

The future of Gen AI lies in something even more autonomous: agentic AI. “It’s a dumb name,” Oakes jokes, “but agentic AI is going to be performing many tasks on behalf of organizations.” These AI agents will execute complex workflows independently, and their rise will force companies to rethink job design and risk frameworks yet again.

While few companies have deployed agents at scale today, Oakes warns that by this time next year, every leader will need to know what they are—and how to use them responsibly. “We’ll be talking about ethical issues, unintended consequences, and probably a few monsters in our systems,” he quips. “But the first step is getting familiar.”

For now, the lesson is clear: companies that want to stay competitive need to move quickly from curiosity to capability. The era of experimentation is closing. The era of enterprise-scale Gen AI has begun. And the strongest players are already surging ahead.

About the Author

Dr. Gleb TsipurskyDr. Gleb Tsipursky was named “Office Whisperer” by The New York Times for helping leaders overcome frustrations with hybrid work and Generative AI. He serves as the CEO of the future-of-work consultancy Disaster Avoidance Experts. Dr. Gleb wrote seven best-selling books, and his two most recent ones are Returning to the Office and Leading Hybrid and Remote Teams and ChatGPT for Leaders and Content Creators: Unlocking the Potential of Generative AI. His cutting-edge thought leadership was featured in over 650 articles in prominent venues such as Harvard Business ReviewFortune, and Fast Company. His expertise comes from over 20 years of consulting for Fortune 500 companies from Aflac to Xerox and over 15 years in academia as a behavioral scientist at UNC-Chapel Hill and Ohio State. A proud Ukrainian American, Dr. Gleb lives in Columbus, Ohio.

The Rise of the Jewish Dual State

By Dan Steinbock

With the rise of the Jewish dual state, the Netanyahu cabinets have steadily subverted the secular democratic state. The parallels are alarming. Similar trajectories broke the back of the Weimar Republic a century ago.

Ever since the Six-Day-War (1967) and the occupation of Palestinian territories, Israel has witnessed the rise of the Messianic far-right settler Jews. In my The Fall of Israel, I describe in detail this process, which entered a new stage after the assassination of Prime Minister Yitzhak Rabin and the effective demise of the “peace process.”

The process also intensified the march of the settlers and their proponents into the Israeli institutions, while openly advocating the overthrow of Israel’s secular democracy, the Judeazation of the occupied territories (West Bank, Gaza), Jewish supremacy and racist violence, particularly against Palestinians.

What made this quasi-legal infiltration of the democratic institutions possible was the continuous US military and diplomatic support, coupled with arms transfers and financing, and Europe’s effective indifference.     

One way to look at the progression of the quasi-official state violence in Israel is the narrative describing the rise of the Messianic far-right as the march of lawlessness. Yet, such narratives do not adequately explain the existing tensions between the civil bureaucracies and the apocalyptic reformers in Israel.

In The Fall of Israel, I present an alternative way to depict that progression, based on the idea of a “dual state.” This is the notion that the famous German-Jewish lawyer Ernst Fraenkel used to explain how the Nazi party exploited democratic institutions, which it then undermined.             

Emergency powers to undermine democracy          

At the eve of World War II, Ernst Fraenkel fled from Nazi Germany to the United States, where he published his master treatise, The Dual State (1941). Fraenkel saw the analysis of the political system of the Nazi state as “a contribution to the theory of dictatorship.”

Fraenkel knew the system intimately. In the Weimar Republic, he had been a leading socialist jurist. And as a lawyer he had represented political defendants in court, mainly Jews targeted by the Nazi regime. Eventually, as a dissident, he worked in the underground with several resistance groups until his immigration to America in the late 1930s.

What worried Fraenkel was the gradual perversion of the democratic institutions of the Weimar Republic from 1918 to 1933. During that period, the Nazi Party took power as Hitler was able to use emergency powers to undermine constitutional governance and suspend civil liberties.

How could it happen? How could democracy collapse and Germany end up under a one-party dictatorship? Fraenkel’s simple response was: the dual state. Democratic institutions remained, but mainly as pale shadows. In particular, he showed how the decisions of the courts – as façades rather than effective institutions – precipitated the progress of Nazism in Germany.

Ernst Fraenkel: The Analyst of the “Dual State”

Certificate of Alien Registration issued to Ernst Fraenkel, stamped August 21, 1939.
Source: Wiener Holocaust Library Collections

Rise of the “Dual State” in Nazi Germany     

In Fraenkel’s view, the Nazi state had two sides. One featured the normative state, which was “an administrative body endowed with elaborate powers for safeguarding the legal order as expressed in statutes, decisions of the courts, and activities of the administrative agencies.” It represented the rule of law, or what was left of it.

The other side of the dual state referred to the prerogative state; that is, a “governmental system which exercises unlimited arbitrariness and violence unchecked by any legal guarantees.” It excelled in unrestrained artificiality, including violence, unimpeded by any rule of law.

Fraenkel highlighted the constant friction between the traditional judicial bodies representing the normative state, and the agencies of the prerogative state, the instruments of the dictatorship. It was not the courts’ purpose to foster extremist radicalism, but as they did tolerate such legal revisionism, the courts were virtually digging their own graves.

In the postwar era, the idea of the dual state influenced the postwar debates about the Third Reich. But Fraenkel’s theory was not just about Nazi Germany. It was about the potential of political regression in industrialized democracies and thereby about Israel as well.

Contemporary Israel is not Nazi Germany and the early 2020s aren’t the early 1930s. Nor has Israel’s constitutional framework been replaced by the “leader principle” (Führerprinzip) as the basis of executive authority, as of yet. Yet, there are distressing parallels.

Persecuted “aliens” from Weimar Germany to Israel         

Emerging first as a fringe movement in the 1970s, the rise of the Messianic far-right was accelerated by the right-wing Likud coalitions since the 1980s. After the failure of underground violence, these groups chose to march into and infiltrate the very democratic institutions they despised, particularly after the Oslo Accords in the 1990s. Through these decades, their clout was reinforced by massive U.S. military aid and Jewish-American financiers, particularly donors representing revisionist Zionism, as evidenced by the many examples underscored in The Fall of Israel.

In Germany, Nazis benefited from the Völkisch ideology, the German ethnic nationalist movement, served as a glue tying together different social and economic groups. In Israel, Jewish ethnonationalism, in varying degrees, has had a similar role cementing political, social and cultural cohesion.

In Germany, the Völkisch nationalists saw the Jews as “aliens” who thus had no business in the new Germany. In Israel, the Jewish far-right perceives the Arabs as aliens in the Jewish state thus favoring the expulsion of the Palestinians but tolerating a minority of Israeli Arabs, to preserve a semblance of a democracy.

German expansionism was legitimized with notions like Lebensraum that, in practice, translated to the ethnic cleansing and genocidal atrocities of Generalplan Ost, which sought to enslave and starve much of Eastern Europe. In Jewish ethnonationalism, “Greater Israel” is the apocalyptic ideology fueling the settlements and efforts to expand Israel’s boundaries, resulting in ethnic expulsions and atrocities, all in the name of “national security.”

With the Gaza War, the Strip has been devastated so thoroughly that most of it will be uninhabitable after hostilities. With the fog of the war, the occupation in the West Bank has effectively shifted from a de facto toward a de jure annexation. Hence, the dramatic increase in settler violence with the tacit support by military and security authorities.

Explosion of Settler Violence Incidents

FIG Explosion of Settler Violence Incidents
Includes Palestinian property damage and/or casualties in settler-initiated incidents
Source: Data from OCHA, author.  

Mythologies of ”blood and soil”                      

The Völkisch precedent had relied on the idea of “blood and soil,” fueled by the organicist metaphors of a singular, unified and racially pure social body. It was essentially a frustrated rebellion of lower-middle-class Germans who were sidelined and ignored by the ruling elite of German junkers, industrialists and military, and laboring poor whose socialist leaders had been taken down. The values of romantic nationalism and idealized agrarianism were typical to Germany where industrialization and urbanization, which had uprooted an entire generation of Germans, was still relatively recent.

In Jewish ethno-nationalism, it is the mythologized God-given Eretz Israel, the Land of Israel, that ensures collective singularity and racial purity.

For all practical purposes, this ideology relies on the longstanding resentment by poorer Jews from Arab countries, assertive religious Jews and the ultra-orthodox, the Messianic far-right, coupled with free-market conservatives, ideological Likudniks and the settler zealots.

Among the Messianic far-right, the parallel of the Völkisch “blood and soil” means Jewish supremacy coupled with the Eretz (Land) of Israel. In the 1930s Germany, peasants were celebrated as Nazi cultural heroes and forces of German racial stock and history. In Israel, the champions of the settlers portray them similarly in quasi-mystical terms as pioneers of a glorious future.

For years, historians of Nazi Germany like Moshe Zimmermann have drawn upon the legacy of Weimar Germany to understand the endangerment of Israeli democracy by authoritarian, nationalist and racist forces, “to determine where on the chronological calendar of the Weimar Republic we in Israel were situated. Now, in 2023 we are wondering: Are there not features of the regime in Israel that are familiar from German history after 1933?”

In this trajectory, the Israel of the Messianic far-right has the most prominent role as the romanticism of blood and soil is replaced with apocalyptic eschatology.

Messianic pretext for Jewish autocracy         

Following its election triumph in fall 2022, the Messianic far-right saw the Israeli normative state as an unwarranted obstacle to more effective, autocratic governance. The administrative body of the state was all nice and fine, but these elaborate powers that were designed to safeguard the legal order were ill-suited to the national security contingencies that were posing existential threats to Israel. The Jewish state required institutions that served the Jewish people, not its enemies.

With the 2018 Jewish nation-state bill, the prerogative state began to play an ever-greater role in Israel at the expense of the normative state. Responding to this effort at a “judicial regime coup,” hundreds of thousands of Israelis stormed the streets protesting it, a protest which eventually was diluted by demonstrations related to Israeli hostages and the Gaza War.

Yet, most Israelis had voted for the coalition parties that made up the Messianic far-right, which is now subverting the normative state by the exercise of “unlimited arbitrariness and violence unchecked by any legal guarantees.”

As long as the dual state prevailed, the civil servants of the normative state were still able to keep the Messianic far-right of the prerogative state at bay. But to the latter, the Gaza War was a historical, divinely-ordered opportunity not just to take over and annex the occupied territories but also to dominate the government and its vital bureaucracies.  

So, when Prime Minister Netanyahu opened the doors of his government to these far-right Messianic extremists in order to achieve a majority coalition, he let the foxes into the henhouse, for a purpose. It paved the way not just to a rising tension between state bureaucracies and state violence, but to the integration of these dual realities.

“Death to the Arabs!”

Jewish ultra-nationalists celebrating Jerusalem Day 2025 near Damascus Gate. It is now the annual celebration of Jewish supremacy with chants of “Death to the Arabs.” As the lyrics go: “May your village burn down!” Death of the Arabs

Source: Wikimedia

These shifts have come with a price: the rise of the Israeli internally conflicted dual state, facing an attendant shrinkage of the rule of law in the normative state and the increasing legal arbitrariness and sanctioned violence by the prerogative state.

“There is no police in Israel”                 

The Messianic far-right has seized central elements of the bureaucratic apparatus and its administrative procedures. Hence, too, national security minister Ben-Gvir’s effort to fill the key positions of national police, security and military with like-minded authorities, even at the risk of incompetence, insecurity and escalation.

At the eve of fall 2024, Ronen Bar, the head of Israel’s security service Shin Bet, wrote an “emergency letter” addressed to PM Netanyahu, the cabinet and the attorney general, warning that “the Jewish terror leaders want to make the system lose control, the damage to Israel is indescribable.” Police incompetence and public legitimacy have led to the expansion of Jewish terrorism, emboldened by “a sense of secret backing” from police. The letter sparked a fiery exchange between Netanyahu and Bar during a prior security cabinet meeting that touched on the deadly settler pogrom in Jit, a Palestinian town west of Nablus:

Netanyahu: “Have we made any arrests?”

Bar: “Two.”

Netanyahu: “Why only two? Why not more?”

Bar: “That’s the role of the police. There’s no police in Israel.”

It was a stunning admission and appeal by the head of Israel’s internal security. Jewish terror, Bar warned, was jeopardizing Israel’s existence, both in the occupied territories and in the volatile border areas.

The times of Israel
Source: Facebook screen capture (Times of Israel, Apr 21, 2025)

Initially, Bar was expected to serve as director until 2026. Yet, in March 2025 PM Netanyahu fired him claiming to have “lost trust” in him. In reality, Bar was fired after he started to investigate the so-called “Qatari Connection Affair”; that is, the Qatari involvement and influence in the Prime Minister’s Office. Refusing to leave without a fight, Bar submitted an affidavit to the court arguing that Netanyahu was demanding a personal loyalty, while expecting his Shin Bet to act against anti-government protesters and the Supreme Court.

Two weeks after the SC declared Bar’s dismissal “unlawful,” Netanyahu forced the premature end of Bar’s term in mid-June.

The Pyrrhic triumph

Step by step, Israel’s prerogative state is surpassing and suppressing its normative state. And given a unitary Jewish state – the ultimate objective of the Messianic far-right – it would effectively overwhelm the normative state.

Indeed, Israel is on the threshold of a significant, reality-changing process that will deliver indescribable damage to itself and likely world delegitimization. Shin Bet expected revenge attacks to ignite “another front in the multifront war we’re in, bringing more people into the terror circle to carry out their revenge.”

But the price of these steps is the expansion of the prerogative state, which will eventually undermine the state of Israel itself.

About the Author

Dr Dan SteinbockThe author of The Fall of Israel (2024) and The Obliteration Doctrine (2025), his new book, Dr. Dan Steinbock is an internationally-renowned visionary of the multipolar world and the founder of Difference Group. He has served at the India, China and America Institute (US), Shanghai Institutes for International Studies (China) and the EU Center (Singapore). For more, see https://www.differencegroup.net

Building on my The Fall of Israel, this commentary is the second of a series on Israel’s path from democracy to autocracy. For the first one, see “From Secular Jewish State to a Jewish Herrenvolk Democracy” and the second one, see “Israel’s Conservative Counter-Revolution.”

The Business Case for Nature: Unlocking Long-Term Growth

Profit growth, financial growth targets, investment ratios of funds, stocks

By Lara Alvarez 

Sustainable finance is rapidly evolving into a key driver of long-term economic resilience. Lara Alvarez explains how integrating nature-related risks into financial systems enhances risk management and fosters innovation. She argues that rethinking investment strategies around natural capital is essential for unlocking sustainable growth and navigating future environmental and economic challenges.

Sustainable finance is becoming a cornerstone of efforts to achieve global growth targets. This gradual shift is gaining visibility as the pursuit of economic expansion increasingly exposes the interconnectedness between the economic and social systems that drive prosperity and the natural systems that sustain them.  As the twin crises of climate change and biodiversity loss intensify, the global quest for growth is colliding with the reality of shrinking ecological boundaries. Rising and competing demand for land, water, food and minerals is unfolding in a world where natural resources are scarcer and where both the exposure and vulnerability of economic systems to the physical risks of a changing climate are rapidly increasing.

With governments and businesses under mounting pressure to deliver growth despite environmental limits, there is an urgent need for financial systems to internalise nature-related risks and support regenerative outcomes. This article explores how sustainable finance is transforming investment strategies, reshaping our understanding of financial risks and altering our perception of value. It also highlights why recognising the deep interconnection between nature and economic stability is essential to navigating the uncertain future ahead.

Natural capital as the new economic driver

The financial effects of nature-related risks are already being felt as ecosystem degradation drives up costs and disrupts business operations worldwide. As the pace and effects of biodiversity loss and resource constraints have gained visibility, regulators, investors, supply chain partners and consumers have raised the bar for corporate accountability and transparency. This shift signals an increasing recognition that economic resilience is deeply intertwined with and reliant on nature, and that nature degradation, like climate change, poses direct operational, financial, and reputational risks to corporations and financial institutions alike. 

While climate considerations are already becoming mainstream in risk management and financial decisions, biodiversity is now gaining traction and is expected to reach a similar level of integration soon. Investors are increasingly demanding high-quality, consistent data to assess nature-related risk exposure and align portfolios with sustainability ambitions and goals. Moreover, planetary boundaries are being factored into decision-making and target setting, while higher consumer expectations and stricter procurement standards are pushing companies to meet more stringent benchmarks across their entire value chain.

In response to these growing expectations, a proliferation of mandatory and voluntary frameworks, such as the EU’s Corporate Sustainability Reporting Directive (CSRD), International Financial Reporting Standards (IFRS), and Taskforce on Nature-related Financial Disclosures (TNFD), is driving more detailed disclosures, which in turn heighten market expectations.

Against this backdrop, proactive identification and management of impacts and dependencies on nature, along with greater transparency, are increasingly recognised by businesses as a strategic imperative to managing risks, meeting stakeholder expectations and maintaining competitiveness. These factors are driving innovation on products, services and business models as companies realign their strategies and approach to value creation.

Forecasting risk to drive financial resilience

Biodiversity loss and ecosystem degradation exacerbate financial risks, including credit, market and liquidity risk. Examples include increased default risk from businesses in the food and beverage and agricultural sectors due to the effects of water scarcity, pollinator decline and the reduced ability of agroecosystems to regulate pests, thus leading to higher input costs and reduced crop yields. In turn, these risks could increase the price volatility of agricultural commodities, drive asset write-downs and reduce insurance access in ecologically vulnerable regions. In today’s complex global value chains, consideration of these interactions with nature and the critical hotspots is essential for a holistic understanding of the challenges businesses face, enabling the design of optimal, cost-effective solutions that deliver long-term value protection and creation.

Critically, addressing these challenges requires enhancing ESG screening to incorporate nature-related risk assessments into financial analysis, portfolio management, and investment decision-making. This integration involves understanding how businesses depend on natural ecosystems (e.g. water, soil, pollination, climate regulation) and how the direct and indirect degradation of ecosystems across the value chain can affect business performance and long-term economic resilience. Identifying the transmission channels through which these risks can materialise is crucial. This allows for the integration of environmental, operational, and financial data with forward-looking scenario analysis, enabling the design of cost-effective management strategies.  By stress-testing the resilience of their portfolios, financial institutions can enhance their strategy and risk management processes, drawing on the lessons learned in the climate space.

Companies that have already developed and implemented climate risk assessment and management systems are well-positioned to begin this journey. Unlike climate risks, nature-related risks involve multi-dimensional, context-specific interactions across ecosystems that typically require granular, location-specific data and metrics. This complexity, combined with challenges in data availability, accessibility and standardisation, is slowing the finance sector’s response to the nature crisis.

However, the TNFD guidance is clear – the process is incremental. Financial institutions are encouraged to start with what they know, tailoring the approach to the sectors and geographies in their portfolio with the most material interactions with nature (e.g. high-impact activities, priority locations). Existing data (such as public or third-party datasets, operational data and disclosures) can be combined with satellite imagery and GIS systems for a more precise, spatially explicit assessment of nature-related risks. Starting with a pilot can go a long way to build internal capability and demonstrate value during this first iteration, with more detailed analysis and disclosures following at a later stage.  

Beyond risk: redirecting capital for resilient growth

Whilst a necessary first step, risks and opportunity identification and management are not in themselves sufficient to navigate the challenges ahead. To sustain economic growth in the face of planetary boundaries and population growth whilst building long-term resilience, businesses must rethink their strategies towards regenerative business models that actively restore, renew and enhance natural and social systems to create net positive outcomes for people, nature and the economy.

The finance sector has the power to accelerate systemic change and help close the biodiversity finance gap. Halting and reversing biodiversity loss and restoring ecosystems requires scaling up positive incentives through the mobilisation of USD 200 billion per year from across public and private sources that invest in nature conservation and restoration. It is also essential to reduce financing for environmentally harmful, subsidy-dependent activities and to support the elimination of the estimated USD 500 billion per year in harmful subsidies to nature.  Additional efforts in areas such as capacity building, technology transfer, and information and knowledge sharing are also critical to optimise resource use and drive progress.

By embedding considerations for the natural world into decision-making and exercising active ownership, the finance sector can redirect investments away from activities that harm biodiversity, scale up sustainable solutions, and accelerate the adoption of nature-positive, climate-resilient, and socially inclusive models. Leveraging finance to safeguard long-term sustainable growth has become essential. The real question for the sector is how swiftly, credibly, and strategically it can drive the systemic changes needed to navigate this transition.

About the Author

Lara AlvarezLara Alvarez is an environmental economist with over 20 years of experience in environmental consultancy. Specialising in sustainable finance and in the use of double materiality approaches, including natural capital and climate transition frameworks.

Two Colour Combinations for Small Bedrooms to Make Them Look Spacious

The interior of a bright bedroom features white and green paint on the wall, and green cabinet

A small bedroom feels cute and cosy. But too many furniture or a big bed can make it feel cramped. Want to make it seem more roomy? The right wall paint shades will help you out. Light, airy two-colour combinations bounce light off the walls and create the sensation that they are moving outward rather than coming in. It gives dimension and makes your room feel more spacious. Here are 5 pretty combinations that will make your bedroom look airy and roomy.

1. Soft White and Sky Blue

One of the simplest ways to create an open and airy room is by pairing soft white with a touch of blue. Paint three of the walls a soft white. Choose a pale sky blue for the fourth (preferably the one at the head of your bed). White makes the room feel clean and bright. Blue adds calmness.

  • Perfect for: Coastal themes, minimalist looks
  • Tip: Use white ceilings to add extra height

2. Mint Green and Light Grey

Mint green on one or two walls can make us feel more relaxed and connect us to the natural world, especially if we also use a light grey on the remaining walls. This pair is perfect for rooms that receive both morning and afternoon sun. Mint green creates a feeling of freshness. A grounding effect is added by the grey without darkening the space.

  • Perfect for: Modern or nature-inspired bedrooms
  • Tip: Paint the wall opposite the window mint green to best reflect light

3. Lavender and Off-White

Soft shades of lavender are a soothing alternative to more traditional pinks. Pair it with walls in off-white or cream for a dreamy vibe. You might paint the back wall lavender and the rest off-white to create a subtle feature without overpowering the space.

  • Perfect for: Relaxing, romantic bedrooms
  • Tip: Avoid glossy finishes. A matte or satin texture works best here

4. Peach and Ivory

If you’re longing for a warm, cheerful bedroom but don’t want to make it feel smaller, peach and ivory are a beautiful duo. Give ivory the lead role. Save peach for an accent wall. This two colour combination for bedroom walls creates a welcoming space that still feels light and open.

  • Perfect for: Cosy, inviting bedrooms
  • Tip: Pair with light wood furniture to create a soft and cohesive look

5. Beige and Blush Pink

Beige provides the perfect classic neutral base. Blush pink gives it a modern update. This combo is awesome if you’re looking for something a bit warmer than white. Paint the longer walls beige and the shorter walls in blush pink to help visually expand the space.

  • Perfect for: Feminine, classic styles
  • Tip: Stick to muted tones for both colours to avoid visual clutter

Final Thoughts

Wall paint plays a huge role in how your bedroom feels. With the right two-colour combination, even the smallest of spaces can feel larger, brighter and more comfortable. Keep it light, soft and simple to watch your bedroom open up with just a few strokes of a brush.

Small bedrooms can feel cozy, but sometimes they also feel tight and packed. The trick to making them look more open is by using smart colour combinations. A sofacum bed already helps in saving space, and with the right mix of two colours on the walls or furniture, the room can look bigger and brighter. Soft tones, bold contrasts, or pastel mixes can completely change how spacious a bedroom feels. With the right choice, even a small room can look stylish and airy.

Trump Pressures Powell Over Fed Costs During Rare Visit

trump pressured fed
Image by succo from Pixabay 

President Donald Trump clashed with Federal Reserve Chair Jerome Powell on Thursday during a highly unusual joint appearance at the central bank’s Washington headquarters, turning attention to the price tag of ongoing renovations while continuing to press for interest rate cuts.

The confrontation occurred as Trump toured the construction site of two historic Fed buildings, where renovation costs have become a focal point of his criticism. Wearing hard hats, Trump and Powell faced reporters, with the president claiming the project had exceeded $3.1 billion. Powell pushed back, saying Trump had included a separate building completed five years ago.

“We’re going to take a look. We’re going to see what’s happening,” Trump said, suggesting the renovations were unnecessary and still far from finished.

The appearance marked only the fourth time a sitting president has visited the Federal Reserve since its founding. But unlike previous visits, Trump used the moment to renew calls for lower interest rates — and to suggest, though not confirm, he had dropped plans to fire Powell. “To do that is a big move, and I just don’t think it’s necessary,” he said.

Trump posted later on Truth Social that it was a “Great Honor” to tour the facility with Powell, calling the spending “substantial” but arguing the U.S. economy could absorb the cost.

Despite the softened tone, pressure from the Trump administration has intensified. Treasury Secretary Scott Bessent recently said the Fed “requires a comprehensive review,” while Trump’s budget chief Russ Vought accused Powell of mismanagement. Bill Pulte, head of the Federal Housing Finance Agency, openly called for Powell’s resignation.

Trump has repeatedly criticized the central bank for holding interest rates steady, after trimming them by one percentage point in the second half of 2024. He argues that further cuts would save the government hundreds of billions in borrowing costs, as debt payments topped $1.1 trillion last year.

The Federal Reserve is widely expected to hold rates steady at its meeting next week, with markets pricing in a potential cut in September.

Trump, who originally nominated Powell in 2017, has recently branded him “Too Late,” and suggested firing him unless “he has to leave for fraud.” But legal experts say the president’s authority to remove a Fed chair is limited, and the Supreme Court has signaled that the institution’s independence remains protected.

The visit also comes amid mounting scrutiny of Trump’s handling of classified files related to Jeffrey Epstein — a controversy the administration has not fully addressed.

Related Readings:

Indonesia and United States two flags together

Arbitics.com Review: Is This the Professional Trader’s Secret Weapon?

Trade platform, forex trading. Stock exchange market analysis on laptop screen

This Arbitics.com review looks at a platform that has been quietly gaining the attention of serious traders. It’s not the flashiest option out there, but it does what it says it will do without all the noise. This platform is worth a lot of thought for traders who go into the markets with a clear goal and a lot of skill.

Arbitics doesn’t just repeat the same old feature lists or state the obvious. Instead, it focuses on the details that really matter when someone is looking for real performance, meaningful personalization, and real control over their trading experience.

Arbitics

Platform Performance That Really Counts

One important part of this Arbitics.com review is how well the platform works under stress. A lot of trading tools look great in demos but don’t work when there is a lot of volume. That’s not how things work here.

The numbers say this about Arbitics:

Execution that is lightning fast: 99% of trades are done in seconds

This kind of speed isn’t just impressive on paper; it’s the difference between making money and losing money in fast-moving markets like forex and crypto. Those milliseconds mean everything when prices are going up and down like crazy. 

Arbitics keeps traders in touch with real-time market movement without the lag that makes opportunities go away.

Handling a lot of volume: more than 32 million transactions every day

These numbers don’t lie about how stable and trustworthy the service is. When big market events happen, platforms that can’t handle this kind of scale tend to break down or slow down. 

Arbitics has clearly put money into the infrastructure needed to keep things running smoothly even when economic news makes everyone rush around.

Consistent execution at all levels of the account

The execution engine stays strong no matter if someone is working with a $2,000 account or a $100,000+ account. A lot of platforms give their bigger accounts better service, like faster service to people who pay more. Arbitics made their system so that everyone is treated fairly, which is both right and useful.

The main strength of this Arbitics.com review is that the platform can provide clean, uninterrupted execution no matter what the market is doing.

Tools That Are Useful for Traders

The way the platform handles tools is another thing that stands out in this Arbitics.com review. Arbitics doesn’t try to cram in every feature that traders might want (most of which they never use). Instead, it focuses on making things powerful and useful.

What people who use the Web Trader find:

  • Advanced charting that looks at more than one time frame

Traders can look at both short-term and long-term data at the same time. Imagine having 1-minute and daily charts open at the same time. This makes it easy to see trends over different time periods without having to switch screens.

  • Indicators that come with the software and overlays that can be changed

People can put technical indicators right on charts to look for RSI divergence or volume spikes. The interface stays clean and works well without needing any extra downloads or installations.

  • The ability to create live signals

This includes both setting things up by hand and tracking signals automatically. Traders can set specific conditions for alerts, which is very helpful for people who have strict rules about when to enter and exit trades.

  • Layouts for workspaces that can be changed in any way

Every trader can make their dashboard look exactly how they want it by only keeping what they need and getting rid of anything that isn’t necessary. Like minimalism? Don’t make it too complicated. Want something complicated? You can open five charts, a trading history, and a watchlist all at once.

A Plan Structure That Works

We need to look at how the subscription structure really works with traders’ goals to finish this Arbitics.com review. Each tier adds real benefits that affect performance and market access, rather than random limits.

Why choose arbitics

A breakdown of plan benefits in the real world:

$15,000 for the Advanced Plan

  • Full access to educational materials.
  • Live trading signals for many markets.
  • Individual stock access for people who want to invest in stocks
  • The perfect level for traders who have outgrown beginner tools but aren’t quite ready for VIP-level features

$25,000 for the Premier Plan

  • Islamic account
  • Personalized charts 
  • Access to advanced analytics
  • Great for traders who are at least intermediate level and want more advanced tools

Platinum PRO: $100,000 or more

  • Full VIP service, including a dedicated personal account manager
  • Priority fund withdrawals mean less time spent waiting and more freedom to trade
  • Specialized swap account setup for managing overnight positions in a flexible way
  • Professional help and input for developing a custom trading strategy

Trading

Help Desks Aren’t the Only Place to Get Strategy Support

This part of the review talks about support that feels more like having a trading partner than dealing with regular customer service. The platform links serious traders with people who know a lot, especially at the higher levels.

How high-level personalization really looks:

  • Experts in strategy who are dedicated
  • Talking directly with account specialists
  • Sessions to develop strategies one-on-one

Before we finish this review, we want to stress this important point: traders who want to really grow will find real support here, not just another set of tools.

Global Access Without Sacrificing Quality

We need to talk about real-world accessibility in this Arbitics.com review to get the whole picture. A lot of platforms talk a big game about reaching people all over the world, but Arbitics really does it.

How it fits into traders’ lives:

  • You can trade from almost anywhere
  • Consistency across devices
  • Full support for many languages
  • Access to the market as a whole

Arbitics doesn’t get in the way of traders who are always on the go or who just manage their positions from different home setups. That gives you a big edge.

VIP Benefits That Affect the Bottom Line

Another interesting part of this Arbitics.com review is what high-level traders can actually get their hands on. These benefits are important because they have a direct impact on how much money you make and how well your business runs.

VIP features that make a real difference:

  • Faster withdrawals from funds
  • Custom settings for swap accounts
  • Only you can use elite trading tools
  • Direct ways to talk to people

This is the kind of treatment that institutional trading desks usually get. Arbitics opens it up to experienced individual traders without the usual gatekeeping.

Choose your plan

Final Decision: Made for Experts

This review shows that the site was built with professionals in mind, not by accident but on purpose.

Everything, from how quickly trades are executed to how many strategy sessions are available, points to a trading environment where performance, control, and customization are more important than anything else.

Here’s what makes it work for traders who are serious:

  • Quick, dependable trade execution that matters when the market is moving quickly
  • Access to high-quality tools and unique information that most platforms don’t offer
  • Real communication with knowledgeable support staff, which makes every trade feel more secure
  • A plan structure that can grow with traders’ needs and levels of experience

The bottom line of this Arbitics.com review is simple: Arbitics is set up for traders who know more than just the basics. It gives you room to grow, helps you stay ahead of the competition, and supports trading strategies that are planned.

This platform is more than just another option for traders who really care about speed, structure, and strategy. It could easily become their main trading environment.

The photos in the article are provided by the company(s) mentioned in the article and are used with permission. 

Sanju Sriram on Building Intuitive Tech Platforms That Simplify Complex Regulations

Businessman interact with digital gears representing various tax and financial icons, modern tax management and government regulations in digital economy.

In an era when tax compliance remains a daunting task for individuals and businesses alike, one software engineer is changing the narrative with her intuitive tech platforms. Sanju Sriram, a San Francisco-based technologist, has emerged as a trailblazer in tax tech innovation with her groundbreaking platform, Simple720. This is a tool that brings simplicity and accessibility to one of the IRS’s most complex filing forms.

Intuitive tech refers to technology designed to be effortless, natural, and user-friendly, requiring little to no instruction to use. It prioritizes the user’s instincts and habits, so interactions feel seamless and obvious, almost like second nature. This is exactly what Sanju has achieved through her Simple 720 platform.

The IRS’s modernization push, under the Taxpayer First Act (TFA), has accelerated digital transformation across the tax system. A key update in 2024 made e-filing mandatory for Form 720 – used to report federal excise taxes – for businesses filing 10 or more returns annually. While this move was intended to streamline tax administration, it inadvertently intensified the complexity for those already struggling with tax compliance.

That’s where Sanju stepped in.

Building Tech That Understands People

Sanju Sriram

“Everyone has to file taxes,” says Sanju, “and while I couldn’t take that fact away, I knew I could use my skill set to make it less painful.”

Drawing from her deep expertise in data engineering, Sanju identified a gap in how Form 720 was being addressed in the IRS’s e-filing transition. Recognizing that the form’s complexity could overwhelm small businesses and non-experts, she launched Simple720 in November of last year. The platform quickly gained traction, attracting high-profile users including Nike, Ernst & Young, and San Diego Gas & Electric.

At its core, Simple720 is built on empathy and technical precision. Sanju explains that with intuitive tech, users need to be able to figure out how to use it almost immediately and this is the magic behind her Simple720 platform. It incorporates actions, commands, and AI predictions which feel organic. “Most tax platforms are built by people who understand code, not everyday people,” she says. “I had to switch hats – be a coder, but also a small business owner, a single parent, a freelancer – anyone who doesn’t live and breathe IRS regulations.”

From Stress to Simplicity: Making Tax Filing Accessible

Intuitive tech is all about human-centred design. It’s built around how people actually behave, not how engineers think they should behave, explains Sanju. As such, she says her mission with Simple720 wasn’t just to digitize tax filing, but to humanize it.

“Tax codes are full of jargon, exceptions, and ever-changing rules,” she explains. “People miss deductions or file incorrectly because the system doesn’t speak their language.”

By stripping away legalese and automating form logic, Simple720 guides users step-by-step through what used to be hours of paperwork. “The result,” she adds, “is fewer errors, more confidence, and a massive reduction in filing time.”

Sanju believes that simplifying tax tech is about more than just convenience; it’s about economic equity. “Lower-income earners and small business owners don’t always have access to accountants,” she says. “With Simple720, I wanted to build something that empowers them to handle taxes confidently and affordably.”

Engineering for Impact

Sanju describes Simple720 as her ‘data engineering masterpiece.’ But beyond the code, it represents a bigger philosophy: that technology should serve the people it’s built for.

“When the IRS began requiring mandatory e-filing for Form 720, I saw an opportunity, not just to build a platform, but to make a difference in how society deals with tax season,” she says. “Tax touches everyone, so making it easier isn’t just a convenience. It’s public service.”

As the tax tech space continues to evolve, Simple720 stands out not just for what it does, but for why it was built. It’s a powerful reminder that the most effective innovations aren’t just technologically advanced; they’re human-centered and intuitively understand their users.

And for Sanju Sriram, that’s where true engineering brilliance lies.

Israel’s Conservative Counter – Revolution

Protest in Israel

By Dan Steinbock             

In the past two decades, the Netanyahu cabinets have sought to legally hammer Israeli democracy into a Jewish autocracy. In the past two years, the “judicial reforms” have been the primary instrument for the purpose. In the past two months, this effort has escalated – dramatically.

After its far-right election victory in late 2022, the Netanyahu cabinet’s newly-appointed justice minister, Yariv Levin, claimed that “judicial activism” had ruined public trust in the legal system and made it impossible for the government to rule effectively. Sensing a historical opportunity to remake the Israeli legal system, the new government would seek to “reform” Israel’s judiciary.

And so began Israel’s conservative counter-revolution.

Judicial reforms as a “political coup”

Levin’s draft proposal pushed for sweeping changes in the judiciary, executive and legislative processes and functions. It sought to change the process for choosing judges by giving the government control over the selection and dismissal of all judges, including those in the Supreme Court.

It tried to restrict the Supreme Court’s capacity to strike down laws and government decisions by requiring an enlarged panel of the court’s judges and a “special majority” in order to do so.

It would allow the Israeli parliament Knesset to overrule the Supreme Court by a majority voting against the Court, and had an “override clause” that would enable the Knesset to re-legislate laws unless all justices agreed unanimously to strike them down.

It would allow ministers to select and fire justices’ legal advisors and decide whether or not to adhere to legal advice.

It would prevent the court from using a test of “reasonableness,” which precluded the courts from hearing petitions or appeals against governmental and administrative decisions perceived as “unreasonable.”

Opposition leader Yair Lapid called Levin’s reform draft “a letter of intimidation,” contending that the Netanyahu cabinet threatened to “destroy the entire constitutional structure of the State of Israel.”

Speaking against the proposed reforms, Lapid warned of an impending “political coup.” 

From constitutional revolution…

Along with New Zealand, San Marino, Saudi Arabia, and the United Kingdom, Israel is one of few countries operating according to an uncodified constitution. In the 1950 Harari Decision following Israeli independence, the Knesset, dominated by Labor governments, opted to legislate the constitution in a piecemeal fashion.

Between the 1950s and late 1980s, it passed nine Basic Laws. Many of these laws center on individual liberties, but also on the principal state institutions and civil rights. Some were earlier protected by the Supreme Court. In particular, The Basic Law: Human Dignity and Liberty ensured the Supreme Court had the authority to disqualify any law contradicting it, and protection from Emergency Regulations. These rights are critical to dissidents in Israel, Israeli Arabs and civil rights in the occupied territories.

Until the proposed judicial reforms, all legislation, government orders and administrative actions of state bodies in Israel were subject to judicial review by the Supreme Court. Between 1992 and 1999 – that is, in parallel with the peace process – Supreme Court Justice Aharon Barak, in a series of rulings, developed something of a doctrine, or “Constitutional Revolution,” as he called it. This transformation, he argued, came about with the adoption of the Basic Laws focused on human rights in the Knesset and by the Supreme Court.

The Constitutional Revolution elevated these laws – including the right to equality, freedom of employment and freedom of speech – to a position of normative supremacy, thus granting the courts rather than just the Supreme Court the ability to strike down legislation deemed inconsistent with the rights embodied in the Basic Laws. As the net effect, Israel morphed from a parliamentary democracy to a constitutional parliamentary democracy, in which the Basic Laws were seen as its constitution.

Aharon Barak (sitting; left) at a meeting at Camp David with (l-r) PM Menachem Begin, President Anwar Sadat, and Defense Minister Ezer Weizmann, Sept. 17, 1978. Author: CIA
Source: Wikipedia

 … To conservative counter-revolution

Over a decade later, in parallel with the failure of the peace process, the proponents of judicial reform wanted to bury Barak’s “constitutional revolution.” Hence, the Netanyahu cabinets’ counter-revolution.

The separation between the legislative and executive branches is relatively weak in Israel since the government tends to hold a majority – however fragile – in the Knesset. Consequently, the Supreme Court is effectively the last institution having the power to limit government actions and legislation passed by a parliamentary majority. That’s why Levin and the Netanyahu cabinet hoped to shift that power from the judiciary to the government. To succeed, they first had to subvert Justice Aharon Barak’s constitutional revolution.

Due to the absence of such a constitution in Israel, the Likud governments have sought to surpass it via a body of rulings serving the same purpose. This is, in effect, a legal counter-revolution, aiming to protect the economic interests of those forces that finance Likud’s conservative leaders, the Messianic far-right and the settlers in the occupied Palestinian territories.

In this view, the proposed judicial reforms are an attempt to hammer out a Jewish democracy at the expense of secular civil rights, while turning the de facto apartheid practices in the occupied territories into a de jure rule.

Interestingly, the draft of the proposed judicial reforms came from the Misgav Institute for Zionist Strategies, a think tank with many American-Jewish members and Israeli settler hawks. As its first major project, the think tank drafted the versions of reforms first submitted to the Knesset in the 2000s.

Even more intriguingly, Misgav also advised the Israeli government on Gaza, arguing right after the Hamas offensive of October 7, 2023, that the war offered a “rare opportunity to evacuate the entire Gaza Strip” and ethnically cleanse Gaza.

Judicial reforms as a Jewish civil war déjà vu

After the electoral triumph of the Israeli far-right, the Netanyahu cabinet could finally begin to push the highly controversial judicial reforms in January 2023. The effort was led by Netanyahu’s deputy PM and minister of justice, Yariv Levin, and the chair of the Knesset’s constitution committee, Simcha Rothman.

Like Netanyahu, Levin is a veteran Likud politician, a scion of a far-right family. His maternal uncle was a conservative member of the first Knesset and the commander of the cargo ship Altalena. In June 1948, that ship was loaded with fighters of the far-right terrorist group Irgun and a huge cache of military equipment. A violent confrontation ensued between the newly created Israeli Defense Force (IDF) led by Ben-Gurion, and the Irgun headed by Menachem Begin’s revisionist Zionist who prioritized terror and violence.

It was a clash the revisionists never forgave and it almost unleashed a civil war between the two groups eager to take over the Jewish state.

The ship Altalena on fire after being shelled near Tel-Aviv.
The ship Altalena on fire after being shelled near Tel-Aviv.
Source: Wikipedia

The Levins were on the defeated Irgun’s side, and decades later Begin served as the honorary guest holding the baby, Yariv, at his circumcision ceremony. As a rising Likud star, Levin fought against Israeli withdrawal from Gaza in 2005. He opposes the creation of a Palestinian state and the two-state solution, supports settlers and believes Jews have the right to remain in all parts of the land of Israel.

Simcha Rothman is Levin’s mirror image on the side of the religious militants. He is a Knesset member of the far-right Religious Zionist Party and the chair of its constitutional committee. Born into a Jewish-American family from Cleveland, Ohio, he lived in Bnei Brak, the center of orthodox and haredi Judaism east of Tel Aviv. A critic of Netanyahu’s corruption trial, Rothman represented the militant, anti-Arab party promoting far-right Kahanism and Jewish supremacy supporting the annexation of the occupied territories to Israel. In late 2023, he called for “resettling” Gaza’s refugees; that is, for ethnic cleansing in the Strip.

When the dynamic duo, Levin and Rothman, unveiled the government plan for a legislative overhaul of the country’s judicial system, all hell broke loose.

Mass protests against judicial reforms and the apartheid system

The champions of Israel’s often-controversial policies like to say that Israel is the only democracy in the Middle East, discounting elections being held in countries such as Türkiye and Iran. In reality, Israel’s democracy ranking has eroded in the past decades.

According to popular democracy indices, the Middle Eastern and North African countries with highest scores feature Israel, Tunisia and Iraq. Nonetheless, given its role as an occupying state, Israel is seen as a “flawed democracy” ranking behind almost half a hundred countries and at par with Panama, Colombia and South Korea, another U.S. client state.

Israeli voters are painfully aware of Israel’s democratic erosion. The proposed judicial reforms were opposed by most Israelis in massive protests, which began soon as the cabinet introduced the reform package. Starting in Tel Aviv’s Habima Square, the site of the huge 2011 cost-of-living protests, the anti-reform demonstrations garnered some 20,000 protesters, with smaller rallies of thousands in Jerusalem and elsewhere.

Typically, the first protest was organized by “Standing Together,” a grassroots Arab-Jewish movement, though it did not address Palestinian interests. In just a week, the number of the protesters grew eight-fold to some 150,000 people while demonstrations spread in Israeli cities. By mid-March – half a year before the Gaza War – up to 260,000 people were demonstrating in Tel Aviv.

Israeli mass protests against the proposed “judicial reforms” in Tel Aviv, March 4, 2023.
Israeli mass protests against the proposed “judicial reforms” in Tel Aviv, March 4, 2023. (photo by Amir Terkel)
Source: Wikimedia

By mid-June 2023 – just four months before the Gaza War – massive nationwide protests were the new norm. In the past, Israel’s judiciary had regularly upheld policies, practices and laws that helped enforce the “system of apartheid against Palestinians,” including upholding administrative detentions, green lighting the destruction of villages and imposing restrictions on family reunification. But on some occasions, the Supreme Court had intervened to protect Palestinian rights.

With the judicial reforms, even this “slim and inconsistent” protection was expected to disappear. The proposed overhaul had chilling implications for Palestinian rights.

A month before October 7, 2023, the Supreme Court heard the case. But then, just as the protests were about to collapse the Netanyahu cabinet and result in new elections, the Hamas offensive ensued – followed by Israel’s massive retribution war.

Toward an autocratic, ethnically cleansed judiciary

Given that the far-right cabinet held a 64-seat majority in the 120-seat Knesset prior to the Gaza War, opposition parties could do little within the legislature to stop the judicial reforms.

Following a year of protests against these reforms and three months of anti-government demonstrations amid the Gaza War, the Supreme Court struck down the bill on January 1, 2024. Though celebrated as a triumph for democracy in Israel and abroad, the vote was tight (8-7) at the historic 13-hour hearing. Moreover, the justices also ruled that the Supreme Court has the power to overturn the Basic Laws (12-3). In other words, the tight vote reflected significant support for the judicial reforms even in the High Court of Justice itself.

As far as the Netanyahu cabinet was concerned, it was unable to implement its judicial reforms in the fog of the war, but it would continue its two-decade long struggle for its bill.

The first step was taken in late March 2025, when the Knesset passed a bill to change the makeup of the Judicial Selection Committee. It is set to go into effect after the next general election. Concurrently, Justice Minister Yariv Levin will prevent the committee from naming new judges, thus effectively paralyzing the Supreme Court which will have only 11 justices, instead of the full complement of 15.

Not only does the bill mark the first time in Israeli history that the process of choosing judges will come under the control of politicians. It will undermine what is left of the democratic due process. In the name of “diversity of the courts,” it is also likely to undermine the representation of Arab judges on both the Supreme Court and lower courts, thus effectively ensuring apartheid system in judicial practices – ethnically cleansed courts, if you will.

The 20-year transformation

And so, in June over 10,000 right-wing Likud and far-right Messianic Jews protested against Israel’s Supreme Court in Jerusalem. The demonstration featured speeches by several of Prime Minister Netanyahu’s senior ministers, including Finance Minister Bezalel Smotrich, a self-proclaimed fascist who has been pushing for ethnic cleansing in Gaza; Justice Minister Yariv Levin, the architect of judicial reforms and proponent of Greater Israel; National Security Minister Itamar Ben-Gvir, the far-right champion of ethnic cleansing in the West Bank by any means necessary, and Heritage Minister Amichai Eliyahu who has promoted the “nuking of Gaza.”

How to “Weimarize” Israeli Democracy

From the Kahanite Ben-Gvir and self-proclaimed fascist Smotrich to Likud’s Yariv and Netanyahu
From the Kahanite Ben-Gvir and self-proclaimed fascist Smotrich to Likud’s Yariv and Netanyahu
Source: Wikipedia

Emboldened by the incessant arms flows and financing by the United States, the triumphant far-right leaders were effectively celebrating Israel’s 20-year transformation from secular democracy to Jewish autocracy.

Such events make many uncomfortable in Israel. Recently, former Attorney General Avichai Mendelblit warned that the direction “we’re heading in is toward the end of democracy in Israel.” He described the government’s agenda as “undermining the gatekeepers and the protective mechanisms” of the democratic system. Just days ago, the Netanyahu cabinet dismissed Attorney General Gali Baharav-Miara. It is undermining the Supreme Court. It is suppressing the free press, which is also haunted by elevated military censorship whose concern is not so much “national security” than the impunity of the most far-right cabinet in Israeli history.

Worse, the Netanyahu government is only beginning its purges and show trials.

From Weimar Republic to Israeli democracy

Over a century ago, it was the fall of the Weimar democracy that paved the way to the darkest chapter in the German history. It is the subversion of the Israeli state institutions that paved the way to the genocidal atrocities in Gaza – and that are now setting the stage for the dramatic fall of Israel.

In early July, the Ministerial Committee for Legislation approved a bill that would permit the next government to terminate the tenure of senior officials in the defense, justice and finance ministries.

Currently, there is a bill advancing through the Knesset that would allow any incoming government to remove top figures in the legal, defense, and financial establishments, including budget director, and CEOs of government companies – as well as the attorney general, military chief of staff, Israeli prison service commissioner, and the directors of Shin Bet and Mossad – within 100 days of taking office.

The legislation is a dictator’s delight; a legal weapon of democracy’s mass destruction. It is vital to the far-right government to complete the rise of the Israeli dual state.

The original commentary was published by Antiwar.com on July 23, 2025.

About the Author

Dr Dan SteinbockThe author of The Fall of Israel (2024) and The Obliteration Doctrine (2025), his new book, Dr. Dan Steinbock is an internationally-renowned visionary of the multipolar world and the founder of Difference Group. He has served at the India, China and America Institute (US), Shanghai Institutes for International Studies (China) and the EU Center (Singapore). For more, see https://www.differencegroup.net

Building on my The Fall of Israel, this commentary is the second of a series on Israel’s path from democracy to autocracy. For the first one, “From Secular Jewish State to a Jewish Herrenvolk Democracy,” click here

Demystifying Venture Debt: When is it the Right Move for Your Startup

Businessman in venture debt

For the majority of startups, the process of raising money appears to nearly go hand in hand with equity capital. The conventional wisdom appears to literally point straight to venture capitalists and angel investors, where ownership of the company is exchanged for critical growth capital.

But startup funding markets are far more diverse than equity rounds. There are alternatives, and out of those many alternatives, venture debt is an interesting, and often misunderstood, option.

Venture bank debt, in its essence, offers a potent, less dilutive funding alternative for specific growth-stage startups. Yet unlocking its full potential and avoiding its pitfalls requires a deep understanding of the subject.

Venture Debt: A Hybrid Approach to Funding

So what is venture debt? At its core, venture debt is a specialized form of debt financing specifically designed for venture-backed companies.

As opposed to bank loans, which often require strong physical collateral and established profitability, venture debt lenders lend based on a startup’s existing equity funding, strong investor syndicate, and future growth potential. It is almost always used concurrently with or following an equity round, as a second layer of capital rather than a replacement for equity.

The structure is typically a loan, but with a crucial distinguishing feature: it often includes warrants, which grant the lender the right to buy a small percentage of the company’s equity at a predetermined price in the future. This equity upside compensates the lender for the higher risk associated with lending to early-stage, unprofitable companies.

Features of Venture Debts

Venture debt has several distinguishing features. These are:

  • Reduced Dilution: The main appeal is lower dilution compared to raising the same amount in a simple equity round, with early-stage investors and founders retaining more control.
  • Interest Repayments: Venture debt companies commit to making regular interest repayments, which places a fixed expense burden on their burn rate.
  • Warrants: These are a typical feature, providing the lender with an equity kicker.
  • Covenants: The covenants in loan agreements are also financial and operating conditions that the startup must meet (e.g., maintaining some minimum cash balance, achieving some levels of revenue).
  • Term: Venture debt is a shorter term than typical bank loans, typically between two and four years.
  • Collateral: While not commonly asset-based, the lenders will acquire security interests in the collateral of a startup, which can be intellectual property, accounts receivable, or other liquid assets.
  • Players: The players in this niche market are generally dedicated venture debt funds, although some entrepreneurial banks and Business Development Companies (BDCs) also offer these financial products.

When to consider venture debt?

Understanding the ideal times to apply for venture debt is significant since it is an extremely powerful instrument but not for every stage or scenario. Let’s look at a couple of examples:

Ideal Scenarios for Venture Debt

Understanding the ideal scenarios for venture debt is crucial, as it’s a powerful tool but not suited for every stage or situation. Let’s look at a few.

Post-Equity Round

It is the most common and often the strongest case for venture debt. When a startup has just finished raising a significant equity round (be it Seed, Series A, or Series B), it signals validation from sophisticated investors, which instils confidence in venture debt lenders. This existing equity capital provides a cushion, making the startup a less risky proposition for debt providers.

Clear Path to the Next Milestone

Venture debt is best utilized where the firm has demonstrated steady revenue growth or has a good plan for achieving specific, measurable growth thresholds. It is thus ideal to fund discrete, high-ROI initiatives, such as expanding sales , developing a new product category, developing a new product line or making a strategic acquisition, where the return on investment can support debt repayment.

Strong Unit Economic and Recurring Revenue

Companies with strong unit economics and recurring revenue models, such as SaaS or subscription-based businesses, are particularly attractive. Their repeat, stable revenue streams, as well as documented customer acquisition cost (CAC) and lifetime value (LTV), make lenders confident the company can pay back the debt.

Avoiding a Down Round

In the event of weak market conditions for a raise of equity, or in case of relative short-term underperformance of the company relative to its previous valuation, venture debt can serve as a bridge, providing needed capital to meet milestones that will facilitate a greater valuation in a subsequent equity round in order to prevent dilution at a lower price.

Specific Capital Needs

Venture debt is often suitable for specific capital needs that are less aligned with core equity investment. This could include funding working capital requirements, purchasing inventory, or financing equipment, where debt is a more appropriate and less dilutive form of capital than selling equity.

Situations Where Venture Debt Is Risky

While venture debt offers compelling advantages for the right companies, it’s also important to understand the scenarios where it can introduce significant risk and potentially it is best to use other available alternatives.

Such scenarios are:

  • Pre-Product Market Fit: At this stage, there is simply too much uncertainty regarding customer adoption, revenue generation, and sustainable business models. Taking on debt here will create a high risk of default.
  • Struggling Companies: Attempting to “paper over” fundamental business problems with debt rarely works; instead, it often serves to accelerate failure by piling on financial obligations without addressing core operational or market challenges.
  • Unclear Path to Profitability: Without a well-defined and believable strategy for generating sufficient revenue to cover debt repayments, the debt quickly becomes a debilitating burden rather than a growth engine.
  • High Burn and Low Cash Reserves: While debt can extend runway, if the existing cash burn is unsustainable and major milestones are missed, the risk of defaulting on loan payments increases dramatically.
  • Founders Uncomfortable with Debt: Taking on debt requires a high degree of financial discipline, rigorous forecasting, and clear financial management to ensure covenants are met and payments are made on time.
  • Lack of Follow-on Funding Prospects: Without the anticipated equity infusion to either pay down the debt or fuel further growth that makes repayment feasible, the debt repayment schedule becomes an insurmountable challenge.

Key Considerations Before Taking Venture Debt

Before a startup commits to taking on venture debt, a thorough and meticulous evaluation of several key factors is essential.

The first is the true cost of capital. Calculate the effective cost of capital by factoring in both the interest payments and the potential future dilution from the warrants to understand the full financial impact.

Equally important is a granular understanding of the covenants attached to the loan agreement. Realistically assess your ability to meet various conditions and understand the impact of breaching covenants.

Next, carefully review the repayment schedule to make sure that the company’s projected cash flow can pay the principal and interest payments throughout the loan term without impacting operations.

The relationship with the lender is another critical consideration. Choose a lender that not only has a strong track record but also possesses experience in your specific sector.

Before signing anything, get a thorough legal review of the entire loan agreement by experienced counsel. This ensures that all clauses, implications, and potential pitfalls are fully understood.

Lastly, startups must have a clear exit strategy in mind. How will the debt be repaid upon an exit event, whether it’s an acquisition or an Initial Public Offering (IPO)? Understanding this path is vital for ensuring the debt doesn’t become an obstacle to a successful liquidity event.

Conclusion

Venture debt is a sophisticated and specialized financial instrument that should not be seen as a go to solution for early start-up funding. Instead, it is a powerful strategic tool best deployed by mature startups that already have a clear product-market-fit and have a good understanding of growth trajectories and the robust underlying unit economics.

If adopted correctly and in the appropriate context, venture debt is a powerful tool that can enable companies to retain significantly their founders’ and early investors’ equity while greatly extending their runway and ability to attain their future goals. The decision to pursue venture debt is ultimately about strategic fit, rather than simply access to capital.

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