Israel is no “mercenary of the West in the heart of the Middle East” but an outpost of Western civilization in the midst of barbarians. Besieged on all sides within the short span of 60 years it became culturally, politically, economically, and scientifically the most developed nation of the region and deservedly proud of this great achievement. Moreover as a civilized outpost, Israel is at the forefront of the fight against the holy warriors of Islam, of Hamas and Hezbollah, the proxies of its most dangerous enemy Iran.
The author of the article might be rich in some of his psychological probing but has a very poor understanding of history. Great achievements are not the outcome of “victimhood” but they arise from the cultural, moral, and intellectual strength of a people. And Israel is a testament of that.
I have not read Joseph Stiglitz’s book. But I assume from your short description of it, that he is not contending that capitalism did not raise the standard of living of the masses during its long development nor that it needs poverty to flourish. All my comments, including the one you refer to address specifically these two points and not to the ‘casino’ “financial capitalists,” that Professor Stiglitz speaks of, which were mainly responsible, alongside government dirigisme, for the meltdown. But you are grossly remiss in ‘cheering’ Stiglitz: the achievements of capitalism were not founded on the rolling dice of a casino.