Top Economists Back Francesca Albanese's Report on the 'Economy of Genocide' in Gaza : Zeteo

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Summary
UN Special Rapporteur Francesca Albanese’s recent UN report, “From Economy of Occupation to Economy of Genocide,” has ignited global attention for exposing the economic enablers of Israel’s military campaign in Gaza.

The report identifies a vast network of multinational corporations, tech giants, financial institutions, and academic entities that have profited from or contributed to the occupation and assault on Gaza. In a powerful show of support, a group of world-renowned economists—including Yanis Varoufakis, Thomas Piketty, and Nassim Nicholas Taleb—has endorsed Albanese’s findings and condemned the U.S. and Israeli efforts to discredit her.

The economists’ open letter emphasizes that genocide and occupation have been financially lucrative for arms companies, Big Tech, and elite universities. They highlight how firms like Alphabet, Amazon, Palantir, Chevron, and Barclays, along with prestigious academic institutions, are financially intertwined with Israel’s war economy. The letter rebukes the campaign to silence Albanese as part of a broader pattern of genocide denial and urges public debate on the economic forces sustaining apartheid and violence.

Quotes

• “Israel’s colonisation of the occupied Palestinian territories is no exception [to racial colonial capitalism].”

• “Occupation and genocide are highly lucrative for conglomerates… Big Tech could not be happier.”

• “Some of the most cherished academic institutions… are financially reliant on helping Israel reproduce its political economy of occupation and genocide.”

• “In a few years, almost everyone will claim they opposed this genocide. But it is now that people of good conscience need to take a stand.”

• “We felt the need to express our strong support for Ms Albanese and to encourage the UN to dismiss the shrill demands of the US and Israeli governments.”