Commentary Magazine


Contentions

More Lies from the BDS Movement

Since its inception, practically every major success claimed by the anti-Israel Boycott, Divestment, and Sanctions (BDS) movement has turned out to be either an outright lie or a massive exaggeration. The AJC’s Ben Cohen fact-checks the campaign’s most recent “victory” — its announcement that the largest pension fund in the Netherlands recently divested from Israeli companies — and finds this to be yet another hoax.

While the Dutch pension fund PGGM has reportedly withdrawn its investment from many of the Israeli companies in its portfolio, Cohen discovered that this was due to Israel’s recent admission to the Organization for Economic Cooperation and Development — and has absolutely nothing to do with any type of anti-Israel political movement:

I contacted the fund’s managers, the Dutch company PGGM, and they confirmed my suspicions. Back in May, Israel’s economic vibrancy secured its admission into the Organization for Economic Cooperation and Development (OECD,) which gathers together the world’s developed countries. As a result, funds focused upon emerging markets were obliged to withdraw their investments from Israeli companies, who’d moved to the different benchmark for developed markets. Bottom line: this had absolutely nothing to do with politically-motivated divestment.

This is reminiscent of the now-debunked claim that Harvard had divested from Israel over the summer. As the administration pointed out at the time, Israel had merely been re-classified as a “developed” market due to its economic growth. “Our emerging markets holdings were rebalanced accordingly,” said the school.

Other BDS movement “successes” that have been disproved over the past few years include Hampshire College’s alleged divestment in 2009 (which the school administration quickly refuted) and assertions that Motorola had joined the divestment movement.

In fact, the BDS campaign’s only actual victories seem to be getting B-list musicians to cancel concerts in Israel (which, in some cases, have arguably been more of a win for Israel).


Join the discussion…

Are you a subscriber? Log in to comment »

Not a subscriber? Join the discussion today, subscribe to Commentary »





Welcome to Commentary Magazine.
We hope you enjoy your visit.
As a visitor to our site, you are allowed 8 free articles this month.
This is your first of 8 free articles.

If you are already a digital subscriber, log in here »

Print subscriber? For free access to the website and iPad, register here »

To subscribe, click here to see our subscription offers »

Please note this is an advertisement skip this ad
Clearly, you have a passion for ideas.
Subscribe today for unlimited digital access to the publication that shapes the minds of the people who shape our world.
Get for just
YOU HAVE READ OF 8 FREE ARTICLES THIS MONTH.
FOR JUST
YOU HAVE READ OF 8 FREE ARTICLES THIS MONTH.
FOR JUST
Welcome to Commentary Magazine.
We hope you enjoy your visit.
As a visitor, you are allowed 8 free articles.
This is your first article.
You have read of 8 free articles this month.
YOU HAVE READ 8 OF 8
FREE ARTICLES THIS MONTH.
for full access to
CommentaryMagazine.com
INCLUDES FULL ACCESS TO:
Digital subscriber?
Print subscriber? Get free access »
Call to subscribe: 1-800-829-6270
You can also subscribe
on your computer at
CommentaryMagazine.com.
LOG IN WITH YOUR
COMMENTARY MAGAZINE ID
Don't have a CommentaryMagazine.com log in?
CREATE A COMMENTARY
LOG IN ID
Enter you email address and password below. A confirmation email will be sent to the email address that you provide.