Instapundit (via Jay Fitzgerald) points out an interesting column by Charles Jacobs, which correctly points out that the left doesn’t get its panties knotted over who is perceived as the victim (after all, aren’t we all, ultimately, victims of the oppressive world order?), but rather based on who is perceived to be the oppressor.

Alternatively, imagine the ”wrong” oppressor: Suppose that Arabs, not Jews, shot Palestinians in revolt. In 1970 (”Black September”), Jordan murdered tens of thousands of Palestinians in two days, yet we saw no divestment campaigns, and we wouldn’t today.

But suppose they did? Just what powerhouse stocks would one divest oneself of if one wanted to protest the actions of Jordan, or the Saudi entity, or any other Arab country? Not to imply that they have any interest in protesting such countries’ behavior, but if they did, given the paucity of industry, innovation and rational corporate and lending law of the Arab world, which are vital for enterprise, they’d have to find some other way to protest.

Ignoring morality issues (spurious or otherwise), from a purely financial perspective, Israel is worthy of investment (as was South Africa at the time). Arabia is not. That’s what must change.