Why not? Always has been the best thing a state could champion for grandstanding. It’s more likely than a two-state solution, which is a fantasy given the facts on the ground and the map not being close to meeting what the Palestinians need thanks to the illegal expansion of settlements. Doubling down on mass thievery rendered that plan useless.
It’s either gonna be one-state solution (interstate freedom of movement + labor) at best, or one side wiping out the other at worst. Israel will not be able to do the latter. It’s political suicide. The problem with binationalism gives legitimacy to Zionism and it will have its domestic opposition, unlike the full-on Palestine solution. In a conflict of this nature, that factor will ensure success in the long term. Even if the Zionist project goes the squarely apartheid route, they will be outlasted by demographics alone.
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