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Niall Ferguson: How Real Estate-ism Got the Deal Done in Gaza
Displaced Palestinians return to the Akkad region in Khan Yunis, Gaza following the withdrawal of Israeli forces on October 14, 2025. (Abed Rahim Khatib/Anadolu via Getty Images)
Trump’s critics pine for old-school diplomacy. But Jared Kushner and Steve Witkoff triumphed where Joe Biden’s national security professionals failed.
By Niall Ferguson
10.15.25 — International
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It has been a tough week for the professional Donald Trump haters. Only the most unhinged of them could not share in the joy of the families of the surviving Israeli hostages as they were reunited on Monday. But there must always be liberal ghosts at any feast of which Trump is the host.

“Everyone should be glad that the hostages have been freed” and hope “that this peace process succeeds,” acknowledged the editor of The New Republic, Michael Tomasky. But? Well, “he’s still the Donald Trump who is destroying democracy and ruining lives here in America.”

“We may grimace in doing so,” wrote Kenneth Roth in The Guardian, “but Donald Trump deserves credit for finally ending the U.S. government’s funding and arming of the genocide, and arm-twisting Benjamin Netanyahu into accepting his 20-point plan for Gaza.”

This was more than Guardian columnist Owen Jones was prepared to concede. His commentary yesterday carefully avoided giving Trump any credit for the ceasefire and the return of the hostages, ranting instead that “Israel’s Western-facilitated genocide. . . . will boomerang back to the West from the killing fields of Gaza.”

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Niall Ferguson
Sir Niall Ferguson, MA, DPhil, FRSE, is the Milbank Family Senior Fellow at the Hoover Institution, Stanford University, and a senior faculty fellow of The Belfer Center for Science and International Affairs at Harvard. He is the author of 16 books, including The Pity of War, The House of Rothschild, and Kissinger, 1923-1968: The Idealist, which won the Council on Foreign Relations Arthur Ross Book Award. He is a columnist with The Free Press. In addition, he is the founder and managing director of Greenmantle, a New York-based advisory firm, a co-founder of the Latin American fintech company Ualá, and a co-founding trustee of the new University of Austin.
Tags:
Donald Trump
Israel
Gaza
Hamas
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