So long as both of the key Arab powers—Egypt with its population, and Saudi Arabia with its petroleum—remain client-states of America, the Middle East and its oil are safely in US hands, and there is no reason to deny Israel anything it wishes. But should that ever change, the fate of the Palestinians would instantly alter. America has invested enormous sums to sustain Mubarak’s moth-eaten dictatorship in Cairo, cordially despised by the Egyptian masses, and spared no effort to protect the feudal plutocracy in Riyadh, perched above a sea of rightless immigrants. If either of these edifices were toppled—in the best of cases, both—the balance of power in the region would be transformed.
— Perry Anderson, 2001. (Anderson’s entire essay is worth revisiting at this moment since it offers a very clear-eyed view on many issues, including the limits of the “peace process” which was recently highlighted by the leak of the Palestinian papers.)