Of course it does, but Israel is not willing to do what is necessary for it to work.
Israel must eliminate Hamas by taking a siege mentality.
Seal off Gaza, no food, water, medical aid, electricity, gas, no help whatsoever, until the Palestinians people drag Hamas into the street and kill them all.
Then sue for peace.
A demoralized, humiliated people will eventually want peace at any cost
Of course it does, but Israel is not willing to do what is necessary for it to work.
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The question is why.