If you don't think this is relevant then you have not reached that stage in your personal development journey.
Majority of people never do but it ain't rocket science and enough bad events will force the most dense of us to rand recognize these material conditions imposed upon us.
Material conditions aren‘t sufficient to understanding or explaining the world. You will hopefully reach that stage in your personal development journey at some point.
Especially for understanding Israel/Palestine, focusing only on material conditions will lead to insufficient understanding and false interpretations. See the history of labor vs. revisionist Zionism or Arab nationalism and Baathism versus Islamism.