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Why does the creation of Israel prevent another Holocaust?
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The first assumption is that prior to any new Holocaust, Jews would be able to escape to Israel. The second assumption is that any nation planning on wiping out all the Jews does not have the ability to harm Israel. The first assumption is probably correct, the second one might not be.
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Also, what are these tens of thousands of new products? There's been a lot of military innovations thanks to US subsidation, but what are the domestic products? There's no doubt that Israel has used the land much more productively than it had before, and I support the fact that there is an Israel; however, there's no need to engage in such fruitless rhetoric.
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While I agree that he is certainly overstating the point, and that Israel is certainly not the third strongest country in the world and is also not a "must have" for the world, Israel has been a pioneer in agricultural and water use technology, nano/computer technology, pharmaceuticals, electronics, software, and is the 14th largest nation in terms of how many patents it's citizens have produced (while being the 97th largest nation in terms of population).