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Terrorism and the Economy: How the War on Terror Is Bankrupting the Worldby Loretta Napoleoni
Synopses & Reviews
Economist and best-selling author Loretta Napoleoni traces the link between the finances of the war on terror and the global economic crisis, finding connections from Dubai to London to Las Vegas that politicians and the media have at best ignored. In launching military and propaganda wars in the Middle East, America overlooked the war of economic independence waged by Al-Qaeda. The Patriot Act boosted the black market economy, and the war on terror prompted a rise in oil prices that led to food riots and distracted governments from the trillion-dollar machinations of Wall Street. Consumers and taxpayers, spurred by propaganda fears, were lured into crushing global debt. Napoleoni shows that if we do not face up to the many serious connections between our response to 9/11 and the financial crisis, we will never work our way out of the looming global recession that now threatens our way of life.
While we feared that Al-Qaeda might destroy our world, Wall Street ripped it apart.
Book News Annotation:
A journalist and author specializing in money laundering and terror financing, Napoleoni (Terror Incorporated, Insurgent Iraq) explains how the Global War on Terror, or whatever its brand is today, is a major cause of the economic disaster in the industrial world. Among her topics are Dubai and the rise of Islamic finance, the War on Terror as America's suicidal mission, the self-inflicted wound of the USA PATRIOT Act, scenes from a global house of cards, the politics of fear, the danger of protectionism, and a new economic model. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)
Economist Loretta Napoleoni traces the links between financing the war on terror and the global economic crisis.
About the Author
LORETTA NAPOLEONI is the author of the bestselling book Rogue Economics: Capitalism's New Reality, which has been translated into fourteen languages, Terrorism and the Economy, and Terror Inc.: Tracing the Money Behind Global Terrorism, which has been translated into twelve languages. One of the world's leading experts on money laundering and terror financing, she has worked as London correspondent and columnist for La Stampa, Corriere della Sera, La Repubblica, El País, and Le Monde. A former Fulbright scholar, she holds an MA in international relations and economics from Johns Hopkins University, and an MPhil in terrorism from the London School of Economics. For her work as a consultant for the commodities markets, she traveled regularly to Pakistan, Turkey, Iran, Iraq, Syria, and other Middle Eastern countries, where she has met top financial and political leaders. She lives in London.
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